Elite status symbols drive insider trading as an easy, profitable shortcut.
Evidence
An extravagant lifestyle, which comes with a huge price tag, has become a marker for arrival in the circle of elite financiers. Insider trading has become rampant because it is easy to do and is highly profitable for both the tipster and the recipient of confidential information. For traders lured by superrich status with its resplendent trappings, illegal means provide a quick shortcut to get there. — Albert Bandura, Moral Disengagement, 1479
Categorization
Category: Causal Relationships
Related
- Easy profitability plus status lures drive insider trading to rampancy. (similarity 0.95)
- Insider trading remains rampant and easy to commit (similarity 0.84)
- Insiders can earn excess profits through monopolistic access to information. (similarity 0.78)