Abstract

Author:
Andrew Ifesinachi Daraojimba, Noluthando Mhlongo, Funmilola Olatundun Olatoye, Oluwatoyin Ajoke Farayola, Franciscamary Chiny ere Okonkwo

Doi: 10.26480/bosoc.01.2024.01.07

This is an open access article distributed under the Creative Commons Attribution License CC BY 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

This study presents a systematic literature review on the topic of ethics in financial communication, with a specific focus on the U.S. financial sector. The review aims to explore the importance of transparency, responsibility, and trust in financial communication, examining the historical context and evolution of ethical practices, and assessing the current standards and challenges in the field. The methodology involved a structured review of peer-reviewed literature, adhering to specific inclusion and exclusion criteria to ensure a comprehensive and unbiased analysis. The data collection process was guided by the principles of exhaustive literature exploration, focusing on studies published within the last two decades. Key findings reveal that ethical practices in financial communication have undergone significant evolution, particularly in response to historical financial crises and the advent of new technologies. The review highlights the critical role of regulatory frameworks, corporate governance, and technological advancements in shaping ethical practices. It also discusses the implications of these practices for various stakeholders, including investors, regulators, and the public. Looking forward, the study identifies prospects and challenges for the future of ethical practices in U.S. financial communication, emphasizing the need for adaptive regulatory frameworks and ethical guidelines in the face of rapid technological changes. Recommendations for industry leaders and policymakers include strengthening governance structures, investing in professional education, and enhancing stakeholder engagement. The study concludes by suggesting areas for future research, such as the impact of emerging technologies on ethical practices, the effectiveness of regulatory frameworks, and the influence of cultural factors on global financial communication ethics. This research contributes to a deeper understanding of the dynamics of ethics in financial communication and underscores the importance of continuous adaptation and vigilance in this field.