https://www.sciencedaily.com/releases/2019/11/191121134517.htm

"Can Ethics be Taught? Evidence from Securities Exams and Investment Adviser Misconduct" is forthcoming in the Journal of Financial Economics from Zachary Kowaleski, assistant professor of accountancy in the University of Notre Dame's Mendoza College of Business, along with Andrew Sutherland from the MIT Sloan School of Management and Felix Vetter, a doctoral candidate at the London School of Economics.

"Skeptics often criticize the lack of empirical evidence that shows ethics training works," Kowaleski says. "A key barrier has been difficulty observing both training and subsequent behavior. We overcome this barrier by using a change to the ethics content on a qualification exam and an investment adviser's record of misbehavior."