How to relate managerial hubris to ethical decision making and the overall impact on the business environment.

During the 1920 Farrow's Bank failure, Thomas Farrow had been evaluated as having been inflicted by managerial hubris at the time of the bank's collapse in 1920. What level of pressures were associated with ethical decision making at Farrows Bank. Till what level the level of managerial hubris would have been decreased if Farrow Bank had a truly ethical business culture. Could this have affected the final outcome of Farrow Bank?

Source: Hollow, M. (2014). The 1920 farrow's bank failure: A case of managerial hubris? Journal of Management History, 20(2), 164-178.