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Ethical Theory and Business

New York: Pearson/Prentice Hall (2008)

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  1. Assessing Freeman’s Stakeholder Theory.James A. Stieb - 2009 - Journal of Business Ethics 87 (3):401-414.
    At least since the publication of the monumental Strategic Management: A Stakeholder Approach, the "stakeholder theory" originated by R. E. Freeman has engrossed much of the business ethics literature. Subsequently, some advocates have moved a bit too quickly and without proper definition or argument. They have exceeded Freeman's intentions which are more libertarian and free-market than is often thought. This essay focuses on the versions of stakeholder theory directly authored or coauthored by Freeman in an effort to recover Freeman's intentions (...)
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  • The Ethical Case for Affirmative Action.Prue Burns & Jan Schapper - 2008 - Journal of Business Ethics 83 (3):369-379.
    Affirmative action has been a particularly contentious policy issue that has polarised contributions to the debate. Over recent times in most western countries, support for affirmative action has, however, been largely snuffed out or beaten into retreat and replaced by the concept of ‹diversity management’. Thus, any contemporary study that examines the development of affirmative action would suggest that its opponents have won the battle. Nonetheless, this article argues that because the battle has been won on dubious ethical grounds it (...)
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  • The Business of Commercial Legal Advice and the Ethical Implications for Lawyers and Their Clients.Barbara Robin Mescher - 2008 - Journal of Business Ethics 81 (4):913-926.
    Company directors and executives seek legal advice outside the company on a regular basis. This advice is meant to be given within the context of the lawyers’ professional obligations and ethical practise. What clients may not appreciate is there is often a conflict of interest between the lawyers’ professional and ethical concerns and the legal advice business. If lawyers follow their business interests, their advice may be incomplete especially in relation to the ethical consequences of that advice. This could lead (...)
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  • The Role of Law in Models of Ethical Behavior.Sandra L. Christensen - 2007 - Journal of Business Ethics 77 (4):451-461.
    In attempting to improve ethical decision-making in business organizations, researchers have developed models of ethical decision-making processes. Most of these models do not include a role for law in ethical decision-making, or if law is mentioned, it is set as a boundary constraint, exogenous to the decision process. However, many decision models in business ethics are based on cognitive moral development theory, in which the law is thought to be the external referent of individuals at the level of cognitive development (...)
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  • Environmental Costs and Responsibilities Resulting from Oil Exploitation in Developing Countries: The Case of the Niger Delta of Nigeria.Gabriel Eweje - 2006 - Journal of Business Ethics 69 (1):27-56.
    Interest shown on the environmental impact of operations of multinational enterprises in developing countries has grown significantly recently, and has fuelled a heated public policy debate. In particular, there has been interest in the environmental degradation of host communities and nations resulting from the operations of multinational oil companies in developing countries. This article examines the issue of environmental costs and responsibilities resulting from oil exploitation and production in the Niger Delta region of Nigeria. The case study is based, in (...)
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  • A Cross-Cultural Examination of the Endorsement of Ethical Leadership.Christian J. Resick, Paul J. Hanges, Marcus W. Dickson & Jacqueline K. Mitchelson - 2006 - Journal of Business Ethics 63 (4):345-359.
    The western-based leadership and ethics literatures were reviewed to identify the key characteristics that conceptually define what it means to be an ethical leader. Data from the Global Leadership and Organizational Effectiveness (GLOBE) project were then used to analyze the degree to which four aspects of ethical leadership – Character/Integrity, Altruism, Collective Motivation, and Encouragement – were endorsed as important for effective leadership across cultures. First, using multi-group confirmatory factor analyses measurement equivalence of the ethical leadership scales was found, which (...)
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  • Universal Moral Values for Corporate Codes of Ethics.Mark S. Schwartz - 2005 - Journal of Business Ethics 59 (1-2):27-44.
    How can one establish if a corporate code of ethics is ethical in terms of its content? One important first step might be the establishment of core universal moral values by which corporate codes of ethics can be ethically constructed and evaluated. Following a review of normative research on corporate codes of ethics, a set of universal moral values is generated by considering three sources: (1) corporate codes of ethics; (2) global codes of ethics; and (3) the business ethics literature. (...)
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  • What Gewirth is Worth at the Department Store.Michael Schwartz - 2005 - Journal of Business Ethics 58 (1-3):27-35.
    . This article argues that within the retail setting any aesthetic influence employed by the retailer is ultimately going to result in utilitarian outcomes for the clientele of that store. Indeed, that in pursuing such an aesthetic appeal, the retailer can be perceived as akin to an artist with his or her primary responsibility not to the larger society but to the store and the statement that it makes. This argument is re-inforced by the historical experience of department store operators (...)
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  • Social Responsibility and Ethics: Clarifying the Concepts.Josie Fischer - 2004 - Journal of Business Ethics 52 (4):381-390.
    Students coming into a third-year business ethics course I teach are often confused about the use and meaning of the terms social responsibility and ethics. This motivated me to take a closer look at a sample of the management and business ethics literature for an explanation of their confusion. I found that there are inconsistencies in the way the two terms are employed and the way the concepts are defined. This paper identifies the different ways the relationship between social responsibility (...)
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  • (2 other versions)Moral implications of law in business: a case of tax loopholes.Joseph Aharony & Aviva Geva - 2003 - Business Ethics: A European Review 12 (4):378-393.
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  • Strategic Leadership of Corporate Sustainability.Robert Strand - 2014 - Journal of Business Ethics 123 (4):687-706.
    Strategic leadership and corporate sustainability have recently come together in conspicuously explicit fashion through the emergence of top management team positions with dedicated corporate sustainability responsibilities. These TMT positions, commonly referred to as “Chief Sustainability Officers,” have found their way into the upper echelons of many of the world’s largest corporations alongside more traditional TMT positions including the CEO and CFO. We explore this phenomenon and consider the following two questions: Why are corporate sustainability positions being installed to the TMT?What (...)
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  • Virtue in Business: Morally Better, Praiseworthy, Trustworthy, and More Satisfying.E. T. Cokely & A. Feltz - forthcoming - Journal of Organizational Moral Psychology.
    In four experiments, we offer evidence that virtues are often judged as uniquely important for some business practices (e.g., hospital management and medical error investigation). Overall, actions done only from virtue (either by organizations or individuals) were judged to feel better, to be more praiseworthy, to be more morally right, and to be associated with more trustworthy leadership and greater personal life satisfaction compared to actions done only to produce the best consequences or to follow the correct moral rule. These (...)
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  • The effects of culture on ethical decision-making: An application of Hofstede’s typology. [REVIEW]Scott J. Vitell, Saviour L. Nwachukwu & James H. Barnes - 1993 - Journal of Business Ethics 12 (10):753 - 760.
    This paper addresses a significant gap in the conceptualization of business ethics within different cultural influences. Though theoretical models of business ethics have recognized the importance of culture in ethical decision-making, few have examinedhow this influences ethical decision-making. Therefore, this paper develops propositions concerning the influence of various cultural dimensions on ethical decision-making using Hofstede''s typology.
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  • Business ethics: A literature review with a focus on marketing ethics. [REVIEW]John Tsalikis & David J. Fritzsche - 1989 - Journal of Business Ethics 8 (9):695 - 743.
    In recent years, the business ethics literature has exploded in both volume and importance. Because of the sheer volume and diversity of this literature, a review article was deemed necessary to provide focus and clarity to the area. The present paper reviews the literature on business ethics with a special focus in marketing ethics. The literature is divided into normative and empirical sections, with more emphasis given to the latter. Even though the majority of the articles deal with the American (...)
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  • Ethical aspects of “japanese leadership style”.Iwao Taka & Wanda D. Foglia - 1994 - Journal of Business Ethics 13 (2):135 - 148.
    This article describes three characteristics of the Japanese Leadership Style (JLS): self-realization, appreciation of diverse abilities, and trust in others, which have both positive and negative ethical implications. In addition to illustrating how JLS allows Japanese corporations to avoid some of the ethical problems plaguing U.S. corporations, the authors will explain how these characteristics engender the loyalty and initiative of Japanese employees which promote incremental innovation and competitive advantages. Implicit in this discussion is the premise that both the American and (...)
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  • Toward the development of a multidimensional scale for improving evaluations of business ethics.R. E. Reidenbach & D. P. Robin - 1990 - Journal of Business Ethics 9 (8):639 - 653.
    This study represents an improvement in the ethics scales inventory published in a 1988 Journal of Business Ethics article. The article presents the distillation and validation process whereby the original 33 item inventory was reduced to eight items. These eight items comprise the following ethical dimensions: a moral equity dimension, a relativism dimension, and a contractualism dimension. The multidimensional ethics scale demonstrates significant predictive ability.
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  • Linking management behavior to ethical philosophy.Shane R. Premeaux & R. Wayne Mondy - 1993 - Journal of Business Ethics 12 (5):349 - 357.
    This study investigates current linkages between ethical theory and management behavior. The vignettes used in this investigation represent ethical dilemmas in the areas of coercion and control, conflict of interest, physical environment, and personal integrity. The results indicate that even with the heightened state of ethical awareness that has evolved in recent years the link between ethical philosophy and management behavior remains basically the same as it was in the mid 1980s. Specifically, practitioners still rely almost totally on the utilitarian (...)
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  • Whistleblowing and management accounting: An approach. [REVIEW]Stephen E. Loeb & Suzanne N. Cory - 1989 - Journal of Business Ethics 8 (12):903 - 916.
    In this paper, we consider the licensing of and codes of ethics that affect the accountant not in public accounting, the potential for an accountant not in public accounting encountering an ethical conflict situation, and the moral responsibility of such accountant when faced with an ethical dilemma. We review an approach suggested by the National Association of Accountants for dealing with an ethical conflict situation including that association's position on whistleblowing. We propose another approach based on the work of De (...)
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  • Ethical principles for decision makers: A longitudinal survey. [REVIEW]Phillip V. Lewis - 1989 - Journal of Business Ethics 8 (4):271 - 278.
    This paper is based on a five-year study of the ethical principles considered by executives, middle managers, and students as appropriate guidelines for making decisions. Out of the fourteen principles surveyed, nine seem to be standards that can be applied with no further thought or research required by the decision maker. The other six principles may suggest decisions makers need clearer guidelines as to what to do or what not to do when faced with an ethical dilemma that exists outside (...)
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  • Zimbardo's “stanford prison experiment” and the relevance of social psychology for teaching business ethics.F. Neil Brady & Jeanne M. Logsdon - 1988 - Journal of Business Ethics 7 (9):703 - 710.
    The prevailing pedagogical approach in business ethics generally underestimates or even ignores the powerful influences of situational factors on ethical analysis and decision-making. This is due largely to the predominance of philosophy-oriented teaching materials. Social psychology offers relevant concepts and experiments that can broaden pedagogy to help students understand more fully the influence of situational contexts and role expectations in ethical analysis. Zimbardo's Stanford Prison Experiment is used to illustrate the relevance of social psychology experiments for business ethics instruction.
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  • Positive Economics and the Normativistic Fallacy: Bridging the Two Sides of CSR.Philipp Schreck, Dominik van Aaken & Thomas Donaldson - 2013 - Business Ethics Quarterly 23 (2):297-329.
    ABSTRACT:In response to criticism of empirical or “positive” approaches to corporate social responsibility (CSR), we defend the importance of these approaches for any CSR theory that seeks to have practical impact. Although we acknowledge limitations to positive approaches, we unpack the neglected but crucial relationships between positive knowledge on the one hand and normative knowledge on the other in the implementation of CSR principles. Using the structure of a practical syllogism, we construct a model that displays the key role of (...)
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  • Contesting a Place in the Sun: On Ideologies in Foreign Markets and Liabilities of Origin.Ans Kolk & Louise Curran - 2017 - Journal of Business Ethics 142 (4):697-717.
    This paper explores the role of ideology in attempts to influence public policy and in business representation in the EU–China solar panel anti-dumping dispute. It exposes the dynamics of international activity by emerging-economy multinationals, in this case from China, and their interactions in a developed-country context. Theoretically, the study also sheds light on the recent notion of ‘liability of origin’, in addition to the traditional concept of ‘liability of foreignness’ explored in international business research, in relation to firms’ market and (...)
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  • Irrational Advertising and Moral Autonomy.Alonso Villarán - 2017 - Journal of Business Ethics 144 (3):479-490.
    This article analyzes the four main criticisms against commercial manipulative advertising : the virtue ethics criticism, the utilitarian criticism, the autonomist criticism, and the Kantian criticism. After demonstrating the weaknesses of the virtue ethics criticism, the utilitarian criticism, and the autonomist criticism, I reconstruct the latter using Kant’s conception of autonomy. In doing so, I simultaneously expand the Kantian criticism: irrational advertising not only entails treating humanity merely as means, but it also threatens moral autonomy by encouraging heteronomy and sometimes (...)
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  • Is Whistle-blowing Compatible with Employee Loyalty?Jukka Varelius - 2009 - Journal of Business Ethics 85 (2):263-275.
    Whistle-blowing would appear to involve a conflict between employee loyalty and protection of public interest. Several business ethicists have, however, argued that this conflict is indeed merely apparent. According to the central argument to that effect, when the nature of employee loyalty is understood correctly, it becomes clear that whistle-blowing does not threaten employees' loyalty to their employer. This is because blowing the whistle about one's employer's wrongdoing and being loyal to them serves the same goal, the moral good of (...)
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  • Consumer Social Responsibility : Toward a Multi-Level, Multi-Agent Conceptualization of the “Other CSR”.Robert Caruana & Andreas Chatzidakis - 2014 - Journal of Business Ethics 121 (4):577-592.
    Despite considerable debate as to what corporate social responsibility is, consumer social responsibility, as an important force for CSR :19–45, 2005), is a term that remains largely unexplored and under-theorized. To better conceive the role consumers play in activating CSR, this paper provides a multi-level, multi-agent conceptualization of CnSR. Integrating needs-based models of decision making with justice theory, the article interpretively develops the reasons why variously positioned agents leverage consumers as a force for corporate social responsibility. The paper theoretically expands (...)
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  • In Defense of a Utilitarian Business Ethic.Andrew Gustafson - 2013 - Business and Society Review 118 (3):325-360.
    In this article, I suggest and support a utilitarian approach to business ethics. Utilitarianism is already widely used as a business ethic approach, although it is not well developed in the literature. Utilitarianism provides a guiding framework of decision making rooted in social benefit which helps direct business toward more ethical behavior. It is the basis for much of our discussion regarding the failures of Enron, Worldcom, and even the subprime mess andWallStreetMeltdown. In short, the negative social consequences are constantly (...)
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  • Corporations, profit maximization and the personal sphere.Waheed Hussain - 2012 - Economics and Philosophy 28 (3):311-331.
    The efficiency argument for profit maximization says that corporations and their managers should maximize profits because this is the course of action that will lead to an ‘economically efficient’ or ‘welfare maximizing’ outcome. In this paper, I argue that the fundamental problem with this argument is not that markets in the real world are less than perfect, but rather that the argument does not properly acknowledge the personal sphere. Morality allows each of us a sphere in which we are free (...)
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  • The Normative Foundations of Unethical Supervision in Organizations.Ali F. Ünal, Danielle E. Warren & Chao C. Chen - 2012 - Journal of Business Ethics 107 (1):5-19.
    As research in the areas of unethical and ethical leadership grows, we note the need for more consideration of the normative assumptions in the development of constructs. Here, we focus on a subset of this literature, the “dark side” of supervisory behavior. We assert that, in the absence of a normative grounding, scholars have implicitly adopted different intuitive ethical criteria, which has contributed to confusion regarding unethical and ethical supervisory behaviors as well as the proliferation of overlapping terms and fragmentation (...)
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  • The legal and ethical components of executive decision-making: A course for business managers. [REVIEW]S. Andrew Ostapski, John Oliver & Gaston T. Gonzalez - 1996 - Journal of Business Ethics 15 (5):571 - 579.
    The debate on whether and how to teach business ethics in graduate business programs continues. The authors of this article suggest specific content and processes for a course aimed at giving MBA candidates the awareness, tools, and mental processes necessary to recognize and address ethical issues in decision making. The inclusion of labor law, discrimination issues, consumer protection legislation, securities laws, and an overview of the U.S. Constitution and the Bill of Rights coupled with the development of utilitarian, deontological, and (...)
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  • Perceptions of business purpose and responsibility in the context of radical political and economic development: The case of estonia.Mari Kooskora - 2006 - Business Ethics, the Environment and Responsibility 15 (2):183–199.
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  • The moral basis of stakeholder theory.Kevin Gibson - 2000 - Journal of Business Ethics 26 (3):245 - 257.
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  • Children of a Lesser God? The Vividown Case and Privacy on the Internet.Gianluca Andresani & Natalina Stamile - 2019 - Revista da Faculdade de Direito UFPR 64 (2):141-169.
    In the wake of high profile and recent events of blatant privacy violations, which also raise issues of democratic accountability as well as, at least potentially, undermining the legitimacy of current local and international governance arrangements, a rethinking of the justification of the right to privacy is proposed. In this paper, the case of the violation of the privacy of a bullied autistic youngster and the consequent prosecution of 3 Google executives will be discussed first. We will then analyse the (...)
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  • Moral Pragmatism as a Bridge Between Duty, Utility, and Virtue in Managers’ Ethical Decision-Making.Matej Drašček, Adriana Rejc Buhovac & Dana Mesner Andolšek - 2020 - Journal of Business Ethics 172 (4):803-819.
    The decline of empirical research on ethical decision-making based on ethical theories might imply a tacit consensus has been reached. However, the exclusion of virtue ethics, one of the three main normative ethical theories, from this stream of literature calls this potential consensus into question. This article investigates the role of all three normative ethical theories—deontology, utilitarianism and virtue ethics—in ethical decision-making of corporate executives. It uses virtue ethics as a dependent variable thus studying the interconnectivity of all three normative (...)
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  • Interpreting the Virtues of Mindfulness and Compassion: Contemplative Practices and Virtue-Oriented Business Ethics.Kevin T. Jackson - 2018 - Humanistic Management Journal 3 (1):47-69.
    The article aims to provide a standpoint from which to critically address two broad concerns. The first concern surrounds a naïve view of mindfulness, which takes it as a given that it is a good thing to cultivate mindfulness and attendant qualities like compassion because these virtues are key to improving the quality of life and bettering effective decisionmaking within business. Yet the virtue of mindfulness has roots in religious and spiritual traditions, and the virtue of compassion is complex and (...)
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  • Ethical Leadership and Corporate Social Responsibility in China: A Multilevel Study of Their Effects on Trust and Organizational Citizenship Behavior.Louise Tourigny, Jian Han, Vishwanath V. Baba & Polly Pan - 2019 - Journal of Business Ethics 158 (2):427-440.
    Using multisource data and multilevel analysis, we propose that the ethical stance of supervisors influences subordinates’ perceptions of corporate social responsibility which in turn influences subordinates’ trust in the organization resulting in their taking increased personal social responsibility and engagement in organizational citizenship behaviors oriented toward both the organization and other individuals. Using a multilevel model, we assessed the extent to which ethical leadership and CSR at the work unit level impacts subordinates’ behaviors mediated by organizational trust at the individual (...)
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  • Cross-cultural Comparisons of Managerial Perceptions on Profit.Aster Yong - 2008 - Journal of Business Ethics 82 (4):775-791.
    The study investigated the effects of three cultural variables – country of employment, race/ethnicity and religion – on managerial views of profit and 15 other business priorities. In total, 203 responses were obtained (120 randomly and 83 by quota) from executives and managers belonging to either of two race/ethnic groups (Caucasian and Chinese) and three religious denominations (Christian, Buddhist and Malay Muslim) located in three different countries (Australia, Singapore and Malaysia). Findings indicated that these three different cultural variables affected (to (...)
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  • Pop-Ups, Cookies, and Spam: Toward a Deeper Analysis of the Ethical Significance of Internet Marketing Practices.Daniel E. Palmer - 2005 - Journal of Business Ethics 58 (1-3):271-280.
    While e-commerce has grown rapidly in recent years, some of the practices associated with certain aspects of marketing on the Internet, such as pop-ups, cookies, and spam, have raised concerns on the part of Internet users. In this paper I examine the nature of these practices and what I take to be the underlying source of this concern. I argue that the ethical issues surrounding these Internet marketing techniques move us beyond the traditional treatment of the ethics of marketing and (...)
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  • (2 other versions)Ethical judgment in business: culture and differential perceptions of justice among Italians and Germans.Yvonne Stedham & Rafik I. Beekun - 2013 - Business Ethics 22 (2):189-201.
    This study focuses on the cultural context of ethical decision making by considering the relationship between power distance and ethical judgment. Specifically, we propose that this relationship exists because of the influence of peers on ethical judgment and perceptions of justice. Considering the importance of peers in stage three of Kohlberg's model of moral development, we argue that peers are the basis for social comparisons, social cues and social identification and, hence, are critical to an individual's beliefs about justice. Using (...)
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  • (2 other versions)Business failure in the use of animals: ethical issues and contestations.Kamel Mellahi & Geoffrey Wood - 2005 - Business Ethics 14 (2):151-163.
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  • A Role for Ethics Theory in Speculative Business Ethics Teaching.Mick Fryer - 2016 - Journal of Business Ethics 138 (1):79-90.
    The paper discusses the role that ethics theory might play in business ethics teaching. It is noted that little attention is devoted to the explanation and application of ethics theory in business ethics textbooks, which suggests that ethics theory is held in low esteem by business ethics educators. This relative disregard has been justified by some critics on the basis of the limited usefulness of ethics theory to business ethics pedagogy. Notwithstanding these criticisms, the paper argues that ethics theory can (...)
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  • Ethical Analyses of HRM: A Review and Research Agenda. [REVIEW]Michelle Greenwood - 2013 - Journal of Business Ethics 114 (2):355-366.
    The very idea of human resource management raises ethical considerations: What does it mean to us as humans for human beings to be managed as resources? Intriguingly, the field of ethics and HRM remains underdeveloped. Current approaches to HRM fail to place ethical considerations as their central warrant. This article, building on Greenwood (J Bus Ethics 36(3):261–279, 2002), argues for a deeper analysis of ethical issues in HRM, indeed for a differentiated ethical perspective of HRM that sets normative deliberations as (...)
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  • (1 other version)Managers' moral perceptions: change in Finland during the 1990s.Johanna Kujala - 2004 - Business Ethics, the Environment and Responsibility 13 (2-3):143-165.
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  • Evaluating Ethical Approaches to Crisis Leadership: Insights from Unintentional Harm Research.David C. Bauman - 2011 - Journal of Business Ethics 98 (2):281 - 295.
    Leading a corporation through a crisis requires rational decision making guided by an ethical approach (Snyder et al., Journal of Business Ethics, 63, 2006, 371). Three such approaches are virtue ethics (Seeger and Ulmer, Journal of Business Ethics, 31, 2001, 369), an ethic of justice, and an ethic of care (Simóla, Journal of Business Ethics, 46, 2003, 351). In this article, I consider the effectiveness of these approaches for leading a corporation after a crisis. The standard I use is drawn (...)
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  • Moral climate in business firms: A conceptual framework for analysis and change. [REVIEW]Deborah Vidaver-Cohen - 1998 - Journal of Business Ethics 17 (11):1211-1226.
    This paper introduces a new conceptual framework for studying moral climate in business firms, offering an alternative to other theoretical models currently in the literature. The framework integrates recent advances in organizational climate theory into a new conceptualization of the moral climate construct that explains how moral climates evolve in organizations and suggests moral climate change.
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  • The teaching of business ethics: A survey of AACSB member schools. [REVIEW]Lyle F. Schoenfeldt, Don M. McDonald & Stuart A. Youngblood - 1991 - Journal of Business Ethics 10 (3):237 - 241.
    This report presents the findings of a survey of business ethics education undertaken in the Fall of 1988. The respondents were the deans of colleges and universities associated with the AACSB.Ethics, as a curriculum topic, received significant coverage at over 90 percent of the institutions, with 53 percent indicating interest in increasing coverage of the subject. The tabulations of this survey may prove useful to schools seeking to compare or develop their emphases in business ethics.
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  • (1 other version)Industrial relations, ethics and conscience.Chris Provis - 2005 - Business Ethics, the Environment and Responsibility 15 (1):64–75.
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  • Are deontology and teleology mutually exclusive?James E. Macdonald & Caryn L. Beck-Dudley - 1994 - Journal of Business Ethics 13 (8):615 - 623.
    Current discussions of business ethics usually only consider deontological and utilitarian approaches. What is missing is a discussion of traditional teleology, often referred to as virtue ethics. While deontology and teleology are useful, they both suffer insufficiencies. Traditional teleology, while deontological in many respects, does not object to utilitarian style calculations as long as they are contained within a moral framework that is not utilitarian in its origin. It contains the best of both approaches and can be used to focus (...)
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  • Public relations and corporate social responsibility: Some issues arising. [REVIEW]Jacquie L'Etang - 1994 - Journal of Business Ethics 13 (2):111 - 123.
    The paper questions current assumptions about the benefits of corporate social responsibility and the claims that corporations make on behalf of their corporate social responsibility programmes. In particular, the paper suggests that the use of corporate social responsibility for public relations ends raises moral problems over the motivation of corporations. The paper cautions that the justifications which corporations employ may either be immoral or inaccurate with regard to the empirical evidence gained from a small-scale qualitative study carried out in the (...)
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  • The ethics of the new finance.James O. Horrigan - 1987 - Journal of Business Ethics 6 (2):97 - 110.
    This paper examines the normative ideas flowing from the contemporary theories that make up the New Finance. These theories include the Irrelevance Theorem, Efficient Market Hypothesis, Capital Asset Pricing Model, Options Pricing Model, and Agency Theory. The behavioral consequences that would ensue if everyone took the normative precepts of the New Finance seriously are subjected to a Kantian analysis to determine their ethical implications. It is concluded that the corporate world in the New Finance is a place where the firm (...)
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  • The virtuous organization.Jane Collier - 1995 - Business Ethics, the Environment and Responsibility 4 (3):143–149.
    Can a business be said to demonstrate moral virtues, and does being virtuous mean that it is more likely to behave ethically?
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