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  1. Market Failures and Moral Failures: A Dilemma.Olof Leffler - 2024 - Public Affairs Quarterly 38 (2):153-171.
    I present a dilemma for the market failures approach to business ethics. On an orthodox interpretation, it takes moral requirements for businesses to require them not to profit from market failures to approximate Pareto efficiency. On a moralized interpretation, it also incorporates other considerations. However, the orthodox approach is extensionally inadequate, for it is legitimate to profit from many of the allegedly ruled-out market failures. The moralized approach does better but fails to be sufficiently comprehensive. First, it has not been (...)
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  • Exploring the role of self-awareness, self-integrity, self-regulation, and ethics education in the student’s ethics compliance: evidence from Indonesia.Blasius Erik Sibarani - forthcoming - International Journal of Ethics Education:1-23.
    This study aims to investigate the influence of self-awareness on students’ ethical compliance, examine the impact of self-integrity on students’ ethical compliance, explore the effect of self-regulation on students’ ethical compliance, and analyze the influence of ethics education on students’ ethical compliance. Additionally, the research investigates whether ethics education taught in schools or universities has a greater impact compared to an individual’s personality on students’ ethical compliance. The population in this study comprises students in Indonesia. Data collection involves distributing questionnaires (...)
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  • A Lie Is a Lie: The Ethics of Lying in Business Negotiations.Charles N. C. Sherwood - 2022 - Business Ethics Quarterly 32 (4):604-634.
    I argue that lying in business negotiations is pro tanto wrong and no less wrong than lying in other contexts. First, I assert that lying in general is pro tanto wrong. Then, I examine and refute five arguments to the effect that lying in a business context is less wrong than lying in other contexts. The common thought behind these arguments—based on consent, self-defence, the “greater good,” fiduciary duty, and practicality—is that the particular circumstances which are characteristic of business negotiations (...)
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  • What’s the Point of Efficiency? On Heath’s Market Failures Approach.Richard Endörfer & Louis Larue - 2024 - Business Ethics Quarterly 34 (1):35 - 59.
    This article reviews and criticizes Joseph Heath’s market failures approach (MFA) to business ethics. Our criticism is organized into three sections. First, we argue that, even under the ideal assumptions of perfect competition, when markets generate Pareto-efficient distributions, Heath’s approach does not rule out significant harms. Second, we show that, under nonideal conditions, the MFA is either too demanding, if efficiency is to be attained, or not sufficiently demanding, if the goal of Pareto efficiency is abandoned. Finally, we argue that (...)
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  • Rank Has Its Privileges: Explaining Why Laboratory Safety Is a Persistent Challenge.Gokce Basbug, Ayn Cavicchi & Susan S. Silbey - 2023 - Journal of Business Ethics 184 (3):571-587.
    Environmental, health, and safety management systems have become common in research settings to improve laboratory safety through systematic observation and self-regulation. However, there is scant empirical evidence assessing whether these surveillance and inspection systems meet their intended objectives. Using data from safety inspections in research laboratories at a large university, we investigate whether conducting inspections, and recording and reporting findings back to the formally responsible actors (i.e., principal investigator scientists) lead to the improvement of regulatory compliance. Our analyses identify a (...)
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  • Artificial intelligence ethics has a black box problem.Jean-Christophe Bélisle-Pipon, Erica Monteferrante, Marie-Christine Roy & Vincent Couture - 2023 - AI and Society 38 (4):1507-1522.
    It has become a truism that the ethics of artificial intelligence (AI) is necessary and must help guide technological developments. Numerous ethical guidelines have emerged from academia, industry, government and civil society in recent years. While they provide a basis for discussion on appropriate regulation of AI, it is not always clear how these ethical guidelines were developed, and by whom. Using content analysis, we surveyed a sample of the major documents (_n_ = 47) and analyzed the accessible information regarding (...)
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  • Crisis Prices: The Ethics of Market Controls during a Global Pandemic.Kobi Finestone & Ewan Kingston - 2022 - Business Ethics Quarterly 32 (1):12-40.
    SARS-CoV-2 has unleashed an unprecedented global crisis that has caused the demand for essential goods, such as medical and sanitation products, to soar while simultaneously disrupting the very supply chains that allow individuals and institutions to obtain those essential goods. This has resulted in stark price increases and accusations of price gouging. We survey the existing philosophical literature that examines price gouging and identify the key arguments for regulators permitting such behavior and for regulators restricting such behavior. We demonstrate how (...)
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  • A Janus-faced food industry? : ethical reflections on corporate responsibility for health.Tjidde Tempels - 2019 - Dissertation, Wageningen University and Research
    Food-related non-communicable diseases such as obesity, type 2 diabetes and cardiovascular diseases are key threats to public health. Yet, the responsibility for food-related health harms is contested. While traditionally viewed as mainly an individual responsibility or a governmental responsibility, fingers are nowadays also pointed at the food and beverage industry, as many firms are producing and marketing unhealthy products that contribute to the rise of obesity and other food-related NCDs. Yet, does the behaviour of the industry and the impact its (...)
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  • (1 other version)Food Vendor Beware! On Ordinary Morality and Unhealthy Marketing.Tjidde Tempels, Vincent Blok & Marcel Verweij - 2019 - Food Ethics 5 (1):1-21.
    Food and beverage firms are frequently criticised for their impact on the spread of non-communicable diseases like obesity and diabetes type 2. In this article we explore under what conditions the sales and marketing of unhealthy food and beverage products is irresponsible. Starting from the notion of ordinary morality we argue that firms have a duty to respect people’s autonomy and adhere to the principle of non-maleficence in both market and non-market environments. We show how these considerations are relevant when (...)
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  • Pay Secrecy, Discrimination, and Autonomy.Matthew Caulfield - 2020 - Journal of Business Ethics 171 (2):399-420.
    A question facing nearly all private firms is whether they may keep employee pay secret. Many think it is obvious that firms are obligated to disclose a good deal of pay information once we properly appreciate the severity of pay discrimination in our economy and the autonomy-related interests that would be served by pay disclosure. This article puts forth a dissenting voice against the vast majority of recent commentary. It exploits a fissure between reasons we have to support certain coercive (...)
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  • On the Origin, Content, and Relevance of the Market Failures Approach.Jeffrey Moriarty - 2020 - Journal of Business Ethics 165 (1):113-124.
    The view of business ethics that Christopher McMahon calls the “implicit morality of the market” and Joseph Heath calls the “market failures approach” has received a significant amount of recent attention. The idea of this view is that we can derive an ethics for market participants by thinking about the “point” of market activity, and asking what the world would have to be like for this point to be realized. While this view has been much-discussed, it is still not well-understood. (...)
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  • The Implicit Morality of the Market and Joseph Heath’s Market Failures Approach to Business Ethics.Marc A. Cohen & Dean Peterson - 2019 - Journal of Business Ethics 159 (1):75-88.
    Joseph Heath defends competitive markets and conceptualizes business ethics with reference to Pareto efficiency, which he takes to be the “implicit morality of the market.” His justification for markets is that they generate Pareto efficient outcomes, meaning that markets optimally satisfy consumer preferences. And, for Heath, business ethics is the set of normative constraints—regulation and beyond-compliance norms—needed to preserve that outcome. The present paper accepts Heath’s claim that the economic justification for markets is ethical, in that satisfying consumer preferences is (...)
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  • The Inapplicability of the Market-Failures Approach in a Non-Ideal World.Etye Steinberg - 2017 - Business Ethics Journal Review 5 (5):28-34.
    Joseph Heath (2014) argues that the contribution of competitive markets to Pareto-efficiency generates moral constraints that apply to business managers. Heath argues that ethical behavior on the part of management consists in avoiding profit-seeking strategies which, under conditions of perfect competition, would decrease Pareto-efficiency. I argue that because (1) such conditions do not obtain; and (2) the most efficient result – under imperfect conditions – is not achieved by satisfying the largest possible set of the remaining conditions; it is (3) (...)
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  • When will a Darwinian approach be useful for the study of society?Samuel Bagg - 2017 - Politics, Philosophy and Economics 16 (3):259-281.
    In recent years, some have claimed that a Darwinian perspective will revolutionize the study of human society and culture. This project is viewed with disdain and suspicion, on the other hand, by many practicing social scientists. This article seeks to clear the air in this heated debate by dissociating two claims that are too often assumed to be inseparable. The first is the ‘ontological’ claim that Darwinian principles apply, at some level of abstraction, to human society and culture. The second (...)
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  • Professionalism, Agency, and Market Failures.Hasko von Kriegstein - 2016 - Business Ethics Quarterly 26 (4):445-464.
    According to the Market Failures Approach to business ethics, beyond-compliance duties can be derived by employing the same rationale and arguments that justify state regulation of economic conduct. Very roughly the idea is that managers have a duty to behave as if they were complying with an ideal regulatory regime ensuring Pareto-optimal market outcomes. Proponents of the approach argue that managers have a professional duty not to undermine the institutional setting that defines their role, namely the competitive market. This answer (...)
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  • Rawls on Markets and Corporate Governance.Wayne Norman - 2015 - Business Ethics Quarterly 25 (1):29-64.
    ABSTRACT:Like most egalitarian political philosophers, John Rawls believes that a just society will rely on markets and business firms for much of its economic activity—despite acknowledging that market systems will tend to create very unequal distributions of goods, opportunities, power, and status. Rawls himself remains one of the few contemporary political philosophers to explore at any length the way an egalitarian theory of justice might deal with fundamental options in political economy. This article examines his arguments and conclusions on these (...)
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  • Corporate Accountability. Not Moral Responsibility.David Rönnegard - 2024 - Journal of Human Values 30 (1):32-37.
    The aim of this article is to briefly spell out why corporate moral agency is a fallacy and to show how this conclusion should shift the field of business ethics more in the direction of political philosophy and the rule of law. An argument based on a false assumption can be valid, but it cannot be sound. If corporate moral agency is a fallacy, and thus also moral prescriptions for corporations, how do we salvage the field of business ethics? To (...)
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  • The corporation's governmental provenance and its significance.Abraham A. Singer - 2019 - Economics and Philosophy 35 (2):283-306.
    :Corporations cannot exist, scholars rightly note, without being constituted by government. However, many take a further step, claiming that corporations are normatively distinct from other market actors because of this governmental provenance. They are mistaken. Like corporations, markets and contracts also require government for their creation. Governmental provenance does not distinguish corporations normatively because our coercive social institutions are pro tanto justified in re-arranging both corporate and non-corporate market activities on behalf of social and political values. The corporation is distinct (...)
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  • Against Paretianism: A Wealth Creation Approach to Business Ethics.Carson Young - 2022 - Business Ethics Quarterly 32 (3):475-501.
    How should we distinguish between ethical and unethical ways of pursuing profit in a market? The market failures approach (MFA) to business ethics purports to provide an answer to this question. I argue that it fails to do so. The source of this failure is the MFA’s reliance on Pareto efficiency as a core ethical principle. Many ethically “preferred” tactics for seeking profit cannot be justified by appeal to Pareto efficiency. One important reason for this is that Pareto efficiency, as (...)
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  • Are Business Ethics Effective? A Market Failures Approach to Impact Investing.Rodney Schmidt - 2023 - Journal of Business Ethics 184 (2):505-524.
    We evaluate the effectiveness of impact investing from the perspective of the market failures approach (MFA) to business ethics. Under the MFA, businesses are ethically obligated to contribute to market efficiency by mitigating market failures. The MFA ethics literature emphasizes a negative externality interpretation of market failures, with ethical practice as self-regulation. We argue that the MFA also obligates businesses, and investors, to produce positive externalities, a form of private provision of public goods. We develop a graphical MFA ethical framework (...)
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  • Recovering the Logic of Double Effect for Business: Intentions, Proportionality, and Impermissible Harms.Rosemarie Monge & Nien-hê Hsieh - 2020 - Business Ethics Quarterly 30 (3):361-387.
    ABSTRACTBusiness actors often act in ways that may harm other parties. While the law aims to restrict harmful behavior and to provide remedies, legal systems do not anticipate all contingencies and legal regulations are not always well-enforced. This article argues that the logic of double effect, which has been developed and deployed in other areas of practical ethics, can be useful in helping business actors decide whether or not to pursue potentially harmful activities in commonplace business activity. The article illustrates (...)
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  • Rawlsian Institutionalism and Business Ethics: Does It Matter Whether Corporations Are Part of the Basic Structure of Society?Brian Berkey - 2021 - Business Ethics Quarterly 31 (2):179-209.
    In this article, I aim to clarify some key issues in the ongoing debate about the relationship between Rawlsian political philosophy and business ethics. First, I discuss precisely what we ought to be asking when we consider whether corporations are part of the “basic structure of society.” I suggest that the relevant questions have been mischaracterized in much of the existing debate, and that some key distinctions have been overlooked. I then argue that although Rawlsian theory’s potential implications for business (...)
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  • (1 other version)Correction to: Food Vendor Beware! On Ordinary Morality and Unhealthy Marketing.Marcel Verweij, Vincent Blok & Tjidde Tempels - 2019 - Food Ethics 5 (1-2):1-21.
    The title of the article in the initial online publication was mixed up with copy editing information. The original article has been corrected.
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  • Big Data and Personalized Pricing.Etye Steinberg - 2019 - Business Ethics Quarterly 30 (1):97-117.
    ABSTRACT:Technological advances introduce the possibility that, in the future, firms will be able to use big-data analysis to discover and offer consumers their individual reservation price. This can generate some interesting benefits, such as a better state of affairs in terms of equality of both welfare and resources, as well as increased social welfare. However, these benefits are countered by considerations of relational equality. This article takes up the market-failures approach as its basis to demonstrate what is wrong with using (...)
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  • Stakeholder Dialogue as Agonistic Deliberation: Exploring the Role of Conflict and Self-Interest in Business-NGO Interaction.Teunis Brand, Vincent Blok & Marcel Verweij - 2020 - Business Ethics Quarterly 30 (1):3-30.
    ABSTRACT:Many companies engage in dialogue with nongovernmental organizations about societal issues. The question is what a regulative ideal for such dialogues should be. In the literature on corporate social responsibility, the Habermasian notion of communicative action is often presented as a regulative ideal for stakeholder dialogue, implying that actors should aim at consensus and set strategic considerations aside. In this article, we argue that in many cases, communicative action is not a suitable regulative ideal for dialogue between companies and NGOs. (...)
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  • Weeding Out Flawed Versions of Shareholder Primacy: A Reflection on the Moral Obligations That Carry Over from Principals to Agents.Santiago Mejia - 2019 - Business Ethics Quarterly 29 (4):519-544.
    ABSTRACT:The distinction between what I call nonelective obligations and discretionary obligations, a distinction that focuses on one particular thread of the distinction between perfect and imperfect duties, helps us to identify the obligations that carry over from principals to agents. Clarity on this issue is necessary to identify the moral obligations within “shareholder primacy”, which conceives of managers as agents of shareholders. My main claim is that the principal-agent relation requires agents to fulfill nonelective obligations, but it does not always (...)
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  • State Power: Rethinking the Role of the State in Political Corporate Social Responsibility.Judith Schrempf-Stirling - 2018 - Journal of Business Ethics 150 (1):1-14.
    Key accomplishments of political corporate social responsibility scholarship have been the identification of global governance gaps and a proposal how to tackle them. Political CSR scholarship assumes that the traditional roles of state and business have eroded, with states losing power and business gaining power in a globalized world. Consequently, the future of CSR lies in political CSR with new global governance forms which are organized by mainly non-state actors. The objective of the paper is to deepen our understanding of (...)
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  • Justice Failure: Efficiency and Equality in Business Ethics.Abraham Singer - 2018 - Journal of Business Ethics 149 (1):97-115.
    This paper offers the concept of “justice failure,” as a counterpart to the familiar idea of market failure, in order to better understand managers’ ethical obligations. This paper takes the “market failures approach” to business ethics as its point of departure. The success of the MFA, I argue, lies in its close proximity with economic theory, particularly in the idea that, within a larger scheme of social cooperation, markets ought to pursue efficiency and leave the pursuit of equality to the (...)
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  • The Responsibilities and Role of Business in Relation to Society: Back to Basics?Nien-hê Hsieh - 2017 - Business Ethics Quarterly 27 (2):293-314.
    ABSTRACT:In this address, I outline a “back to basics” approach to specifying the responsibilities and role of business in relation to society. Three “basics” comprise the approach. The first is arguing that basic principles of ordinary morality, such as a duty not to harm, provide an adequate basis for specifying the responsibilities of business managers. The second is framing the role of business in society by looking to the values realized by the basic building blocks of contemporary economic activity, i.e., (...)
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  • Capitalism, Corporations and the Social Contract: A Critique of Stakeholder Theory, by Samuel Mansell. Cambridge: Cambridge University Press, 2013. 198 pp. ISBN: 9781107015524. [REVIEW]Pierre-Yves Néron - 2015 - Business Ethics Quarterly 25 (3):393-396.
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  • Is There ‘a Point’ to Markets? A Response to Martin.Wayne Norman - 2014 - Business Ethics Journal Review:22-28.
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  • Responsible Innovation in Business: A critical reflection on deliberative engagement as a central governance mechanism.T. Brand & Vincent Blok - 2019 - Journal of Responsible Innovation 1 (6):4-24.
    One of the main contentions of the framework for Responsible Innovation (RI) is that social and ethical aspects have to be addressed by deliberative engagement with stakeholders and the wider public throughout the innovation process. The aim of this article is to reflect on the question to what extent is deliberative engagement suitable for conducting RI in business. We discuss several tensions that arise when this framework is applied in the business context. Further, we analyse the place of deliberative engagement (...)
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  • Food for deliberation : philosophical reflections on responsible innovation in the business context.Teunis Brand - 2020 - Dissertation, Wageningen University and Research
    In our time, innovation is considered an important way to address societal problems. That we expect so much from innovation to solve the challenges of our time, makes the question what could count as ‘responsible innovation’ more pressing. And that is what this thesis is about. The aim of this thesis is to offer philosophical reflections on responsible innovation in the business context. Since that is still a quite broad topic, the main title suggests its further focus: deliberation and food. (...)
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  • Democratic Governance and the Ethics of Market Compliance.David Silver - 2020 - Journal of Business Ethics 173 (3):525-537.
    The “question of reasonable compliance” concerns how business firms should comply with morally reasonable laws that have been democratically enacted. This article argues that, out of respect for the governing authority of democratic citizens, firms should comply with the law in accordance with legislators’ normative expectations of compliance. It defends this view against arguments from the legal, economic and business ethics literatures that focus on the contentious nature of democracy and the competitive nature of the market. In response this article (...)
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  • Rethinking the Very Idea of Egalitarian Markets and Corporations: Why Relationships Might Matter More than Distribution.Pierre-Yves Néron - 2015 - Business Ethics Quarterly 25 (1):93-124.
    ABSTRACT: What kinds of markets, market regulations, and business organizations are compatible with contemporary egalitarian theories of justice? This article argues that any thoughtful answer to this question will have to draw on recent developments in political philosophy that are concerned not only with the equality of the distribution of core goods but also with the requirements for equality of status, voice, and so on, in the relations between individuals and within organizations. The dominance of theories of distributive justice in (...)
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  • Civil Governance in Work and Employment Relations: How Civil Society Organizations Contribute to Systems of Labour Governance.Steve Williams, Brian Abbott & Edmund Heery - 2017 - Journal of Business Ethics 144 (1):103-119.
    Civil society organizations attempt to induce corporations to behave in more socially responsible ways, with a view to raising labour standards. A broader way of conceptualizing their efforts to influence the policies and practices of employers is desirable, one centred upon the concept of civil governance. This recognizes that CSOs not only attempt to shape the behaviour of employers through the forging of direct, collaborative relationships, but also try to do so indirectly, with interactions of various kinds with the state (...)
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  • Fences as Controls to Reduce Accountants’ Rationalization.Alan Reinstein & Eileen Z. Taylor - 2017 - Journal of Business Ethics 141 (3):477-488.
    Occupational fraud frequently involves the direct or indirect participation of professional accountants. To reduce fraud, companies often focus on the incentive/pressure and opportunity legs of the fraud triangle, perhaps believing that rationalization is beyond their control. We argue that rationalization reduction is necessary to minimize occupational fraud. We propose that educators and PA consider incorporating fences as controls to reduce rationalization. Because they focus on compliance and risk avoidance and are non-negotiable, fences appeal to accountant’s Myers Briggs personalities and conventional (...)
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  • The Unification Challenge.Dominic Martin - 2013 - Business Ethics Journal Review 1 (5):28-36.
    Wayne Norman argues that there should be more similarity or unity between the justifications for markets and the extra-legal norms that apply to market agents. I question two aspects of his claim. First, why does Norman refer to this view as a view about the self-regulation of market agents? Agents could self-regulate with many different norms, not necessarily norms informed by the justifications for markets. Second, asking for more similarity might create problems in terms of the liberty of market agents (...)
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  • AI, Radical Ignorance, and the Institutional Approach to Consent.Etye Steinberg - 2024 - Philosophy and Technology 37 (3):1-26.
    More and more, we face AI-based products and services. Using these services often requires our explicit consent, e.g., by agreeing to the services’ Terms and Conditions clause. Current advances introduce the ability of AI to evolve and change its own modus operandi over time in such a way that we cannot know, at the moment of consent, what it is in the future to which we are now agreeing. Therefore, informed consent is impossible regarding certain kinds of AI. Call this (...)
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  • Deliberative Democracy and Corporate Constitutionalism: Considering Corporate Constitutional Courts.Sandrine Blanc - 2023 - Journal of Business Ethics 188 (1):1-15.
    Committees multiply in firms, whether stakeholder boards or committees, multi-stakeholder initiatives, ethics committees, or oversight boards. These arrangements aim to organise and legitimise the social and political activities of corporations. This article raises the question of the appropriate form of such governance structures. The examples above illustrate three possible ways of legitimising corporate quasi-public social and political activities: deliberation within the company, deliberation outside, and an approach we label _corporate constitutionalism_. While the first two models have been tested in practice (...)
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  • Dispute Resolution as an Ethical Phantasm.Bart Jansen - 2021 - Philosophy of Management 20 (3):293-306.
    Alternative dispute resolution (ADR) is a collective noun for all kinds of alternative methods to formal dispute resolution. Business ethics attempts to theorize the different forms of normative coordination of corporate acts that remain within the lifeworld and outside the formal sphere of the legal system. In this context, business ethics could offer a positive approach to ADR, as ADR would be an effective, practical form of casuistry ethics. In this manner, concrete conflicts of interest and disagreements between economic actors (...)
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  • Decent Work: The Moral Status of Labor in Human Resource Management.Miguel Alzola - 2018 - Journal of Business Ethics 147 (4):835-853.
    In this paper, I aim to critically examine a set of assumptions that pervades human resource management and HR practices. I shall argue that they experience a remarkable ethics deficit, explain why this is so, and explore how the UN Global Compact labor principles may help taking ethics seriously in HRM. This paper contributes to the understanding and critical examination of the undisclosed beliefs underlying theory and practice in human resource management and to the examination of how the UN Global (...)
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  • Rethinking the Ethics of Corporate Political Activities in a Post-Citizens United Era: Political Equality, Corporate Citizenship, and Market Failures.Pierre-Yves Néron - 2016 - Journal of Business Ethics 136 (4):715-728.
    The aim of this paper is to provide some insights for a normative theory of corporate political activities. Such a theory aims to provide theoretical tools to investigate the legitimacy of corporate political involvement and allows us to determine which political activities and relations with government regulators are appropriate or inappropriate, permissible or impermissible, obligatory or forbidden for corporations. After having explored what I call the “normative presumption of legitimacy” of CPAs, this paper identifies three different plausible strategies to criticize (...)
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  • The Dawn of the AI Robots: Towards a New Framework of AI Robot Accountability.Zsófia Tóth, Robert Caruana, Thorsten Gruber & Claudia Loebbecke - 2022 - Journal of Business Ethics 178 (4):895-916.
    Business, management, and business ethics literature pay little attention to the topic of AI robots. The broad spectrum of potential ethical issues pertains to using driverless cars, AI robots in care homes, and in the military, such as Lethal Autonomous Weapon Systems. However, there is a scarcity of in-depth theoretical, methodological, or empirical studies that address these ethical issues, for instance, the impact of morality and where accountability resides in AI robots’ use. To address this dearth, this study offers a (...)
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  • Navigating Our Way Between Market and State.Jeffery Smith - 2019 - Business Ethics Quarterly 29 (1):127-141.
    ABSTRACT:In this address I argue that different perspectives on the normative foundations of corporate responsibility reflect underlying disagreements about the ideal arrangement of tasks between market and state. I initially recommend that scholars look back to the “division of moral labor” inspired by John Rawls’ seminal work on distributive justice in order to rethink why, and to what extent, corporations take on responsibilities normally within the purview of government. I then examine how this notion is related to recent theoretical work (...)
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  • Efficiency and Ethically Responsible Management.Jeffery Smith - 2018 - Journal of Business Ethics 150 (3):603-618.
    One common justification for the pursuit of profit by business firms within a market economy is that profit is not an end in itself but a means to more efficiently produce and allocate resources. Profit, in short, is a mechanism that serves the market’s purpose of producing Pareto superior outcomes for society. This discussion examines whether such a justification, if correct, requires business managers to remain attentive to how their firm’s operation impacts the market’s purpose. In particular, it is argued (...)
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  • Corporate responsibility and the plurality of market aims.Jeffery Smith - 2019 - Business and Society Review 124 (2):183-199.
    A number of recent authors, most notably Joseph Heath, have persausively defended a market‐centered account of corporate responsibility that grounds standards of business conduct upon the normative presuppositions of the market. They have us focus on two important items: first, the value of welfare, or Pareto efficient outcomes, which underwrites the legitimacy of market arrangements; and second, the behavioral requirements needed to assure that corporations conduct business in a manner consistent with this value. This article critically examines the aspirations of (...)
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  • Beyond market, firm, and state: Mapping the ethics of global value chains.Abraham A. Singer & Hamish van der Ven - 2019 - Business and Society Review 124 (3):325-343.
    The growth of global value chains (GVCs) and the emergence of novel forms of value chain governance pose two questions for normative business ethics. First, how should we conceptualize the relationships between members of a GVC? Second, what ethical implications follow from these relationships, both with respect to interactions between GVC members and with respect to achieving broader transnational governance goals? We address these questions by examining the emergence of transnational eco-labeling as an increasingly prominent form of GVC governance that (...)
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  • Beyond market, firm, and state: Mapping the ethics of global value chains.Abraham A. Singer & Hamish Ven - 2019 - Business and Society Review 124 (3):325-343.
    The growth of global value chains (GVCs) and the emergence of novel forms of value chain governance pose two questions for normative business ethics. First, how should we conceptualize the relationships between members of a GVC? Second, what ethical implications follow from these relationships, both with respect to interactions between GVC members and with respect to achieving broader transnational governance goals? We address these questions by examining the emergence of transnational eco‐labeling as an increasingly prominent form of GVC governance that (...)
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  • Role of collective and personal virtues in corporate citizenship and business success: a mixed method approach.Jayalakshmy Ramachandran, Geetha Subramaniam, Angelina Seow Voon Yee & Vanitha Ponnusamy - 2022 - Asian Journal of Business Ethics 11 (1):55-83.
    Organisational leaders mismanaging business affairs are guided by performance pressures and/or greed while pressurising employees to follow. Unethical activities have led to stakeholder losses, with no accountability by individuals perpetuating the fraud. Corporate governance frameworks and subsequent reforms have been used merely as tick box measures, proving them inefficient in numerous corporate collapses. This study intends to explore and analyse the roles of personal and collective virtues in corporate citizenship. Developing from the virtues theory and using a mixed method of (...)
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