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Just business: business ethics in action

New York: Oxford University Press (2000)

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  1. On the Analogy Between Business and Sport: Towards an Aristotelian Response to The Market Failures Approach to Business Ethics.Matthew Sinnicks - 2022 - Journal of Business Ethics 177 (1):49-61.
    This paper explores the notion that business calls for an adversarial ethic, akin to that of sport. On this view, because of their competitive structure, both sport and business call for behaviours that are contrary to ‘ordinary morality’, and yet are ultimately justified because of the goods they facilitate. I develop three objections to this analogy. Firstly, there is an important qualitative difference between harms risked voluntarily and harms risked involuntarily. Secondly, the goods achieved by adversarial relationships in sport go (...)
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  • Business Ethics from the Standpoint of Redemption: Adorno on the Possibility of Good Work.Craig Reeves & Matthew Sinnicks - 2021 - Business Ethics Quarterly 31 (4):500-523.
    Given his view that the modern world is ‘radically evil’, Adorno is an unlikely contributor to business ethics. Despite this, we argue that his work has a number of provocative implications for the field that warrant wider attention. Adorno regards our social world as damaged, unfree, and false and we draw on this critique to outline why the achievement of good work is so rare in contemporary society, focusing in particular on the ethical demands of roles and the ideological nature (...)
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  • Which Duties of Beneficence Should Agents Discharge on Behalf of Principals? A Reflection through Shareholder Primacy.Santiago Mejia - 2021 - Business Ethics Quarterly 31 (3):421-449.
    Scholars who favor shareholder primacy usually claim either that managers should not fulfill corporate duties of beneficence or that, if they are required to fulfill them, they do so by going against their obligations to shareholders. Distinguishing between structurally different types of duties of beneficence and recognizing the full force of the normative demands imposed on managers reveal that this view needs to be qualified. Although it is correct to think that managers, when acting on behalf of shareholders, are not (...)
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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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  • Ethical Thinking in Traditional Italian Economia Aziendale and the Stakeholder Management Theory: The Search for Possible Interactions.Silvana Signori & Gianfranco Rusconi - 2009 - Journal of Business Ethics 89 (S3):303-318.
    Over the last few years, there has been an exaggeratedly widespread and frequently confused use of the concepts of 'stakeholder' and 'corporate social responsibility'. However, some interesting insights of both these notions can be found in traditional European business administration studies. In this article, the Italian view will be examined. In particular, this paper investigates the teachings of some of the historical masters of the Italian "Economia Aziendale", with particular attention to the concept of the azienda, its finalism and its (...)
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  • Justice in compensation: a defense.Jeffrey Moriarty - 2011 - Business Ethics 21 (1):64-76.
    Business ethicists have written much about ethical issues in employment. Except for a handful of articles on the very high pay of chief executive officers and the very low pay of workers in overseas sweatshops, however, little has been written about the ethics of compensation. This is prima facie strange. Workers care about their pay, and they think about it in normative terms. This article's purpose is to consider whether business ethicists' neglect of the normative aspects of compensation is justified. (...)
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  • Egalitarianism and Executive Compensation: A Relational Argument.Pierre-Yves Néron - 2015 - Journal of Business Ethics 132 (1):171-184.
    What, if anything, is wrong with high executive compensation? Is the common “lay reaction” of indignation and moral outrage justified? In this paper, my main goal is to articulate in a more systematic and philosophical manner the egalitarian responses to these questions. In order to do so, I suggest that we take some insights from recent debates on two versions of egalitarianism: a distributive one, according to which no one should be worse off than others because of unfair distributions of (...)
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  • Islam, Responsibility and Business in the Thought of Fethullah Gülen.Simon Robinson - 2015 - Journal of Business Ethics 128 (2):369-381.
    This article examines the contribution of one Islamic scholar, Fetullah Gülen to the debate about the meaning and practice of responsibility. It analyses Gülen’s thinking in terms of three inter-connected modes of responsibility: relational accountability, moral agency and liability. This view of responsibility is contrasted with major western philosophers such as Levinas, Buber and Jonas, Islamic tradition and the major views about corporate responsibility, including stakeholder theory. The role of dialogue in embodying the three modes of responsibility is then analysed. (...)
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  • A Constructivist Approach to Business Ethics.Michael Buckley - 2013 - Journal of Business Ethics 117 (4):695-706.
    A recurrent challenge in applied ethics concerns the development of principles that are both suitably general to cover various cases and sufficiently exact to guide behavior in particular instances. In business ethics, two central approaches—stockholder and stakeholder—often fail by one or the other requirement. The author argues that the failure is precipitated by their reliance upon “universal” theory, which views the justification of principles as both independent of their context of application and universally appropriate to all contexts. The author develops (...)
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  • The Principle of Good Faith: Toward Substantive Stakeholder Engagement.Cedric E. Dawkins - 2014 - Journal of Business Ethics 121 (2):283-295.
    Although stakeholder theory is concerned with stakeholder engagement, substantive operational barometers of engagement are lacking in the literature. This theoretical paper attempts to strengthen the accountability aspect of normative stakeholder theory with a more robust notion of stakeholder engagement derived from the concept of good faith. Specifically, it draws from the labor relations field to argue that altered power dynamics are essential underpinnings of a viable stakeholder engagement mechanism. After describing the tenets of substantive engagement, the paper draws from the (...)
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  • Shareholder Theory and Kant’s ‘Duty of Beneficence’.Samuel Mansell - 2013 - Journal of Business Ethics 117 (3):583-599.
    This article draws on the moral philosophy of Immanuel Kant to explore whether a corporate ‘duty of beneficence’ to non-shareholders is consistent with the orthodox ‘shareholder theory’ of the firm. It examines the ethical framework of Milton Friedman’s argument and asks whether it necessarily rules out the well-being of non-shareholders as a corporate objective. The article examines Kant’s distinction between ‘duties of right’ and ‘duties of virtue’ (the latter including the duty of beneficence) and investigates their consistency with the shareholder (...)
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  • The ownership model of business ethics.David Rodin - 2005 - Metaphilosophy 36 (1‐2):163-181.
    This essay attempts to develop a new theoretical model for business ethics distinct from the two canonical business‐ethics theories, the stakeholder theory and the shareholder value theory. Milton Friedman argued that because managers are agents of the company's owners, their sole moral responsibility is to maximize owner returns. Thomas Pogge has recently suggested that such a view involves a kind of moral incoherence and that we should reject the efficacy of social arrangements like the principal‐agent relationship in altering moral obligations. (...)
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  • CSR in China Research: Salience, Focus and Nature. [REVIEW]Jeremy Moon & Xi Shen - 2010 - Journal of Business Ethics 94 (4):613 - 629.
    This article investigates the development of research in the field of CSR in China. The justification for this is that (i) there is evidence that CSR is emerging as a management practice and management field internationally; (ii) there is a general interest in the distinctiveness or comparability of management and management research in Asia and China; (iii) there is evidence that CSR is growing as a management issue in China; and (iv) yet, the mainsprings of this are very different from (...)
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  • Putting a Stake in Stakeholder Theory.Eric W. Orts & Alan Strudler - 2009 - Journal of Business Ethics 88 (S4):605 - 615.
    The primary appeal of stakeholder theory in business ethics derives from its promise to help solve two large and often morally difficult problems: (1) how to manage people fairly and efficiently and (2) how to determine the extent of a firm's moral responsibilities beyond its obligations to enhance its profits and economic value. This article investigates a variety of conceptual quandaries that stakeholder theory faces in addressing these two general problems. It argues that these quandaries pose intractable obstacles for stakeholder (...)
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  • The Anti-Egoist Perspective in Business Ethics and its Anti-Business Manifestations.Marja K. Svanberg & Carl F. C. Svanberg - 2022 - Philosophy of Management 21 (4):569-596.
    This article identifies the moral premises of contemporary business ethics. After analyzing thirty business ethics texts, the article shows that many business ethicists hold the conventional view that being moral is altruistic. This altruistic perspective logically implies a negative evaluation of self-interest and the profit motive, and business. As a result, the prevailing attitude in mainstream business ethics is that without altruistic restraints businesspeople are inclined to lie, steal, and cheat, not create and earn wealth through honest production and voluntary (...)
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  • Drop Rawls?Claus Dierksmeier - 2021 - Business Ethics, the Environment and Responsibility 31 (1):281-292.
    Business Ethics, the Environment & Responsibility, Volume 31, Issue 1, Page 281-292, January 2022.
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  • Business Ethics.Jeffrey Moriarty - 2016 - Stanford Encyclopedia of Philosophy.
    This article provides an overview of the field of business ethics.
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  • The Nature of Responsibility in a Professional Setting.Simon Robinson - 2009 - Journal of Business Ethics 88 (1):11-19.
    This paper begins by looking at the complex and dynamic nature of responsibility. Based in the interconnected concepts of imputability, accountability and liability it argues that, whilst some elements of responsibility can be determined through role and contract, the broader sense of liability involves a sense of shared responsibility that is ultimately based in the concept of universal responsibility. Such responsibility requires core virtues, not least awareness and integrity, a continued means of negotiating responsibility and ongoing dialogue between the different (...)
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  • Bribery: Australian Managers’ Experiences and Responses When Operating in International Markets.Kerry L. Pedigo & Verena Marshall - 2009 - Journal of Business Ethics 87 (1):59-74.
    Managers seeking to respect local norms when operating in cross-cultural settings may encounter ethical dilemmas when faced with values that potentially conflict with their own. The question of whose ethics or values should be applied or whether a set of universal ethical norms should be developed often confronts managers in their international business dealings. This article explores the findings from a qualitative research study that examines critical ethical dilemmas confronting Australian managers in their international business operations and their responses to (...)
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  • A framework for organizational virtue: the interrelationship of mission, culture and leadership.J. Thomas Whetstone - 2005 - Business Ethics: A European Review 14 (4):367-378.
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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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  • The Inexorable Sociality of Commerce: The Individual and Others in Adam Smith.David Bevan & Patricia Werhane - 2015 - Journal of Business Ethics 127 (2):327-335.
    In this paper we reconsider Adam Smith’s ethics, what he means by self-interest and the role this plays in the famous “invisible hand.” Our efforts focus in part on the misreading of “the invisible hand” by certain economists with a view to legitimizing their neoclassical economic paradigm. Through exegesis and by reference to notions that are developed in Smith’s two major works, we deconstruct Smith’s ideas of conscience, justice, self-interest, and the invisible hand. We amplify Smith’s insistence, through his notions (...)
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  • Ayn Rand's Objectivist Virtues as the Foundation for Morality and Success in Business.Edward W. Younkins - 2012 - Journal of Ayn Rand Studies 12 (2):237-262.
    This article contends that Ayn Rand 's version of virtue ethics can supply a powerful foundation for operating a successful business. Rand 's Objectivist virtues can provide an underpinning for a firm's long-term sustainable success, as well as for the flourishing and happiness of its employees. In order to attain a company's goals, values, and purpose, these virtues need to be integrated with the firm's culture and climate. The Objectivist virtues can supply an integrated framework for employees' decisions and actions. (...)
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  • Gender Issues in Corporate Leadership.Devora Shapiro & Marilea Bramer - 2013 - Handbook of the Philosophical Foundations of Business Ethics:1177-1189.
    Gender greatly impacts access to opportunities, potential, and success in corporate leadership roles. We begin with a general presentation of why such discussion is necessary for basic considerations of justice and fairness in gender equality and how the issues we raise must impact any ethical perspective on gender in the corporate workplace. We continue with a breakdown of the central categories affecting the success of women in corporate leadership roles. The first of these includes gender-influenced behavioral factors, such as the (...)
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  • A framework for organizational virtue: the interrelationship of mission, culture and leadership.J. Thomas Whetstone - 2005 - Business Ethics, the Environment and Responsibility 14 (4):367-378.
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  • Ethical Thinking in Traditional Italian "Economia Aziendale" and the Stakeholder Management Theory: The Search for Possible Interactions.Silvana Signori & Gianfranco Rusconi - 2009 - Journal of Business Ethics 89 (S3):303 - 318.
    Over the last few years, there has been an exaggeratedly widespread and frequently confused use of the concepts of 'stakeholder' and 'corporate social responsibility'. However, some interesting insights of both these notions can be found in traditional European business administration studies. In this article, the Italian view will be examined. In particular, this paper investigates the teachings of some of the historical masters of the Italian "Economia Aziendale" (EA), with particular attention to the concept of the azienda, its finalism and (...)
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  • Business ethics.Alexei Marcoux - 2008 - Stanford Encyclopedia of Philosophy.
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  • Developing, Validating, and Applying a Measure of Human Quality Treatment.Peter McGhee, Jarrod Haar, Kemi Ogunyemi & Patricia Grant - 2022 - Journal of Business Ethics 185 (3):647-663.
    Human Quality Treatment (HQT) is a theoretical approach expressing different ways of dealing with employees within an organization and is embedded in humanistic management tenants of dignity, care, and personal development, seeking to produce morally excellent employees. We build on the theoretical exposition and present a measure of HQT-Scale across several studies including cross-culturally to enhance confidence in our results. Our first study generates the 25 items for the HQT-Scale and provides initial support for the items. We then followed up (...)
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  • Is there Such a Thing as a Good Profit? Taking Conventional Ethics Seriously.Marja K. Svanberg & Carl F. C. Svanberg - 2021 - Philosophia 49 (4):1725-1751.
    This paper will show that if we take conventional ethics seriously, then there is no moral justification for business profits. To show this, we explore three conventional ethical theories, namely Christian ethics, Kantian ethics and Utilitarian ethics. Since they essentially reject self-interest, they also reject the essence of business: the profit motive. To illustrate the relationship, we will concretize how the anti-egoist perspective expresses itself in business and business ethics. In business, we look at what many businesses regard as proof (...)
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  • CEO Pay and the Argument from Peer Comparison.Joakim Sandberg & Alexander Andersson - 2020 - Journal of Business Ethics 175 (4):759-771.
    Chief executive officers (CEOs) are typically paid great amounts of money in wages and bonuses by commercial companies. This is sometimes defended with an argument from peer comparison; roughly that “our” CEO has to be paid in accordance with what other CEOs at comparable companies get. At first glance this seems like a poor excuse for morally outrageous pay schemes and, consequently, the argument has been ignored in the previous philosophical literature. In contrast, however, this article provides a partial defence (...)
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  • African Ubuntu Philosophy and Global Management.David W. Lutz - 2009 - Journal of Business Ethics 84 (S3):313-328.
    In our age of globalization, we need a theory of global management consistent with our common human nature. The place to begin in developing such a theory is the philosophy of traditional cultures. The article focuses on African philosophy and its fruitfulness for contributing to a theory of management consistent with African traditional cultures. It also looks briefly at the Confucian and Platonic-Aristotelian traditions and notes points of agreement with African traditions. It concludes that the needed theory of global management (...)
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  • Bribery: Australian managers' experiences and responses when operating in international markets. [REVIEW]Kerry L. Pedigo & Verena Marshall - 2009 - Journal of Business Ethics 87 (1):59 - 74.
    Managers seeking to respect local norms when operating in cross-cultural settings may encounter ethical dilemmas when faced with values that potentially conflict with their own. The question of whose ethics or values should be applied or whether a set of universal eth- ical norms should be developed often confronts managers in their international business dealings. This article explores the findings from a qualitative research study that examines critical ethical dilemmas confronting Australian managers in their international business operations and their responses (...)
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  • Ethical challenge to businesses: The deeper meaning. [REVIEW]V. Sudhir & P. N. Murthy - 2001 - Journal of Business Ethics 30 (2):197 - 210.
    Today, ethics has become an important dimension for businesses. Broadly, there are two lines of thought on this issue. The first one suggests that ethical issues have to be resolved through development of appropriate ethical standards at personal or organizational level. The second one emphasizes the process of developing ethical standards rather than the standards themselves. This paper argues that the latter line of thought, when taken forward, implies that ethical dimension is essentially challenging businesses to transform themselves and their (...)
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  • Western australian managers tell their stories: Ethical challenges in international business operations. [REVIEW]Margaret McNeil & Kerry Pedigo - 2001 - Journal of Business Ethics 30 (4):305 - 317.
    This paper investigates the ethical challenges facing managers in Western Australia. It identifies the ethical issues that managers confront in international business. Managers in this research have identified a number of significant ethical issues when discussing the ethical incidents that occurred in their international dealings. The research shows a degree of congruence between managers'' experiences and establishes the main ethical dilemmas encountered, how they felt and actions taken when confronted with an ethical dilemma.
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  • The Influence of Business Incentives and Attitudes on Ethics Discourse in the Information Technology Industry.Sanju Ahuja & Jyoti Kumar - 2021 - Philosophy and Technology 34 (4):941-966.
    As information technologies have become synonymous with progress in modern society, several ethical concerns have surfaced about their societal implications. In the past few decades, information technologies have had a value-laden impact on social evolution. However, there is limited agreement on the responsibility of businesses and innovators concerning the ethical aspects of information technologies. There is a need to understand the role of business incentives and attitudes in driving technological progress and to understand how they steer the ethics discourse on (...)
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  • Exploring the Ethical Identity of Islamic Banks via Communication in Annual Reports.Roszaini Haniffa & Mohammad Hudaib - 2007 - Journal of Business Ethics 76 (1):97-116.
    Islamic Banks (IBs) are considered as having ethical identity, since the foundation of their business philosophy is closely tied to religion. In this article, we explore whether any discrepancy exists between the communicated (based on information disclosed in the annual reports) and ideal (disclosure of information deemed vital based on the Islamic ethical business framework) ethical identities and we measure this by what we have termed the Ethical Identity Index (EII). Our longitudinal survey results over a 3-year period indicate the (...)
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  • Ubuntu and Business Ethics: Problems, Perspectives and Prospects.Andrew West - 2014 - Journal of Business Ethics 121 (1):47-61.
    The African philosophy of Ubuntu is typically characterised as a communitarian philosophy that emphasises virtues such as compassion, tolerance and harmony. In recent years there has been growing interest in this philosophy, and in how it can be applied to a variety of disciplines and issues. Several authors have provided useful introductions of Ubuntu in the field of business ethics and suggested theoretical ways in which it could be applied. The purpose of this paper is to extend this discussion by (...)
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  • The Cultural Paradigm of Virtue.Carter Crockett - 2005 - Journal of Business Ethics 62 (2):191-208.
    Social and moral issues in business have drawn attention to a gap between theory and practice and fueled the search for a reconciling perspective. Finding and establishing an alternative remains a critical initiative, but a daunting one. In what follows, the assumptions of two prominent contenders are considered before introducing a third in the form of Aristotle’s ancient theory of virtue. Comparative case studies are used to briefly illustrate the practical implications of each paradigm. In the quest for a better (...)
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  • Ethics Audits and Corporate Governance: The Case of Public Sector Sports Organizations.Michael John McNamee & Scott Fleming - 2007 - Journal of Business Ethics 73 (4):425-437.
    This article presents a theorized and conceptually informed method for the undertaking of an ethics audit organization. At an operational level, the overall integrity of an organization, it is argued, may be evaluated through the application of a conceptual frame-work that embraces the inter-related themes of individual responsibility, social equity and political responsibility. Finally, a method is presented for ethics audit which was developed in the auditing of a national public sector sports organization: sportscotland. This emphasizes the significance of key (...)
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  • Foundations of Responsible Leadership: Asian Versus Western Executive Responsibility Orientations Toward Key Stakeholders.Michael A. Witt & Günter K. Stahl - 2016 - Journal of Business Ethics 136 (3):623-638.
    Exploring the construct of social-responsibility orientation across three Asian and two Western societies, we show evidence that top-level executives in these societies hold fundamentally different beliefs about their responsibilities toward different stakeholders, with concomitant implications for their understanding and enactment of responsible leadership. We further find that these variations are more closely aligned with institutional factors than with cultural variables, suggesting a need to clarify the connection between culture and institutions on the one hand and culture and social-responsibility orientations on (...)
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  • Advisers and the Fiduciary Duty Debate.Gary Douglas Rubin - 2015 - Business and Society Review 120 (4):519-548.
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  • The shadow of Macintyre's manager in the kingdom of conscience constrained.James A. H. S. Hine - 2007 - Business Ethics, the Environment and Responsibility 16 (4):358–371.
    This article addresses the issue of moral compunction among a sample of senior managers set against the background of their routine organizational participation. In considering what factors influence their moral sensibilities these managers were interviewed using an approach designed to elicit their perceptions concerning both the ethical and commercially imperative dimensions of their working lives. The qualitative data resulting from this inquiry, while tentative, indicates the primacy of the normative appeal of shareholder value, conditioned by the exigencies of engagement in (...)
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  • The shadow of MacIntyre's manager in the Kingdom of Conscience constrained.James A. H. S. Hine - 2007 - Business Ethics, the Environment and Responsibility 16 (4):358-371.
    This article addresses the issue of moral compunction among a sample of senior managers set against the background of their routine organizational participation. In considering what factors influence their moral sensibilities these managers were interviewed using an approach designed to elicit their perceptions concerning both the ethical and commercially imperative dimensions of their working lives. The qualitative data resulting from this inquiry, while tentative, indicates the primacy of the normative appeal of shareholder value, conditioned by the exigencies of engagement in (...)
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  • Business and Benevolence: A Cross-disciplinary Intervention.Deonnie G. Moodie & Nayan Mitra - 2021 - Journal of Human Values 27 (1):7-14.
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  • Business Ethics in Africa: The Role of Institutional Context, Social Relevance, and Development Challenges.Ifedapo Adeleye, John Luiz, Judy Muthuri & Kenneth Amaeshi - 2020 - Journal of Business Ethics 161 (4):717-729.
    Business ethics in Africa, as a field of research, practice, and teaching, has grown rapidly over the last two decades or so, covering a wide variety of topical issues, including corporate social responsibility, governance, and social entrepreneurship. Building on this progress, and to further advance the field, this special issue addresses four broad areas that cover important, under-researched or newly emerging phenomena in Africa: culture, ethics and leadership; business, society and institutions; corruption, anti-corruption and governance; and philanthropy, social entrepreneurship and (...)
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