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  1. Ethical aspects of investor behavior.Pietra Rivoli - 1995 - Journal of Business Ethics 14 (4):265 - 277.
    The neoclassical paradigm assumes that shareholders'' utility is solely a function of their wealth, and prescribes that management should act in a manner consistent with share price maximization. The stakeholder view also assumes that shareholders'' utility derives from wealth, but prescribes that managers must balance the shareholder wealth maximization objective against the rights of other constituencies. Thus, while neoclassicists and stakeholder theorists have different prescriptives for management behavior, their definitions of the shareholders'' interest are consistent — shareholders are self-interested economic (...)
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  • The business responsibility for wealth distribution in a globalized political-economy: Merging moral economics and catholic social teaching. [REVIEW]John Kohls & Sandra L. Christensen - 2002 - Journal of Business Ethics 35 (3):223 - 234.
    If it is accepted that the real marketplace does not necessarily distribute wealth in the manner that the ideal market would have done, and that societal institutions have an obligation to bring the real and ideal market distributions into accord, then it can be argued that economic actors have a responsibility to consider the effects of their activities on the distribution of wealth in society. This paper asserts that businesses have a responsibility to consider the wealth distribution effects of their (...)
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  • The ethical challenge of management buy-outs as a form of privatisation in central and eastern europe.Igor Filatotchev, Ken Starkey & Mike Wright - 1994 - Journal of Business Ethics 13 (7):523 - 532.
    There has been a growing debate about the ethics of management buy-outs (MBOs). One possible criticism of the MBO is that it serves the interests of incumbent management at the expense of shareholders. In this paper we develop the general arguments concerning the ethical aspects of the MBO to include other forms of buy-out beyond going privates and apply the analysis to MBOs as a mode of privatisation in Central and Eastern Europe (CEE). MBOs are justified in this context postperestroika (...)
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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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  • Business ethics in context: Researching with case studies. [REVIEW]Stephen Brigley - 1995 - Journal of Business Ethics 14 (3):219 - 226.
    This paper discusses criticisms of survey research in business ethics as conceptually naive and methodologically unsound. A query is raised about the neglect of case-study methods by business ethics researchers — probably for prudential and ideological reasons. It is argued that the case-study approach is more appropriate to inquiries into the complex, diverse contents and contexts of business ethics. Investigatory case study in particular can do much to rectify the inadequacies of the prevailing positivist paradigm by evolving grounded theoretical questions (...)
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  • Ethical work climate dimensions in a not-for-profit organization: An empirical study. [REVIEW]James Agarwal & David Cruise Malloy - 1999 - Journal of Business Ethics 20 (1):1 - 14.
    This paper is an attempt to address the limited amount of research in the realm of organizational ethical climate in the not-for-profit sector. The paper draws from Victor and Cullen's (1988) theoretical framework which, combines the constructs of cognitive moral development, ethical theory, and locus of analysis. However, as a point of departure from Victor and Cullen's work, the authors propose an alternative methodology to extract ethical climate dimensions based on theoretical considerations. Using the Ethical Climate Questionnaire (ECQ), an exploratory (...)
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