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  1. How to Deter Financial Misconduct if Crime Pays?Karol Marek Klimczak, Alejo José G. Sison, Maria Prats & Maximilian B. Torres - 2022 - Journal of Business Ethics 179 (1):205-222.
    Financial misconduct has come into the spotlight in recent years, causing market regulators to increase the reach and severity of interventions. We show that at times the economic benefits of illicit financial activity outweigh the costs of litigation. We illustrate our argument with data from the US Securities and Exchanges Commission and a case of investment misconduct. From the neoclassical economic paradigm, which follows utilitarian thinking, it is rational to engage in misconduct. Still, the majority of professionals refrain from misconduct, (...)
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  • The Relationship Between Informal Controls, Ethical Work Climates, and Organizational Performance.Sebastian Goebel & Barbara E. Weißenberger - 2017 - Journal of Business Ethics 141 (3):505-528.
    Due to the frequent occurrence of ethical transgressions and unethical employee behaviors, there has lately been an increasing interest in the ethical foundations of contemporary organizations. However, large-scale comprehensive analyses of organizational ethics are still comparatively limited. Our study contributes to both management control and business ethics literature by empirically examining potential antecedents as well as resulting effects of ethical work climates on organizational-level outcomes. Based on a cross-sectional survey among 295 large- and medium-sized companies, we find that more informal (...)
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  • Corporate Codes of Conduct: The Effects of Code Content and Quality on Ethical Performance. [REVIEW]Patrick M. Erwin - 2011 - Journal of Business Ethics 99 (4):535 - 548.
    Corporate codes of conduct are a practical corporate social responsibility (CSR) instrument commonly used to govern employee behavior and establish a socially responsible organizational culture. The effectiveness of these codes has been widely discussed on theoretical grounds and empirically tested in numerous previous reports that directly compare companies with and without codes of conduct. Empirical research has yielded inconsistent results that may be explained by multiple ancillary factors, including the quality of code content and implementation, which are excluded from analyses (...)
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  • The relationship of ethical decision-making to business ethics and performance in taiwan.Chen-Fong Wu - 2002 - Journal of Business Ethics 35 (3):163-176.
    This paper examines the relationship of ethical decision-making by individuals to corporate business ethics and organizational performance of three groups: SMEs, Outstanding SMEs and Large Enterprises, in order to provide a reference for Taiwanese entrepreneurs to practice better business ethics. The survey method involved random sampling of 132 enterprises within three groups. Some 524 out of 1320 questionnaires were valid. The survey results demonstrated that ethical decision-making by individuals, corporate business ethics and organizational performance are highly related. In summary, then, (...)
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  • Unintended consequences of performance incentives: impacts of framing and structure on performance and cheating.Joshua A. Nagel, Kajal R. Patel, Ethan G. Rothstein & Logan L. Watts - 2021 - Ethics and Behavior 31 (7):498-515.
    ABSTRACT Setting specific, challenging goals motivates employees to exert greater effort in their jobs. However, goal-setting may have unintended consequences of also motivating unethical behavior. The present study explores these consequences in the context of other features of goal-setting in organizations, how goals are framed and rewarded, to determine the tradeoff between performance and ethical behavior. Undergraduate students were incentivized to complete math problems using different outcome frames and incentive structures and were also provided an opportunity to cheat. Findings demonstrate (...)
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  • (2 other versions)International website disclosure of codes of ethics: Auditor-specific and stock-exchange-listing differences.Richard A. Bernardi & Catherine C. LaCross - 2010 - Business Ethics, the Environment and Responsibility 19 (2):113-125.
    This research examines whether having a readily available code of ethics on a corporation's website associates with either their auditor or stock exchange listing. As such, it is the first research that studies the association among readily available codes of ethics, client auditor and stock exchange listing on a longitudinal basis. In our data gathering, we went to the website of each corporation and searched for a readily available disclosure of its code of ethics at the beginning of April 2006 (...)
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  • Ethics on the web: Applying moral decision-making to the new media. [REVIEW]Linda M. Sama & Victoria Shoaf - 2002 - Journal of Business Ethics 36 (1-2):93-103.
    This paper examines the advent of the Web as a critical media tool in the promotion and sale of goods to consumers and the ethical questions it raises that are issues of public policy. We examine four traditional ethical rationales that guide organizational decision-making – utilitarianism, distributive justice, moral rights of man and relativism, further characterized as "ends-based", "equity-based", "rules-based" and "comparison-based" rationales – and we apply them to four moral dilemmas attributed to the proliferation of dot.com companies as they (...)
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  • The Relationship Between Corporate Social Performance and Corporate Financial Performance in the Banking Sector.Maria-Gaia Soana - 2011 - Journal of Business Ethics 104 (1):133-148.
    Since the 1970s, many Anglo-American studies have investigated the theme of corporate social responsibility (CSR) and its costs and benefits. Most studies have tried to test, largely in samples of multiple industries, the relationship between corporate social performance (CSP) and corporate financial performance (CFP). These analyses, however, have produced conflicting results and any attempt to give a generalized and coherent conclusion has proved inadequate. This article examines the ways CSP can be proxied and investigates the possible relationship between CSP (measured (...)
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  • Some Empirical Evidence of Chinese Accounting System and Business Management Practices from an Ethical Perspective.M. Islam & M. Gowing - 2003 - Journal of Business Ethics 42 (4):353 - 378.
    China is moving from a centralized to a market economy to bring about efficiency in its economy and to form a business partnership with the West. With its reform adopting an open-door policy, there may be a need to assure its partners in the western world that appropriate steps would be taken to develop and foster a business culture with which the western countries and the Chinese businesses can work. The present study attempted to find whether there has been a (...)
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  • Commitment to values: Examining the role of ethical and responsible business practices on short and long‐term value.Yiwen Gu, Greg Bell, Abdul A. Rasheed & Sri Beldona - 2024 - Business and Society Review 129 (1):96-129.
    Firms are under increasing pressure from external forces to do what is right and behave ethically. However, we have only a limited understanding of how ethical and responsible business practices impact the value of the firm, both in the short and the long term. In this study, we examine 196 firms that were recognized as the world's most ethical firms from 20 countries over a 14-year span. Results show that ethical behavior may have little effect on a firm's profitability in (...)
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  • The Penalization of Non-Communicating UN Global Compact’s Companies by Investors and Its Implications for This Initiative’s Effectiveness.Estefania Amer - 2018 - Business and Society 57 (2):255-291.
    Companies that have joined the United Nations Global Compact are required to submit a Communication on Progress, which is an environmental, social, and governance report, to the UNGC every year. If they fail to do so, they are marked and listed as non-communicating on the UNGC website. Using the event study methodology, this study shows that a company that fails to report to the UNGC is penalized in the financial markets with an average cumulative abnormal return of −1.6% over a (...)
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  • The Agency Problems Embedded in Firm’s Equity Investment.Yin-Hua Yeh, Tsun-Siou Lee & Pei-Gi Shu - 2008 - Journal of Business Ethics 79 (1-2):151-166.
    We find that agency problems are embedded in firm's excess and abnormal equity investments that are mainly dictated by controlling shareholder's motives and ethical choices manifested in ownership and board structure. The excess equity investment is gauged with respect to industry average. The abnormal equity investment is specifically referred to the number of nominal investment companies that are fully controlled by the controlling owners while subject to little governance. Our empirical evidences of 345 Taiwanese non-financial listed firms show that firm's (...)
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  • (2 other versions)International website disclosure of codes of ethics: auditor-specific and stock-exchange-listing differences.Richard A. Bernardi & Catherine C. LaCross - 2010 - Business Ethics: A European Review 19 (2):113-125.
    This research examines whether having a readily available code of ethics on a corporation's website associates with either their auditor or stock exchange listing. As such, it is the first research that studies the association among readily available codes of ethics, client auditor and stock exchange listing on a longitudinal basis. In our data gathering, we went to the website of each corporation and searched for a readily available disclosure of its code of ethics at the beginning of April 2006 (...)
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  • Does Corporate Social Responsibility Influence Firm Performance of Indian Companies?Supriti Mishra & Damodar Suar - 2010 - Journal of Business Ethics 95 (4):571 - 601.
    This study examines whether corporate social responsibility (CSR) towards primary stakeholders influences the financial and the non-financial performance (NFP) of Indian firms. Perceptual data on CSR and NFP were collected from 150 senior-level Indian managers including CEOs through questionnaire survey.Hard data on financial performance (FP) of the companies were obtained from secondary sources. A questionnaire for assessing CSR was developed with respect to six stakeholder groups - employees, customers, investors, community, natural environment, and suppliers. A composite measure of CSR was (...)
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  • Business Ethics and Financial Reporting Quality: Evidence from Korea. [REVIEW]Tae Hee Choi & Jinhan Pae - 2011 - Journal of Business Ethics 103 (3):403-427.
    This study examines the relationship between corporate commitment to business ethics and financial reporting quality. We posit that companies with a higher level of ethical commitment exhibit better quality financial reporting than those with a lower level of ethical commitment. Consistent with our prediction, we find that companies with a higher level of ethical commitment are engaged in less earnings management, report earnings more conservatively, and predict future cash flows more accurately than those with a lower level of ethical commitment. (...)
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  • When Fairness is Not Enough: Impact of Corporate Ethical Values on Organizational Citizenship Behaviors and Worker Alienation.Dheeraj Sharma - 2018 - Journal of Business Ethics 150 (1):57-68.
    Extant research indicates a positive and significant relationship between corporate ethical values and employees’ job performance. Furthermore, past studies have empirically demonstrated that perceived fairness moderates the influence of corporate ethical values on employee performance. In other words, high congruity between employees’ and an organization’s ethical values will result in superior employee performance outcome. This research aims to develop a broader perspective on the complex relationship between CEV and employee outcomes. The article will first examine the direct influence of CEV (...)
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  • The study of global business ethics of taiwanese enterprises in east asia: Identifying taiwanese enterprises in mainland china, vietnam and indonesia as targets. [REVIEW]Chen-Fong Wu - 2001 - Journal of Business Ethics 33 (2):151 - 165.
    The study explores the traits and influences on global business ethics practiced by Taiwanese enterprises in East Asia in order to provide those enterprises with a ready guide to contemporaneous standards of ethical management overseas and, in particular, in East Asia. The study randomly sampled 1496 Taiwanese enterprises in Mainland China, Vietnam and Indonesia. One questionnaire per enterprise was answered by Taiwanese owners or senior administrators. Some 375 valid responses, or 25% of the sample, were returned. Taiwanese enterprises in East (...)
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  • Corporate social and financial performance: An investigation in the U.k. Supermarket industry. [REVIEW]Geoff Moore - 2001 - Journal of Business Ethics 34 (3-4):299 - 315.
    The comparison of corporate social performance with corporate financial performance has been a popular field of study over the past 25 years. The results, while broadly conclusive of a positive relationship, are not entirely consistent. In addition, most of the previous studies have concentrated on large-scale cross-industry studies and often with a single variable for corporate social performance, in order to produce statistically significant results. This weakens the richness of understanding that might be obtained from a single industry study with (...)
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  • Ethical Commitment, Financial Performance, and Valuation: An Empirical Investigation of Korean Companies.Tae Hee Choi & Jinchul Jung - 2008 - Journal of Business Ethics 81 (2):447-463.
    A variety of stakeholders including investors, corporate managers, customers, suppliers, employees, researchers, and government policy makers have long been interested in the relationship between the financial performance of a corporation and its commitment to business ethics. As a subject of research, the relations between business ethics and corporate valuation has yet to be thoroughly quantified and investigated. This article is an effort to amend this inadequacy by demonstrating a statistically significant association between ethical commitment and corporate valuation measures. Consistent with (...)
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  • Perceived Behavioral Integrity: Relationships with Employee Attitudes, Well-Being, and Absenteeism.David J. Prottas - 2008 - Journal of Business Ethics 81 (2):313-322.
    Relationships between the behavioral integrity of managers as perceived by employees and employee attitudes (job satisfaction and life satisfaction), well-being (stress and health), and behaviors (absenteeism) were tested using data from the 2002 National Study of the Changing Workforce (n = 2,820). Using multivariate and univariate analysis, perceived behavioral integrity (PBI) was positively related to job and life satisfaction and negatively related to stress, poor health, and absenteeism. The effect size for the relationship with job satisfaction was medium-to-large while the (...)
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  • Does Good Governance Matter to Institutional Investors? Evidence from the Enactment of Corporate Governance Guidelines.Armand Picou & Michael J. Rubach - 2006 - Journal of Business Ethics 65 (1):55-67.
    Corporate governance guidelines are a mechanism that a firm can enact which should reduce agency costs and better align the interests of boards and the suppliers of capital. This study examines stock price reactions primarily attributable to institutional investors occurring when corporations announce the enactment of corporate governance guidelines. A final sample of 77 firms was derived from the first announcement of corporate governance guidelines exclusive to the SEC-EDGAR database. The results indicate that good governance does matter. Firms that announced (...)
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  • Implementing an Organizational Ethics Program in an Academic Environment: The Challenges and Opportunities for the Duquesne University Schools of Business.James Weber - 2006 - Journal of Business Ethics 65 (1):23-42.
    This paper acknowledges the paucity of attention regarding the development of ethics programs within an academic environment and describes in a case study how the Duquesne University schools of business attempted to introduce, integrate and promote its own ethics program. The paper traces the business school’s attention to mission statements, curriculum development, ethics policy, program oversight and outcome assessment. Lessons learned are offered as suggestions for others seeking to develop and implement an ethics program in their school.
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  • Corporate Governance, Commitment to Business Ethics, and Firm Valuation: Evidence from the Korean Stock Market. [REVIEW]Jinhan Pae & Tae Hee Choi - 2011 - Journal of Business Ethics 100 (2):323 - 348.
    A variety of stakeholders have long been interested in the factors that are related to firm valuation. This article investigates why companies with more comprehensive corporate governance (CG) have a value premium over companies with less comprehensive CG. We posit and find that the cost of equity capital (COC) decreases with the strength of CG, suggesting that the value premium stems from the lower COC for more comprehensive CG. We also find that the COC is lower for companies with strong (...)
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  • Investigating the Impacts of Organizational Factors on Employees’ Unethical Behavior Within Organization in the Context of Chinese Firms.Xiaolin Lin, Paul F. Clay, Nick Hajli & Majid Dadgar - 2018 - Journal of Business Ethics 150 (3):779-791.
    Unethical behavior is under-examined in the workplace. To date, few studies have attempted to explore the antecedents of an employee’s ethical decisions, particularly with respect to unethical behavior and its effects. To capture an employee’s psychological perception of unethical behavior in the workplace, this paper integrates organizational factors into the Theory of Reasoned Action. By conducting an empirical study in a Chinese firm, we found that codes of conduct and performance pressure have a significant influence on an employee’s attitude toward (...)
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  • The ethical context of entrepreneurship: Proposing and testing a developmental framework. [REVIEW]Michael H. Morris, Minet Schindehutte, John Walton & Jeffrey Allen - 2002 - Journal of Business Ethics 40 (4):331 - 361.
    The aim of this study is to increase our understanding of the ethical climate of entrepreneurial firms as they grow and develop. A developmental framework is introduced to describe the formal and informal ethical structures that emerge in entrepreneurial firms over time. Factors influencing where firms are within the developmental framework are posited, including the entrepreneur's psychological profile, lifecycle stage of the business, and descriptive characteristics of the venture. It is also proposed that the implementation of ethical structures will impact (...)
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