In light of recent managerial oversights such as those connected with the Challenger space shuttle disaster, having executives rely more on their professionals might serve to improve their organization's ethical consciousness. Although the professional record on corporate ethical behavior is by...

In this article, the author introduces the leadership approach known as “leaderful practice,” an alternative to the traditional trait-based approach of individual leadership. Leaderful practice is shown to sustain an ethical infrastructure based on democratic principles. It is democracy not...

We present evidence on the way personal and institutional factors could together guide public company directors in decision-making concerning shareholders and stakeholders. In a sample comprising more than nine hundred directors originating from over fifty countries and serving in firms from...

Using the staggered enactment of state-level constituency statutes as an exogenous shock to corporate social responsibility, we find that directors' information acquisition intensity, measured by the return for their trading of company shares, decreases by 4% after the enactment. Our results are...

The paper titled "The importance of ethics in management decisions" examines key issues and factors that determine the accuracy of managerial ethics, proposed a model for examining the ethical guide management decisions, and outline some ways to improve performance in managerial ethics

A poor ethical culture has been considered one of the reasons for the emergence of many corporate governance scandals. In this paper, I investigate the link between two corporate governance mechanisms – the composition of the board of directors and ownership structure – and ethical culture...

This paper presents a positive theory of corporate social responsibility set in a managerial capitalism context in which managers instead of markets allocate resources, including social expenditures. The theory focuses jointly on the operational management of the firm and on its social...

Companies that are going to thrive must have a soul. Those that are only concerned with “maximizing shareholder wealth” or “maximizing profit” will find themselves going the way Enron went. CEOs will have to lead the revolution and should be the ones exhorting executives to make...

Business elites influence the allocation of resources to a range of causes related to the social good, such as to corporate community or environmental programs. We extend research on executive influence on corporate attention to alternative causes by showing how CEOs’ engagement in two...

Strong forms of the stakeholder model of corporate governance hold that, in making business decisions, directors should consider the interests of all corporate constituencies (employees, customers, suppliers, shareholders, etc.) in such a way that directors may sometimes decide to transfer value...