Manuscript Type: Empirical. Research Question/ Issue: Codes of ethics contain a set of rules of conduct and corporate principles concerning the responsibility to stakeholders and shareholders, which help guide corporate and employees’ behavior, and they constitute verifiable elements of social...

The ethical dimension of industrial production has been largely neglected by theorists of production. This article identifies three important features of the production process, i.e. utility, compartmentalization, and independent external end-point; brought about by industrialization in the...

Despite the growing role that business has played in the development of capitalism, the neo-classical paradigm has largely ignored the concept of organization. This paper illustrates the neo-classical concept of the firm and the entrepreneur. Analyzing both, the moral and economic thought of...

Corruption is a well-established research topic which increasingly attracts interest, as attested by a growing body of literature. Nevertheless, disagreements persist not only about how to curve it, but even about its definition, causes and consequences. Such a lack of consensus reflects the...

We analyze the role that corporation plays and could play in anticorruption programs, with the World Bank Governance and Anticorruption (2006-07) report as a base. Using the BPI and CPI and “Doing-Business” databases, its triple strategy —investment climate, ethical practice and...

Improvements in anticorruption have mostly stagnated. We suggest a methodological failure as the main cause: the analysis of corruption as a complex phenomenon has been neglected. We draw on the available literature on corruption to show its complex and systemic character, which includes...

Research Question/ Issue: Codes of ethics contain a set of rules of conduct and corporate principles concerning the responsibility to stakeholders and shareholders, which help guide corporate and employees' behavior, and they constitute verifiable elements of social responsibility. Given the...

Taking into account the global expansion that certain traditional financial practices like hawala have experienced in the last decades, it is undeniable that both cultural diversity and different moral perceptions have become relevant questions in the international financial arena. Consequently,...

Virtue ethics is generally recognized as one of the three major schools of ethics, but is often waylaid by utilitarianism and deontology in business and management literature. Focusing on publications in the Thomson-Reuters Journal of Citation Report between 1980 and 2011, we use EBSCO and ABI...

Milton Friedman famously stated that the only social responsibility of business is to increase its profits, a position now known as the shareholder model of business. Subsequently, the stakeholder model, associated with Edward Freeman, has been widely seen as a heuristically stronger theory of...