Ethical Hazards: A Motive, Means, and Opportunity Approach to Curbing Corporate Unethical Behavior [Book Review]
David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
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Journal of Business Ethics 107 (3):265-279 (2012)
Scandals in companies such as Enron have been a source of great concern in the last decade. The events that led to a global financial crisis in 2008 have heightened this concern. How does one account for executive behaviors that led to such a crisis? This article argues that a conjunction of motive, means, and opportunity creates ‘an ethical hazard’ making questionable executive decisions more probable. It then suggests that corporate unethical behavior can be minimized by creating a process to identify and remove such ethical hazards, and by appointing an ‘ethical hazards marshal.’
|Keywords||Corporate ethics Incentives Ethical hazards Corporate scandals Financial crisis|
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References found in this work BETA
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Citations of this work BETA
Dirk De Clercq, Dave Bouckenooghe, Usman Raja & Ganna Matsyborska (2013). Unpacking the Goal Congruence–Organizational Deviance Relationship: The Roles of Work Engagement and Emotional Intelligence. [REVIEW] Journal of Business Ethics:1-17.
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