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
Lisa Jones Christensen, Ellen Peirce, Laura P. Hartman, W. Michael Hoffman & Jamie Carrier (2007). Ethics, CSR, and Sustainability Education in the Financial Times Top 50 Global Business Schools: Baseline Data and Future Research Directions. [REVIEW] Journal of Business Ethics 73 (4):347 - 368.
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Neal M. Ashkanasy, Carolyn A. Windsor & Linda K. Treviño (2006). Bad Apples in Bad Barrels Revisited: Cognitive Moral Development, Just World Beliefs, Rewards, and Ethical Decision-Making. Business Ethics Quarterly 16 (4):449-474.
Melissa S. Baucus, William I. Norton, David A. Baucus & Sherrie E. Human (2008). Fostering Creativity and Innovation Without Encouraging Unethical Behavior. Journal of Business Ethics 81 (1):97 - 115.
Citations of this work BETA
James S. Ang, Zhiqian Jiang & Chaopeng Wu (forthcoming). Good Apples, Bad Apples: Sorting Among Chinese Companies Traded in the U.S. Journal of Business Ethics.
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 124 (4):1-17.
Majella O'Leary (2015). Work Identification and Responsibility in Moral Breakdown. Business Ethics: A European Review 24 (3):237-251.
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