Corporate directors and social responsibility: Ethics versus shareholder value
Journal of Business Ethics 73 (3):319 - 331 (2007)
| Abstract | This paper reports on the results of an experiment conducted with experienced corporate directors. The study findings indicate that directors employ prospective rationality cognition, and they sometimes make decisions that emphasize legal defensibility at the expense of personal ethics and social responsibility. Directors recognize the ethical and social implications of their decisions, but they believe that current corporate law requires them to pursue legal courses of action that maximize shareholder value. The results suggest that additional ethics education will have little influence on the decisions of many business leaders because their decisions are driven by corporate law, rather than personal ethics. | |||||||||
| Keywords | No keywords specified (fix it) | |||||||||
| Categories | ||||||||||
| Options |
|
|||||||||
Download options| PhilPapers Archive |
Upload a copy of this paper Check publisher's policy on self-archival Papers currently archived: 5,709 |
| External links |
 |
| Through your library | Configure |
Similar books and articlesJia Wang & H. Dudley Dewhirst (1992). Boards of Directors and Stakeholder Orientation. Journal of Business Ethics 11 (2):115 - 123.
Coral B. Ingley (2008). Company Growth and Board Attitudes to Corporate Social Responsibility. International Journal of Business Governance and Ethics 4 (1):17-39.
Delvin D. Hawley (1991). Business Ethics and Social Responsibility in Finance Instruction: An Abdication of Responsibility. Journal of Business Ethics 10 (9):711 - 721.
E. Eugene Arthur (1987). The Ethics of Corporate Governance. Journal of Business Ethics 6 (1):59 - 70.
Hugh M. O'Neill, Charles B. Saunders & Anne Derwinski McCarthy (1989). Board Members, Corporate Social Responsiveness and Profitability: Are Tradeoffs Necessary? Journal of Business Ethics 8 (5):353 - 357.
Nabil A. Ibrahim, Donald P. Howard & John P. Angelidis (2003). Board Members in the Service Industry: An Empirical Examination of the Relationship Between Corporate Social Responsibility Orientation and Directorial Type. Journal of Business Ethics 47 (4):393 - 401.
Mark S. Schwartz, Thomas W. Dunfee & Michael J. Kline (2005). Tone at the Top: An Ethics Code for Directors? Journal of Business Ethics 58 (1-3):79 - 100.
Nabil A. Ibrahim & John P. Angelidis (1995). The Corporate Social Responsiveness Orientation of Board Members: Are There Differences Between Inside and Outside Directors? Journal of Business Ethics 14 (5):405 - 410.
Humphry Hung (2011). Directors' Roles in Corporate Social Responsibility: A Stakeholder Perspective. Journal of Business Ethics 103 (3):385-402.
Analytics
Monthly downloads |
Added to index2009-01-28Total downloads35 ( #34,202 of 549,699 )Recent downloads (6 months)1 ( #63,425 of 549,699 )How can I increase my downloads? |
My notes
Discussion
