David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Journal of Business Ethics 66 (2/3):169 - 175 (2006)
In this paper, we argue that calls for widespread implementation of ethics measurement systems would be better informed by institutional economic analysis. Specifically, we assert that proponents of such systems must first recognize and understand the institutions that potentially impede such efforts. We identify two potential institutional impediments to measuring ethics and social responsibility. First, we suggest that neoclassical economics, supported by traditional business education and legal precedent, serves to reinforce the notion that shareholders are the primary corporate constituency group. Such an emphasis on the needs of shareholders severely hinders implementation of measurement systems that address the needs of multiple stakeholder groups. Second, we argue that the threat of litigation may constrain corporate managers from measuring and considering ethics and corporate social responsibility matters. In particular, managers may be reluctant to quantify various ethical concerns if the resulting measurements could be used as evidence against the corporation in a lawsuit
|Keywords||corporate social responsibility ethics measurement systems institutional economics business judgment rule privilege of self-critical analysis|
|Categories||categorize this paper)|
|Through your library||Configure|
References found in this work BETA
No references found.
Citations of this work BETA
Steven Scalet & Thomas F. Kelly (2010). Csr Rating Agencies: What is Their Global Impact? [REVIEW] Journal of Business Ethics 94 (1):69 - 88.
Curtis Clements, John D. Neill & O. Scott Stovall (2009). The Impact of Cultural Differences on the Convergence of International Accounting Codes of Ethics. Journal of Business Ethics 90 (3):383 - 391.
Similar books and articles
Flora Stormer (2003). Making the Shift: Moving From "Ethics Pays" to an Inter-Systems Model of Business. [REVIEW] Journal of Business Ethics 44 (4):279 - 289.
Carla Cjm Millar, Tarek I. EldomIaty, Chong Ju Choi & Brian Hilton (2005). Corporate Governance and Institutional Transparency in Emerging Markets. Journal of Business Ethics 59 (1-2):163 - 174.
Marcel Van Marrewijk & Marco Werre (2003). Multiple Levels of Corporate Sustainability. Journal of Business Ethics 44 (2/3):107 - 119.
Marcel van Marrewijk & Marco Werre (2003). Multiple Levels of Corporate Sustainability. Journal of Business Ethics 44 (2-3):107-119.
Gerard I. J. M. Zwetsloot (2003). From Management Systems to Corporate Social Responsibility. Journal of Business Ethics 44 (2-3):201 - 207.
Ronald Jeurissen (2004). Institutional Conditions of Corporate Citizenship. Journal of Business Ethics 53 (1-2):87-96.
Aldo Frigerio, Alessandro Giordani & Luca Mari (2010). Outline of a General Model of Measurement. Synthese 175 (2):123-149.
Vassilios P. Filios (1984). Corporate Social Responsibility and Public Accountability. Journal of Business Ethics 3 (4):305 - 314.
Cory Searcy (2012). Corporate Sustainability Performance Measurement Systems: A Review and Research Agenda. [REVIEW] Journal of Business Ethics 107 (3):239-253.
Sorry, there are not enough data points to plot this chart.
Added to index2009-01-28
Recent downloads (6 months)0
How can I increase my downloads?