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  1. Corporate Profit, Entrepreneurship Theory and Business Ethics.Radu Vranceanu - 2014 - Business Ethics, the Environment and Responsibility 23 (1):50-68.
    Economic profit is produced by entrepreneurs, those special individuals able to detect and seize as yet unexploited market opportunities. Many large capitalist firms manage to deliver positive profits even in the most competitive environments. They can do so, thanks to internal entrepreneurs, a subset of their employees able to drive change and develop innovation in the workplace. This paper argues that the goal of increasing economic profit is fully consistent with the corporation doing good for society. However, there is little (...)
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  • Corporate Governance and the Politics of Property Rights in Germany.J. Nicholas Ziegler - 2000 - Politics and Society 28 (2):195-221.
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  • Who Should Control a Corporation? Toward a Contingency Stakeholder Model for Allocating Ownership Rights.Alessandro Zattoni - 2011 - Journal of Business Ethics 103 (2):255-274.
    A number of companies allocate ownership rights to stakeholders different from shareholders, despite the fact that the law attributes these rights to the equity holders. This article contributes to an understanding of this evidence by developing a contingency model for the allocation of ownership rights. The model sheds light on why companies, despite pressures from the law, vary in their allocation of ownership rights. The model is based on the assumption that corporations increase their chance to survive and prosper if (...)
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  • Key Subordinate Executive Governance, CEO Overconfidence, and Accounting Conservatism: From the Perspective of Sustainable Development.Fan Wu & Xuewen Kuang - 2022 - Frontiers in Psychology 12.
    Key subordinate executives play the role of connecting superiors and subordinates within the top management team. Based on the heterogeneity of TMT preference, this article takes the data of Chinese A-share listed companies from 2010 to 2019 as a sample to examine whether key subordinate executive governance can affect the short-sighted behavior of CEOs. The empirical result shows that there is a positive relationship between key subordinate executive governance and accounting conservatism, and CEO overconfidence can positively moderate the relationship. The (...)
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  • The Economic Organization of Science, the Firm, and the Marketplace.James R. Wible - 1995 - Philosophy of the Social Sciences 25 (1):35-68.
    Among the various institutional structures of an economy like the firm and the marketplace is one that is like no other. Science is unique. This uniqueness raises an important question: why does science exist? From an economic perspective, there are two potentially meaningful approaches to the existence of science. They both encompass institutional pluralism. A substitutes theory of comparative institutions presupposes the primacy of the commercial marketplace over firms—that firms substitute for the market when markets fail. This theory has not (...)
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  • Rationality, REMM, and Individual Value Creation.Markus Wartiovaara - 2011 - Journal of Business Ethics 98 (4):641 - 648.
    This article evaluates alternative models for explaining human behavior. In particular, it compares the resourceful, evaluative, maximizing model (REMM) with the economic (or money maximizing) model of human behavior. The theoretical framework is developed to enhance our understanding of "individual value creation" and to seek an economically rational explanation to: Why Warren Buffett is giving his money away to charity? The article develops a framework of biological, material, and immaterial sources of value. The article additionally extends the existing REMM and (...)
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  • On the Efficiency Objection to Workplace Democracy.Jordan David Thomas Walters - 2021 - Ethical Theory and Moral Practice 24 (3):803-815.
    Are workers dominated? A recent suite of neo-republican and relational egalitarian philosophers think they are. Suppose they are right; that is, suppose that some workers are governed by an unjust and arbitrary power existing in labour relations, which persists even in the presence of the actual ability to exit. My question is this: does that give us reason to impose restrictions on firms? According to the so-called Efficiency Objection there are relevant trade-offs that need to be considered between the efficiency (...)
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  • Authority and Democracy in Corporate Governance?J. van Oosterhout - 2007 - Journal of Business Ethics 71 (4):359-370.
    Although McMahon offers a potentially valuable extension of Joseph Raz's conceptualization of authority by distinguishing three different kinds of authority, this paper argues, first, that his account of the conditions and considerations that would justify managerial authority is problematic because it relies on a conception of reasons for action that excludes precisely the kind of rationality that plays an important role in the␣explanation and justification of authority in economic␣organization. This paper explains, second, why McMahon's thesis of the justificatory similarity of (...)
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  • What Happens After Technology Adoption? Gendered Aspects of Small-Scale Irrigation Technologies in Ethiopia, Ghana, and Tanzania.Sophie Theis, Nicole Lefore, Ruth Meinzen-Dick & Elizabeth Bryan - 2018 - Agriculture and Human Values 35 (3):671-684.
    Diverse agricultural technologies are promoted to increase yields and incomes, save time, improve food and nutritional security, and even empower women. Yet a gender gap in technology adoption remains for many agricultural technologies, even for those that are promoted for women. This paper complements the literature on gender and technology adoption, which largely focuses on reasons for low rates of female technology adoption, by shifting attention to what happens within a household after it adopts a technology. Understanding the expected benefits (...)
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  • Socially Responsible Firms Outsource Less.Jorge Tarzijan, Rajat Panwar & Maria Jose Murcia - 2021 - Business and Society 60 (6):1507-1545.
    Implementing corporate social responsibility in supply chains is not a trivial task. In fact, many firms in recent years have publicly proclaimed that in order to keep their CSR commitments, they had to reduce reliance on external suppliers by vertically integrating their operations. Our aim in this article is to examine whether there is truly a relationship between a firm’s CSR performance and its level of vertical integration. Drawing on a multi-industry sample of 2,715 firm-year observations, and after addressing endogeneity (...)
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  • The Paradigm of Economic Sociology.Richard Swedberg, Ulf Himmelstrand & Göran Brulin - 1987 - Theory and Society 16 (2):169-213.
  • Antecedents and Consequences of Perceived Importance of Ethics in Marketing Situations: A Study of Thai Businesspeople.Anusorn Singhapakdi, Mahesh Gopinath, Janet K. Marta & Larry L. Carter - 2008 - Journal of Business Ethics 81 (4):887-904.
    Building on an existing framework concerning ethical intention, this research explores how Thai business people perceive the importance of ethics in various scenarios. This study investigates the relative influences of personal characteristics and the organizational environment underlying the Thai business people’s ethical perception. Corporate ethical values and idealism are shown to positively influence a Thai manager’s perceptions about the importance of ethics. While their ability to perceive the existence of an ethical problem is negatively influenced by relativism, it is positively (...)
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  • Value Priorities as Combining Core Factors Between CSR and Reputation – A Qualitative Study.Marjo Elisa Siltaoja - 2006 - Journal of Business Ethics 68 (1):91-111.
    This article explores the nature of corporate social responsibility (CSR) and corporate reputation using qualitative research approach. Specifically, the relationship between CSR and corporate reputation is examined from the viewpoint of value theory. This paper brings up for discussion the various value priorities lying in the background of CSR actions. The aim is to form categories of value priorities around CSR and reputation, based on qualitative research approach. The main concepts in this paper – CSR, reputation and value – are (...)
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  • Corporate Governance in a Risk Society.Anselm Schneider & Andreas Georg Scherer - 2015 - Journal of Business Ethics 126 (2):1-15.
    Under conditions of growing interconnectedness of the global economy, more and more stakeholders are exposed to risks and costs resulting from business activities that are neither regulated nor compensated for by means of national governance. The changing distribution of risks poses a threat to the legitimacy of business firms that normally derive their legitimacy from operating in compliance with the legal rules of democratic nation states. However, during the process of globalization, the regulatory power of nation states has been weakened (...)
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  • Ethics and the Networked Business.Adele Santana, Antonino Vaccaro & Donna J. Wood - 2009 - Journal of Business Ethics 90 (S4):661 - 681.
    Pushing through a logical continuum of closed-to open-system views of organizations necessarily changes the conceptualization of a firm from a strongly bounded entity to a configuration of networks and sub-networks, which exists and operates in a larger systemic network configuration. We unfold a classification of management processes corresponding to views of the firm along the closed/open-systems continuum. We examine ethical issues that are likely to devolve from these classes of management processes, and we suggest typical means by which managers will (...)
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  • Toward Dynamic Corporate Stakeholder Responsibility: From Corporate Social Responsibility Toward a Comprehensive and Dynamic View of Corporate Stakeholder Responsibility.Sybille Sachs & Marc Maurer - 2009 - Journal of Business Ethics 85 (S3):535-544.
    Today, sustainable relations with a broad range of key stakeholders are not only important from a normative business ethics perspective, but also from an entrepreneurial viewpoint to allow and support the long-term survival of a firm. We will argue that the traditional conception of a firm’s corporate social responsibility does not reflect this view and that a comprehensive and dynamic conception of a firm’s responsibilities is necessary to map the reality of business practice and to manage the challenges implied by (...)
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  • Stakeholder Governance as a Response to Wicked Issues.Sybille Sachs, Edwin Rühli & Claude Meier - 2010 - Journal of Business Ethics 96 (S1):57-64.
  • A Social Contract Account for CSR as an Extended Model of Corporate Governance (I): Rational Bargaining and Justification. [REVIEW]Lorenzo Sacconi - 2006 - Journal of Business Ethics 68 (3):259 - 281.
    This essay seeks to give a contractarian foundation to the concept of Corporate Social Responsibility (CSR), meant as an extended model of corporate governance of the firm. It focuses on justification according to the contractarian point of view (leaving compliance and implementation problems to a related article, [Sacconi 2004b, forthcoming in the Journal of Business Ethics]). It begins by providing a definition of CSR as an extended model of corporate governance, based on the fiduciary duties owed to all the firm’s (...)
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  • The Management Nexus of Imperfect Duty: Kantian Views of Virtuous Relations, Reasoned Discourse, and Due Diligence.Richard Robinson - 2019 - Journal of Business Ethics 157 (1):119-136.
    A nexus of imperfect duty, defined as positive commitments that have practical limits, describes business behavior toward building affable and virtuous relations, maintaining reasoned social discourse, and performing the due diligence necessary for making knowledgeable business decisions. A theory of the development and extent of the limits of these imperfect managerial duties is presented here, a theory that in part explains the activities and personnel included under the firm’s umbrella. As a result, the nexus of imperfect duty is shown to (...)
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  • The Shareholder–Manager Relationship and Its Impact on the Likelihood of Firm Bribery.Dendi Ramdani & Arjen van Witteloostuijn - 2012 - Journal of Business Ethics 108 (4):495-507.
    We examine the impact on firm bribery of two corporate governance devices heavily studied in corporate governance research—i.e., separation of ownership and control, and equity share of the largest shareholder. In addition, we investigate the impact of the principal–owner’s gender on firm bribery. From agency theory, we predict that firms with the owner also acting as a manager (owner–manager) are more likely to engage in bribery compared to their counterparts with separation of ownership and control. We argue that an increase (...)
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  • Winning at a Losing Game? Side-Effects of Perceived Tournament Promotion Incentives in Audit Firms.Jorien L. Pruijssers, Pursey P. M. A. R. Heugens & J. Van Oosterhout - 2020 - Journal of Business Ethics 162 (1):149-167.
    Tournament-like promotion systems are the default in audit firms, which are generally internally owned professional partnerships. While awarding promotions in a contest-like fashion stimulates contestants’ motivation and productivity, it may also upset an organizations’ ethical climate and trigger ethically adverse behaviors. Since nearly all research on promotion tournaments in management has been conducted in public firms, little is known about how these incentive systems operate in professional partnerships. In this study, we analyze how the perception of the two controllable design (...)
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  • The Consumer Scam: An Agency-Theoretic Approach.Sareh Pouryousefi & Jeff Frooman - 2019 - Journal of Business Ethics 154 (1):1-12.
    Despite the extensive body of literature that aims to explain the phenomenon of consumer scams, the structure of information in scam relationships remains relatively understudied. The purpose of this article is to develop an agency-theoretic approach to the study of information in perpetrator–victim interactions. Drawing a distinction between failures of observation and failures of judgment in the pre-contract phase, we introduce a typology and a set of propositions that explain the severity of adverse selection problems in three classes of scam (...)
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  • Bringing Work Back in Islamic Ethics.Bayu Taufiq Possumah, Abdul Ghafar Ismail & Shahida Shahimi - 2013 - Journal of Business Ethics 112 (2):257-270.
    Religion and work are seldom discussed. The two have caused scholars to question the religion’s role with work. This paper reviews research on the integrate between religion and work by examining issues of concept, definition, measurement, and reviewing research that examines the relationship of work and religion with respect to: different times, types of people, organize human interactions and sources of knowledge. We then discuss the methodological requirement for reintegrating work studies into social institutional theory and indicate what the conceptual (...)
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  • Towards a More 'Ethically Correct' Governance for Economic Sustainability.Christos N. Pitelis - 2013 - Journal of Business Ethics 118 (3):655-665.
    In this paper, we propose that economic sustainability is seen in terms of (inter-temporal and inter-national) value creation. We claim that value appropriation (or capture), can become a constraint to economic sustainability. We propose that for sustainable value creation to be fostered, corporate governance needs to be aligned to public and supra-national governance. In order to achieve this, a hierarchically layered set of ‘agencies’, needs to be diagnosed and the issue of incentive alignment addressed. Enlightened self-interest, pluralism and diversity, as (...)
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  • Toward a More Humanistic Governance Model: Network Governance Structures. [REVIEW]Michael Pirson & Shann Turnbull - 2011 - Journal of Business Ethics 99 (1):101 - 114.
    This conceptual article suggests a reexamination of current governance structures, specifically those of unitary boards after the financial crisis of 2008.We suggest that the existing governance structures are based on an outdated paradigm of business, rooted in economics. We propose an alternative paradigm, a more humanistic paradigm, which allows conceiving alternative, network-oriented governance structures. As hierarchical firms grow larger and more complex, the risk of failure increases from biases, errors, and missing data in communication and control systems. These problems are (...)
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  • A Review of Internal and External Influences on Corporate Governance and Financial Accountability in Nigeria. [REVIEW]Elewechi Okike, Emmanuel Adegbite, Franklin Nakpodia & Stephen Adegbite - 2015 - International Journal of Business Governance and Ethics 10 (2):165.
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  • Leading by Example: Values-Based Strategy to Instill Ethical Conduct.Arne Nygaard, Harald Biong, Ragnhild Silkoset & Roland E. Kidwell - 2017 - Journal of Business Ethics 145 (1):133-139.
    Years of research clearly shows that relying on traditional organizational power bases is not effective when companies want to promote business ethics and performance. It is not only that the use of legitimate power to establish ethics codes and coercive power to punish employees who do not comply does not work; this study—based on a multi-method research approach in the retail industry—indicates that the classic iron fist leads to unethical business values and lower service performance. But there is a light (...)
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  • The Influence of Retail Management’s Use of Social Power on Corporate Ethical Values, Employee Commitment, and Performance. [REVIEW]Arne Nygaard & Harald Biong - 2010 - Journal of Business Ethics 97 (3):341 - 363.
    Recent cases in retailing reflect that ethics have a major impact on brands and performance, in turn, demonstrating that brand owners, employees, and consumers focus on ethical values. In this study, we analyze how various sources of social power affect corporate ethical values, retailer's commitment to the retail organization, and ultimately sales and service quality. Multisource data based on a sample of 225 retailers indicated a strong link between power, ethics, and commitment and that these affected output performance.
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  • Mba Ceos, Short-Term Management and Performance.Danny Miller & Xiaowei Xu - 2019 - Journal of Business Ethics 154 (2):285-300.
    There is ample discussion of MBA self-serving values in the corporate social responsibility literature, and yet empirical studies regarding the corporate manifestations and consequences of those values are scant. In a comprehensive study of major US public corporations, we find that MBA CEOs are more apt than their non-MBA counterparts to engage in short-term strategic expedients such as positive earnings management and suppression of R&D, which in turn are followed by compromised firm market valuations.
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  • The Growth of Public and Private Bureaucracies.Marshall W. Meyer - 1987 - Theory and Society 16 (2):215-235.
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  • Corporate Social Responsibility: Is It Rewarded by the Corporate Bond Market? A Critical Note. [REVIEW]Klaus-Michael Menz - 2010 - Journal of Business Ethics 96 (1):117-134.
    The question of whether corporate social responsibility (CSR) has a positive impact on firm value has been almost exclusively analysed from the perspective of the stock market. We have therefore investigated the relationship between the valuation of Euro corporate bonds and the standards of CSR of mainly European companies for the first time in this article. Generally, the debt market exhibits a considerable weight for corporate finance, for which reason creditors should basically play a significant role in the transmission of (...)
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  • Competing Against the Unknown: The Impact of Enabling and Constraining Institutions on the Informal Economy.B. D. Mathias, Sean Lux, T. Russell Crook, Chad Autry & Russell Zaretzki - 2015 - Journal of Business Ethics 127 (2):251-264.
    In addition to facing the known competitors in the formal economy, entrepreneurs must also be concerned with rivalry emanating from the informal economy. The informal economy is characterized by actions outside the normal scope of commerce, such as unsanctioned payments and gift-giving, as means of influencing competition. Scholars and policy makers alike have an interest in mitigating the impacts of such informal activity in that it might present an obstacle for legitimate commerce. Received theory suggests that country institutions can enable (...)
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  • The Ethical Dimension of Equity Incentives: A Behavioral Agency Examination of Executive Compensation and Pension Funding.Geoffrey P. Martin, Robert M. Wiseman & Luis R. Gomez-Mejia - 2020 - Journal of Business Ethics 166 (3):595-610.
    We draw on the behavioral agency model to explore the ethical consequences of CEO equity incentives. We argue that CEOs are more concerned with funding pension plans when they have more to gain from their stock options yet will increasingly underfund employee pension funds as their current option wealth increases. Our findings reveal that both effects hold when the CEO has greater power over firm decision making. Our study suggests that there is an ethical dimension to equity incentives, given they (...)
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  • Executive Compensation and Employee Remuneration: The Flexible Principles of Justice in Pay.Michel Magnan & Dominic Martin - 2018 - Journal of Business Ethics:1-17.
    This paper investigates a series of normative principles that are used to justify different aspects of executive compensation within business firms, as well as the remuneration of lower-ranking employees. We look at how businesses perform pay benchmarking; employees’ engagement, fidelity and loyalty ; and the acceptability of what we call both-ends-dipping, that is, receiving both ex ante and ex post benefits for the same work. We make two observations. First, either different or incoherent principles are used to justify the pay (...)
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  • The Duality of Crony Corruption in Economic Transition: Toward an Integrated Framework.Peter Ping Li - 2009 - Journal of Business Ethics 85 (1):41-55.
    In order to shed light on the issue of crony corruption in the context of economic transition, I focus on the puzzle of China's unique experience of economic transition characterized by the duality forms and effects of crony corruption underlying local corporatism in a dual-track (i.e., market and political tracks) transition. I argue that the duality of local corporatism derives from the duality of crony corruption. First, the early form of local corporatism as state-business public alliance is embedded in informal (...)
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  • The Managerial University and the Decline of Modern Thought.David R. Lea - 2011 - Educational Philosophy and Theory 43 (8):816-837.
    In this paper I discuss the managerial template that has become the normative model for the organization of the university. In the first part of the paper I explain the corporatization of academic life in terms of the functional relationships that make up the organizational components of the commercial enterprise and their inappropriateness for the life of the academy. Although there is at present a significant body of literature devoted to this issue, the goal of this paper is to explain (...)
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  • Ethics, Incentives, and Conflicts of Interest: A Practical Solution. [REVIEW]Nancy B. Kurland - 1995 - Journal of Business Ethics 14 (6):465 - 475.
    Couched in positive agency theory, it is shown that the straight-commission compensation system (SCCS) creates a conflict of interest between the agent''s and the client''s self-interests. Based on this, it is hypothesized that the SCCS will encourage agents to intend to act unethically towards their clients. Two hundred and forty five insurance agents in the U.S. were surveyed, with 59% responding. The results suggest that the SCCS does not significantly affect agents'' ethical intentions, positively or negatively. This lack of empirical (...)
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  • The Great Trough in Unemployment: A Long-Term View of Unemployment, Inflation, Strikes, and the Profit/Wage Ratio.Walter Korpi - 2002 - Politics and Society 30 (3):365-426.
    The third quarter of the twentieth century with full employment in most Western countries is a historically unique period, forming The Great Trough in unemployment. This article analyses the beginning, continuation, and demise of The Great Trough, contrasting a supply-and-demand framework derived from economic theory with a power-sensitive approach focusing on long-term positive-sum conflicts involving major interest and reflected in unemployment, inflation, industrial disputes, and the functional distribution of national income. Comparative empirical data from eighteen countries are used in analyses (...)
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  • Behavioral Economics, Federalism, and the Triumph of Stakeholder Theory.Allen Kaufman & Ernie Englander - 2011 - Journal of Business Ethics 102 (3):421-438.
    Stakeholder theorists distinguish between normative stakeholders, those who gain moral standing by making contributions to the firm, and derivative stakeholders, those who can constrain the corporate association even though they make no contribution. The board of directors has the legal authority to distinguish among these stakeholder groups and to distribute rights and obligations among these stakeholder groups. To be sure, this stakeholder formulation appropriately seizes on the firm’s voluntary, associative character. Yet, the firm’s constituents contribute assets and incur risks to (...)
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  • Corporate Culture and Investment–Cash Flow Sensitivity.Fuxiu Jiang, Kenneth A. Kim, Yunbiao Ma, John R. Nofsinger & Beibei Shi - 2019 - Journal of Business Ethics 154 (2):425-439.
    Can firms overcome credit constraints with a corporate culture of high integrity? We empirically address this question by studying their investment–cash flow sensitivities. We identify firms with a culture of integrity through textual analysis of public documents in a sample of Chinese listed firms and also through corporate culture statements. Our results show that firms with an integrity-focused culture have lower investment–cash flow sensitivity, even after we address endogeneity concerns. However, we also find that for the culture to reduce the (...)
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  • Survey Article: Justice in Production.Nien-hê Hsieh - 2008 - Journal of Political Philosophy 16 (1):72–100.
  • Regulation von beherrschendem Einfluss im deutschen Profifußball – Eine empirische Vergleichsanalyse von Faninteressen der Jahre 2011 und 2017.Gregor Hovemann & Sebastian Björn Bauers - 2019 - Sport Und Gesellschaft 16 (2):155-180.
    ZusammenfassungDie 50+1-Regel soll im deutschen Profifußball den beherrschenden Einfluss eines Muttervereins über eine Profifußballabteilung gewährleisten, wodurch historisch geprägte Mitbestimmungsmöglichkeiten von Vereinsmitgliedern bzw. Fans bewahrt werden. Die anhaltende Diskussion um die Zukunft der Regel gibt unter Beachtung des Stakeholder-Ansatzes Grund zum Anlass, die Interessen von Fußballfans zu fokussieren. Erstmalig wurden dazu in den Jahren 2011 und 2017 die Argumente für eine Beibehaltung, die Argumente für eine Aufhebung sowie die Präferenz hinsichtlich der Zukunft der 50+1-Regel empirisch erhoben. Die Ergebnisse zeigen eine zeitunabhängige (...)
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  • Dividends Behavior in State- Versus Family-Controlled Firms: Evidence From Hong Kong. [REVIEW]Tina T. He, Wilson X. B. Li & Gordon Y. N. Tang - 2012 - Journal of Business Ethics 110 (1):97-112.
    This study comparatively examines the dividends behavior in state-controlled firms versus family-controlled firms. With the sample of large industrial firms listed on the Main Board of Hong Kong Stock Exchange, we investigate the dividends payment rates, stability of dividends payment, the effects of firm size, profitability and growth opportunity on likelihood to pay dividends, as well as the concentration of dividend in state-controlled versus family-controlled firms. Based on the findings, we derive some ethical implications of dividends policy regarding the differences (...)
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  • Karl Polanyi's Social Theory: A Critique.Michael Hechter - 1981 - Politics and Society 10 (4):399-429.
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  • The Uses and Abuses of Agency Theory.Joseph Heath - 2009 - Business Ethics Quarterly 19 (4):497-528.
    The use of agency theory remains highly controversial among business ethicists. While some regard it as an essential tool for analyzing and understanding the recent spate of corporate ethics scandals, others argue that these scandals might not even have occurred had it not been for the widespread teaching of agency theory in business schools. This paper presents a qualified defense of agency theory against these charges, first by identifying the theoretical commitments that are essential to the theory (in order to (...)
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  • Little Republics: Authority and the Political Nature of the Firm.Iñigo González-Ricoy - 2022 - Philosophy and Public Affairs 50 (1):90-120.
    Political theorists have recently sought to replace the liberal, contractual theory of the firm with a political view that models the authority relation of employee to firm, and its appropriate regulation, on that of subject to state. This view is liable to serious difficulties, however, given existing discontinuities between corporate and civil authority as to their coerciveness, entry and exit conditions, scope, legal standing, and efficiency constraints. I here inspect these, and argue that, albeit in some cases significant, such discontinuities (...)
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  • Business and Benevolence: A Cross-Disciplinary Intervention.Deonnie G. Moodie & Nayan Mitra - 2020 - Journal of Human Values 27 (1):7-14.
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  • Artificial Intelligence and Economic Planning.Robert Gmeiner & Mario Harper - forthcoming - AI and Society:1-23.
    The economic calculation of a central planner has traditionally been argued to result in irrational and inefficient allocation of resources, but this can be reasonably questioned given advances in computing technology, especially artificial intelligence. We conclude that central planning coupled with AI is still unable to allocate resources with the same efficiency as price signals and market forces through examinations of the technical structure of current AI approaches. AI-driven central planning is not viable in part due to incentives, computing power, (...)
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  • Reply to Our Critics.Herbert Gintis & Samuel Bowles - 1990 - Politics and Society 18 (2):293-315.
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  • Contested Exchange: New Microfoundations for the Political Economy of Capitalism.Herbert Gintis & Samuel Bowles - 1990 - Politics and Society 18 (2):165-222.
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