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  1. Buyer Beware: A Critique of Leading Virtue Ethics Defenses of Markets.Roberto Fumagalli - 2020 - Journal of Social Philosophy 51 (3):457-482.
    Over the last few decades, there have been intense debates concerning the effects of markets on the morality of individuals’ behaviour. On the one hand, several authors argue that markets’ ongoing expansion tends to undermine individuals’ intentions for mutual benefit and virtuous character traits and actions. On the other hand, leading economists and philosophers characterize markets as a domain of intentional cooperation for mutual benefit that promotes many of the character traits and actions that traditional virtue ethics accounts classify as (...)
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  • A Quantitative Analysis of Authors, Schools and Themes in Virtue Ethics Articles in Business Ethics and Management Journals. [REVIEW]Ignacio Ferrero & Alejo José G. Sison - 2014 - Business Ethics: A European Review 23 (4):375-400.
    Virtue ethics is generally recognized as one of the three major schools of ethics, but is often waylaid by utilitarianism and deontology in business and management literature. EBSCO and ABI databases were used to look for articles in the Journal of Citation Reports publications between 1980 and 2011 containing the keywords ‘virtue ethics’, ‘virtue theory’, or ‘virtuousness’ in the abstract and ‘business’ or ‘management’ in the text. The search was refined to draw lists of the most prolific authors, the most (...)
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  • In the Eye of the Beholder: An Exploration of Managerial Courage.Michelle Harbour & Veronika Kisfalvi - 2014 - Journal of Business Ethics 119 (4):493-515.
    There is growing interest in the positive organizational literature in the complex interplay between the positive and negative facets of organizations, individuals, and situations. The concept of courage provides fertile ground to study this interplay, since it is generally understood to be a positive quality that is manifested in challenging situations. The empirical study presented here looks at courage in a strategic decision-making context and takes an interpretive perspective; it focuses on the cognitive structures and subjective understandings of managers and (...)
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  • How Different is Neo‐Aristotelian Virtue From Positive Organizational Virtuousness?Alejo José G. Sison & Ignacio Ferrero - 2015 - Business Ethics: A European Review 24 (S2):78-98.
    The purpose of this article is to explain the differences between neo-Aristotelian virtue and positive organizational virtuousness from the virtue ethics perspective. Most studies use virtues and virtuousness interchangeably. A few others try to explain their differences from the positive organizational science perspective. Although closely related, we believe that these two notions are not identical. If we understand neo-Aristotelian virtue correctly, then it cannot be judged exclusively on what is externally verifiable, as is the case with virtuousness. For these reasons, (...)
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  • Making Sense of Alternative Currencies.Louis Larue - 2019 - Dissertation, Université Catholique de Louvain
    The main goal of this thesis is to provide a clear basis for the analysis of alternative currencies, such as Bitcoin, LETS, Local currencies, the WIR or Carbon currencies. It attempts to determine whether alternative currencies might constitute just and workable alternatives, either in the form of small-scale experiments or in the form of more radical reforms. The first chapter proposes a new way to classify currencies. The second examines the case in favour of monetary plurality. The third analyses the (...)
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  • In Search of Virtue: The Role of Virtues, Values and Character Strengths in Ethical Decision Making.Mary Crossan, Daina Mazutis & Gerard Seijts - 2013 - Journal of Business Ethics 113 (4):567-581.
    We present a comprehensive model that integrates virtues, values, character strengths and ethical decision making (EDM). We describe how a largely consequentialist ethical framework has dominated most EDM scholarship to date. We suggest that reintroducing a virtue ethical perspective to existing EDM theories can help to illustrate deficiencies in existing decision-making models, and suggest that character strengths and motivational values can serve as natural bridges that link a virtue framework to EDM in organizations. In conjunction with the more fully formulated (...)
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  • Epistemic Virtues in Business.Boudewijn de Bruin - 2013 - Journal of Business Ethics 113 (4):583-595.
    This paper applies emerging research on epistemic virtues to business ethics. Inspired by recent work on epistemic virtues in philosophy, I develop a view in which epistemic virtues contribute to the acquisition of knowledge that is instrumentally valuable in the realisation of particular ends, business ends in particular. I propose a conception of inquiry according to which epistemic actions involve investigation, belief adoption and justification, and relate this to the traditional ‘justified true belief’ analysis of knowledge. I defend the view (...)
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  • The Credit Crisis and the Moral Responsibility of Professionals in Finance.Johan J. Graafland & Bert W. Ven - 2011 - Journal of Business Ethics 103 (4):605-619.
    Starting from MacIntyre’s virtue ethics, we investigate several codes of conduct of banks to identify the type of virtues that are needed to realize their mission. Based on this analysis, we define three core virtues: honesty, due care, and accuracy. We compare and contrast these codes of conduct with the actual behavior of banks that led to the credit crisis and find that in some cases banks did not behave according to the moral standards they set themselves. However, although banks (...)
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  • Markets, Morals, and Virtues: Evidential and Conceptual Issues.Roberto Fumagalli - 2020 - Erasmus Journal for Philosophy and Economics 13 (1).
  • Experiences of Embedding Long-Term Thinking in an Environment of Short-Termism and Sub-Par Business Performance: Investing in Intangibles for Sustainable Growth.Kosheek Sewchurran, Johan Dekker & Jennifer McDonogh - 2019 - Journal of Business Ethics 157 (4):997-1041.
    This paper presents a case study of the South African operation of a logistics company, operating in a context of short-termism and under-performance. Frustration with managing in this context, and concern that this environment might erode the customer value proposition, prompted an exploration of the question: “How can the business prioritise its investment in intangibles to support sustainable growth in an environment of short-termism and sub-par business performance?” The study followed an inductive grounded theory approach and began with an exploration (...)
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  • Bringing Back the Essence of the “S” and “R” to CSR: Understanding the Limitations of the Merchant Trade and the White Man’s Burden. [REVIEW]Caterina Francisco Lorenzo-Molo & Zenon Arthur Siloran Udani - 2013 - Journal of Business Ethics 117 (1):123-136.
    One of the fundamental struggles in corporate social responsibility (CSR) is the uncertainty and inherent contradictions that stem from a company being an individual legal entity and a community of persons. The authors contend that CSR has departed from the essence of “social responsibility.” The paper is a commentary on CSR, presented as two frameworks rooted in individualism—The Merchant Trade (the strategic view of CSR) and The White Man’s Burden (self-righteous CSR heroism that assumes the shackles of responsibility normally offered (...)
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  • Ethics and Law: Guiding the Invisible Hand to Correct Corporate Social Responsibility Externalities. [REVIEW]Paul K. Shum & Sharon L. Yam - 2011 - Journal of Business Ethics 98 (4):549 - 571.
    Tokenistic short-term economic success is not good indicia of long-term success. Sustainable business success requires sustained existence in a corporation's political, economic, social, technological, legal and environmental contexts. Far beyond the traditional economic focus, consumers, governments and public interest groups alike increasingly expect the business sector to take on more social and environmental responsibilities. Corporate social responsibility (CSR) is the model in which economic, social and environmental responsibilities are fulfilled simultaneously. However, there is insufficient empirical evidence that demonstrates genuine widespread (...)
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  • It’s Time for Principles-Based Accounting Ethics.Albert D. Spalding & Alfonso Oddo - 2011 - Journal of Business Ethics 99 (S1):49-59.
    The American Institute of certified public accountants (AICPA) has promulgated a Code of Professional Conduct , which has served as the primary ethical standard for public accountants in the United States for more than 20 years. It is now out of date and needs to be replaced with a code of ethics. Just as U.S. generally accepted accounting principles are being migrated toward “principles-based accounting” as part of a convergence with international financial reporting standards, a similar process needs to occur (...)
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  • Editorial Introduction: Putting Virtues Into Practice. A Challenge for Business and Organizations. [REVIEW]Joan Fontrodona, Alejo José G. Sison & Boudewijn de Bruin - 2013 - Journal of Business Ethics 113 (4):563-565.
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  • Calvin’s Restrictions on Interest: Guidelines for the Credit Crisis.J. J. Graafland - 2010 - Journal of Business Ethics 96 (2):233-248.
    Calvin’s view on the legitimacy of interest has had a great impact on the economic development of Western society. Although Calvin took a fundamentally positive attitude to interest, he also proposed several restrictions on the charging of interest. In this article, we investigate the relevance of these restrictions to the current credit crisis. We find that each of them provides a relevant interpretation of what went wrong in the buildup of the credit crisis and gives directions to improve policies of (...)
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  • The Credit Crisis and the Moral Responsibility of Professionals in Finance.Johan J. Graafland & Bert W. van de Ven - 2011 - Journal of Business Ethics 103 (4):605-619.
    Starting from MacIntyre’s virtue ethics, we investigate several codes of conduct of banks to identify the type of virtues that are needed to realize their mission. Based on this analysis, we define three core virtues: honesty, due care, and accuracy. We compare and contrast these codes of conduct with the actual behavior of banks that led to the credit crisis and find that in some cases banks did not behave according to the moral standards they set themselves. However, although banks (...)
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  • Private Equity and the Public Good.Kevin Morrell & Ian Clark - 2010 - Journal of Business Ethics 96 (2):249 - 263.
    The dominance of agency theory can reduce our collective scope to analyse private equity in all its diversity and depth. We contribute to theorisation of private equity by developing a contrasting perspective that draws on a rich tradition of virtue ethics. In doing so, we juxtapose 'private equity' with 'public good' to develop points of rhetorical and analytical contrast. We develop a typology differentiating various forms of private equity, and focus on the 'take private' form. These takeovers are where private (...)
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  • Ethical Considerations in Organizational Politics: Expanding the Perspective.George N. Gotsis & Zoe Kortezi - 2010 - Journal of Business Ethics 93 (4):497-517.
    The aim of this study is to contribute to a conceptualization of organizational politics that underscores the possibility of developing positive political behavior at the workplace. In this respect, we seek to provide a context of re-evaluating the normative foundations of organizational politics. Normative issues are critically discussed in the context of mainstream ethical theories that illuminate the interaction of ethics and political behavior. More specifically, it is argued that a deontological framework is of particular importance for the proper management (...)
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  • Calvin’s Restrictions on Interest: Guidelines for the Credit Crisis. [REVIEW]J. J. Graafland - 2010 - Journal of Business Ethics 96 (2):233 - 248.
    Calvin's view on the legitimacy of interest has had a great impact on the economic development of Western society. Although Calvin took a fundamentally positive attitude to interest, he also proposed several restrictions on the charging of interest. In this article, we investigate the relevance of these restrictions to the current credit crisis. We find that each of them provides a relevant interpretation of what went wrong in the buildup of the credit crisis and gives directions to improve policies of (...)
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