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  1. Must Milton Friedman Embrace Stakeholder Theory?Ignacio Ferrero, W. Michael Hoffman & Robert E. McNulty - 2014 - Business and Society Review 119 (1):37-59.
    Milton Friedman famously stated that the only social responsibility of business is to increase its profits, a position now known as the shareholder model of business. Subsequently, the stakeholder model, associated with Edward Freeman, has been widely seen as a heuristically stronger theory of the responsibilities of the firm to the society in which it is situated. Friedman’s position, nevertheless, has retained currency among many business thinkers. In this article, we argue that Friedman’s economic writings assume an economy in which (...)
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  • Some Ethical Dilemmas of Modern Banking.Philipp Bagus & David Howden - 2013 - Business Ethics 22 (3):235-245.
    How ethical have recent banking practices been? We answer this question via an economic analysis. We assess the two dominant practices of the modern banking system – fractional reserves and maturity transformation – by gauging the respective rights of the relevant parties. By distinguishing the legal and economic differences between deposit and loan contracts, we determine that the practice of maturity transformation (in its various guises) is not only ethical but also serves a positive social function. The foundation of the (...)
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  • Corporate Environmental Responsibility in Polluting Industries: Does Religion Matter?Xingqiang Du, Wei Jian, Quan Zeng & Yingjie Du - 2014 - Journal of Business Ethics 124 (3):1-23.
    Using a sample of Chinese listed firms in polluting industries for the period of 2008–2010, we empirically investigate whether and how Buddhism, China’s most influential religion, affects corporate environmental responsibility (CER). In this study, we measure Buddhist variables as the number of Buddhist monasteries within a certain radius around Chinese listed firms’ registered addresses. In addition, we hand-collect corporate environmental disclosure scores based on the Global Reporting Initiative (GRI) sustainability reporting guidelines. Using hand-collected Buddhism data and corporate environmental disclosure scores, (...)
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  • Strategic Corporate Social Responsibility in Controversial Industry Sectors: The Social Value of Harm Minimisation. [REVIEW]Margaret Lindorff, Elizabeth Prior Jonson & Linda McGuire - 2012 - Journal of Business Ethics 110 (4):457-467.
    This paper examines how it is possible for firms in controversial sectors, which are often marked by social taboos and moral debates, to act in socially responsible ways, and whether a firm can be socially responsible if it produces products harmful to society or individuals. It contends that a utilitarian justification can be used to support the legal and regulated provision of goods and services in these areas, and the regulated and legal provision of these areas produces less harm than (...)
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  • How Perceived Corporate Social Responsibility Affects Employee Cynicism: The Mediating Role of Organizational Trust.Carolina Serrano Archimi, Emmanuelle Reynaud, Hina Mahboob Yasin & Zeeshan Ahmed Bhatti - 2018 - Journal of Business Ethics 151 (4):907-921.
    This study examines to what extent perceived corporate social responsibility reduces employee cynicism, and whether trust plays a mediating role in the relationship between CSR and employee cynicism. Three distinct contributions beyond the existing literature are offered. First, the relationship between perceived CSR and employee cynicism is explored in greater detail than has previously been the case. Second, trust in the company leaders is positioned as a mediator of the relationship between CSR and employee cynicism. Third, we disaggregate the measure (...)
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  • How is Business Adapting to Climate Change Impacts Appropriately? Insight From the Commercial Port Sector.Adolf K. Y. Ng, Tianni Wang, Zaili Yang, Kevin X. Li & Changmin Jiang - 2018 - Journal of Business Ethics 150 (4):1029-1047.
    Adaptation to climate change impacts is a key research topic in business ethics that poses substantial implications on the good lives of human beings. The commercial port sector is a highly relevant study focus with its pivotal roles in supply chains and international trade. Hence, it is important to investigate whether the port planning system and practice is appropriate in tackling climate change impacts. But beforehand, we must thoroughly understand the attitude and behaviors of port planners and operators on ports’ (...)
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  • Some Ethical Dilemmas of Modern Banking.Philipp Bagus & David Howden - 2013 - Business Ethics: A European Review 22 (3):235-245.
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