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Ethical Values and Long-term Orientation

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“It appears many executives based their business decisions on how they could quickly build, and then protect, their own personal fortunes – and cared less about the long-term growth and profitability of their company.” – Associated Press (Clendenning, 2002) on the Enron collapse

Abstract

Lapses in ethical conduct by those in corporate and public authority worldwide have given business researchers and practitioners alike cause to re-examine the antecedents to personal ethical values. We explore the relationship between ethical values and an individual’s long-term orientation or LTO, defined as the degree to which one plans for and considers the future, as well as values traditions of the past. Our study also examines the role of work ethic and conservative attitudes in the formation of a person’s long-term orientation and consequent ethical beliefs. Empirically testing these hypothesized relationships using data from 292 subjects, we find that long-term perspectives on tradition and planning indeed engender higher levels of ethical values. The results also support work ethic’s role in fostering tradition and planning, as well as conservatism’s positive association with planning. Additionally, we report how tradition and planning mediate the influence of conservatism and work ethic on the formation of ethical values. Limitations of the study and future research directions, as well as implications for business managers and academics, are also discussed.

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Acknowledgements

The authors gratefully acknowledge funding provided by the Centers for International Business Education and Research at Brigham Young University and the University of South Carolina. The helpful comments and suggestions provided by Neil Brady and David Hart of Brigham Young University are also appreciated.

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Authors and Affiliations

  1. Walker College of Business, Appalachian State University, Boone, NC, 28608, U.S.A.

    Jennifer L. Nevins

  2. Moore School of Business, University of South Carolina, Columbia, SC, 29208, U.S.A

    William O. Bearden

  3. Marriott School of Management, Brigham Young University, Provo, UT, 84602, U.S.A

    Bruce Money

Authors
  1. Jennifer L. Nevins
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  2. William O. Bearden
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  3. Bruce Money
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Correspondence to Bruce Money.

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Jennifer L. Nevins is an assistant professor of marketing in the Walker College of Business at Appalachian State University. Her articles have been published in journals such as Journal of the Academy of the Marketing Science and Journal of Business Research.Her research interests include export marketing, distribution channels, and the influence of cultural values on international channel relationships.

William O.Bearden is the Bank of America Chaired Professor of marketing in the Moore School of Business at the University of South Carolina. His articles have been published in journals such as journal of Consumer Research, Journal of Marketing, Journal of Marketing Research, Journal of the Academy of Marketing Science, and Journal of Retailing. His research interests include consume perception of value and prices,measurement of consumer and marketing constructs, and the effects of marketplace Promotions.

R.Bruce Money is the Donald Staheli Fellow and associate professor of marketing and international business in the Marriott School of Management, Brigham Young university. His articles have been published in journals such as Journal of Marketing, Journal of the Academy of Marketing Science, Journal of International Business Studies, and Sloan Mangement Review. His research interests include the international aspects of national culture’s measurment and effects, business-to-business marketing, word-of-mouth promotion, services marketing, and negotiation.

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Nevins, J.L., Bearden, W.O. & Money, B. Ethical Values and Long-term Orientation. J Bus Ethics 71, 261–274 (2007). https://doi.org/10.1007/s10551-006-9138-x

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