Journal of Business Ethics 83 (4):773-787 (2008)
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| Abstract |
Moral luck – which seems to appear when circumstances beyond a person’s control influence our moral attributions of praise and blame – is troubling in that modern moral theory has supposed morality to be immune to luck. In business, moral luck commonly influences our moral judgments, many of which have economic consequences that cannot be reversed. The possibility that the chance intervention of luck could influence the way in which we assign moral accountability in business ethics is unsettling. This paper argues that if we cannot explain moral luck away, we should give consideration to moral risk in our moral judgments and the associated assignment of economic rewards regarding episodes in which moral luck plays a role.
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| Keywords | luck risk moral hazard business ethics Gauguin river blindness executive compensation |
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| DOI | 10.1007/s10551-008-9664-9 |
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References found in this work BETA
The Fragility of Goodness: Luck and Ethics in Greek Tragedy and Philosophy.Martha Craven Nussbaum - 1986 - Cambridge University Press.
Do Firms With Unique Competencies for Rescuing Victims of Human Catastrophes Have Special Obligations?Thomas W. Dunfee - 2006 - Business Ethics Quarterly 16 (2):185-210.
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Citations of this work BETA
Stakeholder Perceptions of Offshoring and Outsourcing: The Role of Embedded Issues. [REVIEW]Christopher J. Robertson, Anna Lamin & Grigorios Livanis - 2010 - Journal of Business Ethics 95 (2):167 - 189.
Evolutionary Processes, Moral Luck, and the Ethical Responsibilities of the Manager.S. Ramakrishna Velamuri & Nicholas Dew - 2010 - Journal of Business Ethics 91 (1):113-126.
Moral Luck and Computer Ethics: Gauguin in Cyberspace. [REVIEW]David Sanford Horner - 2010 - Ethics and Information Technology 12 (4):299-312.
Stakeholder Engagement, Knowledge Problems and Ethical Challenges.J. Robert Mitchell, Ronald K. Mitchell, Richard A. Hunt, David M. Townsend & Jae H. Lee - forthcoming - Journal of Business Ethics:1-20.
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