Business Ethics Quarterly 8 (1):85-104 (1998)

Analysis of ethical conduct of business organizations has hitherto placed primary emphasis on the conduct of that corporation’smanagers because ethical conduct, like all conduct, must manifest itself through individual behavior. This paper argues that in the realworld corporate actions are influenced, to a considerable extent, by external market-based conditions. Therefore, a more comprehensive explanation of ethical business conduct must incorporate both corporate, i.e., internal considerations, and competitive, industry structure-based, i.e., external considerations. A framework is presented that provides a systematic analysis of the interactive effect between different types of external market-based competitive conditions, institutional opportunities to engage in ethical behavior, and the likelihood that corporations would do so. The analytical framework leads to recommendations as to the types of actions that might be more effective in improving business ethical conduct under varying sets of market-based competitive conditions
Keywords Applied Philosophy  Business and Professional Ethics  Social Science
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ISBN(s) 1052-150X
DOI 10.2307/3857523
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References found in this work BETA

The Road to Serfdom.Friedrich A. Hayek - 1945 - Ethics 55 (3):224-226.
Does Business Ethics Make Economic Sense?Amartya Sen - 1993 - Business Ethics Quarterly 3 (1):45-54.
Adam Smith's Invisible Hand Argument.John D. Bishop - 1995 - Journal of Business Ethics 14 (3):165 - 180.
Imperfect Markets: Business Ethics as an Easy Virtue. [REVIEW]S. Prakash Sethi - 1994 - Journal of Business Ethics 13 (10):803 - 815.

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Citations of this work BETA

Competing Responsibly.Ronald Jeurissen - 2005 - Business Ethics Quarterly 15 (2):299-317.

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