2011
DOI: 10.1016/j.gfj.2011.05.006
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Business, ethics, and profit: Are they compatible under corporate governance in our global economy?

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Cited by 15 publications
(6 citation statements)
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References 23 publications
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“…From Kendall's (1999) standpoint, good corporate governance involves ensuring that companies are run in a socially responsible way and that there should be a lucidly ethical basis to the business complying with the accepted norms of the society in which it is operating. Ethical CSR actively seeks a greater balance or compatibility between profit and ethics (Reidenbach and Robin, 1991), which is consistent with corporate governance mechanism (Ghosh et al, 2011).…”
Section: Conceptual Frameworkmentioning
confidence: 85%
“…From Kendall's (1999) standpoint, good corporate governance involves ensuring that companies are run in a socially responsible way and that there should be a lucidly ethical basis to the business complying with the accepted norms of the society in which it is operating. Ethical CSR actively seeks a greater balance or compatibility between profit and ethics (Reidenbach and Robin, 1991), which is consistent with corporate governance mechanism (Ghosh et al, 2011).…”
Section: Conceptual Frameworkmentioning
confidence: 85%
“…Esto resulta de singular importancia por cuanto, el proceso de investigación reflejó que dentro de los principales beneficios de incorporar el tema de la ética en la Administración de Negocios se en-cuentran el compromiso de los profesionales por llevar a cabo el trabajo que asumen, asociado a obtener un mejor desempeño laboral. Este hallazgo resulta coherente con el planteamiento de que la ética es rentable (Cortina, 2003;Gosh, Gosh, & Abdel, 2011;Sánchez de León, 2011). Estudios como el realizado por Ethispher Institute afirman que "existe una alta correlación entre ética y mayor rentabilidad media…las mejores empresas en el terreno ético tienen un retorno hasta un 35% mayor que las de otros índices de referencia (Sánchez de León, 2011, párr.2).…”
Section: Discussionunclassified
“…According to basic (classical and neoclassical) economic theory, households aim to maximize the utility at the household level, whilst corporations aim to maximize profit at the corporate level and governments aim to maximize social welfare at the regulatory level. However, such simplification of human motivations omits important motivational factors such as social interest, cooperation, altruism, and welfare of employees (Beaudreau 2012;Ghosh et al 2011;Lux 2003). Although the complexity of motivational factors was well known in classical economic theory (Lynne 2006), the complexity (and realism) of economic notions and models were decreased during formalization of economic theory (Beaudreau 2012).…”
Section: Focus On the Household: Roles And Motivations Of Householdsmentioning
confidence: 99%