Title – Business Ethics
Author – Tanvi Pandit Waghmare
FYMMS B Roll No – 127
Literature Review
Understanding the Ethical Stakes of Quantification and Developing a Research Agenda
ISLAM, G (2022) says that the practice of quantification, or the use of numbers to create organizational knowledge and power, has become increasingly prevalent with the rise of digital tools to collect and analyse data. However, this has raised ethical concerns about the capture, specification, and appropriation of data. This study examines the ethical implications of quantification, linking them to the performative effects of measures. By presenting a working model of quantification, this discussion offers ideas for developing a research agenda around the ethics of quantification.
Exploring the Evolution and Importance of Business Ethics in a Globalized World
LEŢA, M. F. (2022) says that this article proposes a meta-analysis on the subject of business ethics, which has been of interest since the early forms of commerce based on the principle of equal exchange. Philosophers and economists have contributed theories on the concept and evolution of business ethics as the business environment and globalization have developed. Today, due to the interconnection of people and increased customer attention to ethical aspects, companies must take great care in this subject. This article explores the evolution and importance of business ethics in a globalized world.
Appraising the Contribution of “Business Ethics: An Economically Informed Perspective”
NAUDE, P. (2021), states reviews of the book “Business Ethics: An Economically Informed Perspective” by Christoph Lütge and Matthias Uhl, published by Oxford University Press in 2021. The review provides an overview of the book’s content, and evaluates its positive contribution to establishing ethics as a novel approach within economics. The review also offers some critical questions for further discussion. The key finding is that the book offers practical implications for global ethics and risk management design, making it a valuable resource for both graduate students and managers seeking to implement corporate-level ethics. Overall, the book offers a unique and original perspective on business ethics.
The Contentious Issue of Illegal Immigration in the United States
POWELL, et al. (2022) says that the contentious nature of immigration policy in American politics, particularly the issue of illegal immigration. It highlights the fact that a significant number of foreign-born people in the United States reside here illegally, with approximately 10.5 million undocumented immigrants in the country. The article emphasizes the importance of addressing this issue and finding a solution to it. It also implies that the debate surrounding illegal immigration is likely to continue, given its divisive nature in American politics. Ultimately, the article suggests that addressing illegal immigration is a critical challenge for the United States to overcome.
Review of “Business Ethics: An Economically Informed Perspective”
BABALOLA, M. T. et al.(2021) says that this article provides a review of the book “Business Ethics: An Economically Informed Perspective” by Christoph Lütge and Matthias Uhl, published by Oxford University Press in 2021. The review offers an overview of the book’s contents and appraises its positive contribution in establishing ethics with an economic method as a novel approach. The article also presents critical questions for further discussions. The key finding is that the book is a valuable resource for establishing a new approach to ethics with economic methods. The practical implications are found in both global ethics and risk management design, making it a useful guide for managers and a handbook for graduate-level students. The value of the book lies in its originality as a guide for implementing corporate-level ethics.
Tax Avoidance as a Form of Fraud: Factors and Motivations
MAISYARAH, et al. (2022) says that this article discusses tax avoidance as a form of fraud and defines fraud as an intentional action carried out for personal or group interests that result in certain parties losing out. It also explores the factors that encourage fraud, including economic, emotional, or value pressures, opportunities due to weak control or abuse of authority, and rationalization or justifications for the occurrence of fraud. Additionally, individual factors related to a person’s morale, such as need and greed, are discussed. The article highlights that even honest individuals can be driven to commit fraud due to work-related pressures.
The Debate between Shareholder Wealth Maximization and Stakeholder Capitalism in Business Education
ROLLER, R. H. et al. (2022) says that this article debate between shareholder wealth maximization and stakeholder capitalism in business education. It examines the Business Roundtable’s shift towards stakeholder capitalism and questions whether business educators should abandon the shareholder approach and adopt stakeholder capitalism instead. The article reviews the two approaches and trends in socially responsible investing. It also proposes a harmonization of the shareholder and stakeholder views to ensure a balanced approach that takes into account the interests of both shareholders and stakeholders. Overall, the article provides insights into the ongoing debate and potential changes in business education
The Ethics and Politics of Academic Knowledge Production in Business Ethics
DACIN, M. T. et al. (2022) says to mark the 40th anniversary of the Journal of Business Ethics, the editors invited commentaries on the future of business ethics under the theme of The Ethics and Politics of Academic Knowledge Production. The essay includes six commentaries that explore different aspects of academic knowledge production, focusing on issues of inequality and access to resources. The commentators highlight the need to open up the journal to lesser-heard voices and unconventional research, and to question the purposes and audiences of business ethics scholarship. The essay provides insights into the ethical responsibility of academic knowledge production and the need to address systemic inequalities in the field.
The Role of Leading Universities and Business Schools in the Evolution of Business Ethics
ARTICLE, (2022), analyses the contributions made by universities and business schools to the field of business ethics using bibliometric technique. The research shows that research achievements in business ethics have been significantly aided by second- and third-tier universities. The report also emphasises the value of concept champions in advancing management research at institutions. It also implies that business schools with lower rankings can succeed in specialised and multidisciplinary subfields.
Evaluating the Effectiveness of Impact Investing through the Market Failures Approach
SCHMIDT, R. et al. (2023), says that the impact investing’s effectiveness from the standpoint of the market failures approach (MFA) to corporate ethics. Businesses are required under the MFA to improve market efficiency in order to reduce market failures. The authors contend that creating positive externalities, a type of private provision of public goods, is a duty shared by investors and enterprises. Based on the dual financial and social returns of impact projects, they create a pictorial ethical framework for impact investing. The concept takes into account the accessibility of intermediary public goods and how governmental involvement might increase the efficacy of impact investing. The analysis is supported by actual impact investing trends across industries and nations.
Conclusion
The collection of articles and papers presented touches upon various aspects of business ethics and related topics. The first set of articles focuses on the ethical implications of quantification and the rise of data-driven decision-making. It highlights the need to address concerns regarding data capture, specification, and appropriation, and suggests the development of a research agenda around the ethics of quantification. The second set of articles explores the evolution and importance of business ethics in a globalized world. It emphasizes the contributions of philosophers and economists to the concept of business ethics and discusses the need for companies to prioritize ethical aspects due to increased customer attention and interconnectedness.One specific article reviews the book “Business Ethics: An Economically Informed Perspective” by Christoph Lütge and Matthias Uhl, recognizing its positive contribution in establishing ethics as a novel approach within economics. The book offers practical implications for global ethics and risk management design, making it a valuable resource for both graduate students and managers seeking to implement corporate-level ethics. Another article addresses the contentious nature of immigration policy, specifically focusing on illegal immigration in the United States. It emphasizes the importance of finding a solution to this issue and suggests that the debate surrounding illegal immigration is likely to continue due to its divisive nature in American politics. The debate between shareholder wealth maximization and stakeholder capitalism in business education is discussed in one of the articles. It reviews the two approaches and proposes a harmonization that considers the interests of both shareholders and stakeholders, aiming for a balanced approach in line with trends in socially responsible investing. The remaining articles cover diverse topics, including tax avoidance as a form of fraud, the future of business ethics and academic knowledge production, contributions of universities and business schools in the field of business ethics, and the effectiveness of impact investing from a market failures approach. Overall, these articles provide valuable insights into various dimensions of business ethics, ranging from the ethical implications of quantification to the importance of addressing societal challenges and promoting responsible business practices. They contribute to the ongoing discussions and debates in the field, highlighting the need for ethical considerations in decision-making processes and the role of academia in shaping ethical business practices.
Reference
Business ethics research at the world’s leading universities and business schools. Business Ethics, the Environment & Responsibility, [s. l.], v. 31, n. 2, p. 474–494, 2022. DOI 10.1111/beer.12395. Disponível em: https://discovery.ebsco.com/linkprocessor/plink?id=2881a0af-1c43-3dbe-bd9a-be97100886b2. Acesso em: 12 maio. 2023.
BABALOLA, M. T. et al. Bringing Excitement to Empirical Business Ethics Research: Thoughts on the Future of Business Ethics. Journal of Business Ethics, [s. l.], v. 180, n. 3, p. 903–916, 2022. DOI 10.1007/s10551-022-05242-7. Disponível em: https://discovery.ebsco.com/linkprocessor/plink?id=79e74743-cbcc-38aa-bccd-334289f2554b. Acesso em: 12 maio. 2023.
DACIN, M. T. et al. Business Versus Ethics? Thoughts on the Future of Business Ethics. Journal of Business Ethics, [s. l.], v. 180, n. 3, p. 863–877, 2022. DOI 10.1007/s10551-022-05241-8. Disponível em: https://discovery.ebsco.com/linkprocessor/plink?id=7c0cf43a-1816-3c92-b885-b401bdb81edc. Acesso em: 12 maio. 2023.
ISLAM, G. Business Ethics and Quantification: Towards an Ethics of Numbers. Journal of Business Ethics, [s. l.], v. 176, n. 2, p. 195–211, 2022. DOI 10.1007/s10551-020-04694-z. Disponível em: https://discovery.ebsco.com/linkprocessor/plink?id=ca601ca8-2cb7-3abe-8378-cc3e6357287d. Acesso em: 12 maio. 2023.
LEŢA, M. F. Evolution of Business Ethics. Ovidius University Annals, Series Economic Sciences, [s. l.], v. 22, n. 1, p. 95–100, 2022. Disponível em: https://discovery.ebsco.com/linkprocessor/plink?id=74ac2386-aedc-33c7-9d5f-d515b6cf6c77. Acesso em: 12 maio. 2023.
MAISYARAH, R.; ADLI. The Influence of Business Ethics and Accountant Ethics on Fraud: Empirical Study of Scrap Companies in Cikarang. Journal of Business & Management Studies (2709-0876), [s. l.], v. 4, n. 3, p. 11–27, 2022. DOI 10.32996/jbms.2022.4.3.2. Disponível em: https://discovery.ebsco.com/linkprocessor/plink?id=f1c1a127-1098-3c4c-a385-cf93b8221eaf. Acesso em: 12 maio. 2023.
NAUDE, P. Ethics with an economic method: A new perspective on business ethics. South African Journal of Business Management, [s. l.], v. 52, n. 1, p. 1–4, 2021. DOI 10.4102/sajbm.v52i1.2910. Disponível em: https://discovery.ebsco.com/linkprocessor/plink?id=8f1e4908-b4b4-37f8-80f2-1cb68123d7bc. Acesso em: 12 maio. 2023.
POWELL, B.; BRENNAN, J. The Ethics of Doing Business with Illegal Immigrants. Independent Review, [s. l.], v. 27, n. 1, p. 99–120, 2022. Disponível em: https://discovery.ebsco.com/linkprocessor/plink?id=b29ebd0d-c8a8-3417-8a23-fb7141367307. Acesso em: 12 maio. 2023.
ROLLER, R. H. Finance and business ethics in an era of stakeholder capitalism. Journal of Education for Business, [s. l.], v. 97, n. 7, p. 490–496, 2022. DOI 10.1080/08832323.2021.1997883. Disponível em: https://discovery.ebsco.com/linkprocessor/plink?id=32aca1e0-d616-3231-ae08-12d386d3380b. Acesso em: 12 maio. 2023.
SCHMIDT, R. Are Business Ethics Effective? A Market Failures Approach to Impact Investing. Journal of Business Ethics, [s. l.], v. 184, n. 2, p. 505–524, 2023. DOI 10.1007/s10551-022-05133-x. Disponível em: https://discovery.ebsco.com/linkprocessor/plink?id=5d3ddbfe-6c41-3dd4-8fbd-1eddfad25c60. Acesso em: 12 maio. 2023.