Article2001

The Ethics of Governance

63 citations0/0 files storedBusiness Ethics Quarterly

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Ethics in Business and Education Corporate Social Responsibility Reporting Corporate Social Responsibility and Sustainability

Abstract

Abstract: This article addresses the issue of whether and to what extent moral values can be attributed to collective actors. The paper starts from the premise that business ethics as the ethics of an organization is to be distinguished from the virtues of its members. This point is elaborated in both economic- and organization-theoretic terms within the framework of the New Economics of Organization. The result is the development of a concept of governance ethics. The ethics of governance is about the incorporation of moral conditions and requirements in the management, governance, and control structures of a firm. This is the contextual precondition for the long-lasting and beneficial effects of the virtues of individuals within the organizations.

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References

1991Firm Resources and Sustained Competitive Advantage 2004Firm resources and sustained competitive advantage 1997Dynamic capabilities and strategic management 1976Markets and Hierarchies: Analysis and Antitrust Implications.1969Speech Acts 1996Production, Information Costs and Economic Organization 1995The Stakeholder Theory of the Corporation: Concepts, Evidence, and Implications 1985The economic institutions of capitalism firms, markets, relational contracting

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