Role Of Business Ethics Research Articles

A Conceptual Study on Role of Business Ethics and Corporate Governance in the Growth of Organization

The main goal of any business worldwide has been shifted from greater productivity and profit maximization to sustainable development. If an organisation opt for long-term objectives, it must go for long-run sustainability. Organisational ethics is a wider topic which is crucial for any business success. Ethical behavior is an important element of sustainability. The word "sustainability" has come out, along with social responsibility and corporate governance, as important business situation today. This paper focuses on integration of ethical climate and culture in an organisation that influences ethical decision making and outcomes, which result into sustainable development. It is a challenge for the organisations to remain ethical to stakeholder under the uncertain situation. They are expected to benefit the society in large. Keywords: sustainable development; corporate governance; business ethics; corporate social responsibility; environmental factors.

INTEGRATING ISLAMIC BUSINESS ETHICS IN LABOR PROTECTION AND MINIMUM WAGE DETERMINATION IN INDONESIA

Policies related to the minimum wage are a contentious issue in employment across both developed and developing countries, aiming to meet community needs and benefit families. However, a research gap exists in applying justice and moral principles to wage determination from the perspective of Sharia economic law in Indonesia. This study aims to analyze fair wage components according to Islam and the role of business ethics in protecting workers and determining wages. Employing a literature review method, data were gathered from various sources such as books, journals, and previous research findings, which were reviewed and analyzed using descriptive analysis techniques. The study emphasizes the importance of justice and moral components in Islamic wage determination, rooted in the absolute essence granted by God, essential for morality. Business ethics in work protection and wage determination are crucial to ensure fair treatment and prevent exploitation. Recommended steps include optimal labor protection and wage determination, timely payment of agreed wages, recognition and guarantee of labor, fair wage determination without harm, and providing worker freedom. The study's novelty lies in integrating Islamic principles of justice and morality into minimum wage policies and developing practical business ethics guidelines for labor protection and wage determination under Sharia economic law in Indonesia.

The impact of business ethics on ESG engagement and the effect on corporate financial performance: evidence from family firms

PurposeThe increasing relevance of environmental, social and governance (ESG) engagement has attracted interest in its drivers and effects on business outcomes under different organizational settings. By focusing on family firms (FFs), we deepen both the role of business ethics as a predictor of enhanced ESG engagement and the link with improved corporate financial performance (CFP). In this way, we aim to provide new insights into the impact of business ethics and ESG engagement on FFs competitiveness.Design/methodology/approachBased on a worldwide panel of 335 FFs covering the 2002–2020 time horizon, this study adopts a two-stage Heckman model (1979) to empirically address two research questions: (RQ1) Do business ethics predict greater ESG engagement in FFs? (RQ2) Does ESG engagement positively affect the corporate financial performance (CFP) of FFs?FindingsThe results of the current study are twofold. First, we demonstrate that an ethical approach to business drives greater ESG engagement. Second, we show that higher levels of ESG engagement lead to improved financial performance in FFs.Originality/valueOur study contributes to filling the knowledge gaps regarding the drivers and effects of ESG engagement in FFs. On the one hand, we demonstrate the positive connection between dimensions that have their own identity, such as business ethics and ESG constructs. On the other hand, by shedding light on the impact of ESG engagement on improved CFP, we contribute to solving the trade-off between economic and noneconomic FF goals.

Role of Business Ethics in Raising Corporate Social Responsibility Awareness of Public Institutions (Case Study: Tayma Municipality, Tabuk Region in Saudi Arabia)

The purpose of this study is to investigate the potential relationship between the social responsibility and business ethics of personnel working for the municipality of Taima. as importance, this study shows how much Saudi government employees respect work ethics, which influences social responsibility. This study should also improve organizations' ethics to promote Arab-Islamic values. Our sample included 50 Saudi employees from various Taima Municipality departments. Our investigation relied heavily on quantitative method. A questionnaire is used to collect data in a hypothetical-deductive framework. The form of administration utilized is a self-administered survey conducted using the messaging application WhatsApp. This research's empirical findings show that corporate ethics affect economic, ethical, legal, and charitable social responsibility. These contributions strengthen the notion that Corporate Social Responsibility is inherently connected to ethics. CSR seeks to create socially responsible companies that smoothly integrate into society and operate sustainably in every way. By the end of the research, we recommend that social responsibility is essential for successful organizations to achieve their goals. In addition, conducting conferences on social responsibility, is a key aspect in sustainable development, and promoting the link between social responsibility, ethics, and institutional excellence.

Peran Etika Bisnis Terhadap Kepercayaan Konsumen

Business ethics is a business approach to conducting operations that covers all aspects of society, business and the public. Business ethics in an organization can influence the values, norms, and behavior of leaders and staff. Consumer trust is the confidence that consumers have in a product, service, or brand. This belief has an important role in influencing consumers' decisions to buy, reuse, and recommend certain products and services. CSR is a business initiative to consider the concerns of many stakeholders, including the environment, society, workers, and customers. The purpose of this research is to find out how important company ethics is in building consumer trust. This research uses a qualitative descriptive analysis method and data is obtained from literature studies, several books, references on the internet, and journals that examine similar research to support research on "The Role of Business Ethics in Building Consumer Trust". This research shows that a company's most morally responsible practices influence customer trust. This study highlights how urgent it is to see how the most morally responsible corporate practices influence customer trust. Sharia marketing strategies have a significant effect on consumer satisfaction and their trust in certain products and services. This research shows that the role of business ethics has a significant influence in building consumer trust.

The Role of Business Ethics and Forensic Accounting Techniques in Promoting Financial Statements Integrity among Private and Public Companies in Nigeria

The Role of Business Ethics and Forensic Accounting Techniques in Promoting Financial Statements Integrity among Private and Public Companies in Nigeria

Political connection as a double-edged sword: the case of tax aggressiveness practice during the COVID-19 pandemic

PurposeThis research aims to examine the association between political connection and tax aggressiveness during the COVID-19 pandemic and the role of business ethics in the association between political connection and tax aggressiveness.Design/methodology/approachThis study employs a multiple regression method for 147 manufacturing firms listed on the Indonesia Stock Exchange during the pandemic era.FindingsPolitical connection has no association with tax aggressiveness. However, political connection has a negative (positive) association with tax aggressiveness in more (less) ethical firms. The results are robust after controlling for year-fixed effects, endogeneity issues and other tax aggressiveness measurements.Originality/valuePolitical connection is often cited as the driver of unethical business, including tax aggressiveness. However, this paper claims and finds that political connection is a double-edged sword. Ethical firms use political connection to reduce their tax aggressiveness, and vice versa. Previous research has paid little attention to this topic. This paper also uses COVID-19 as a natural experiment to highlight the importance of corporate social responsibility activities as business ethics.

A crisis that changed the banking scenario in India: exploring the role of ethics in business

Digital business has marked an era of transformation, but also an unprecedented growth of cyber threats. While digital explosion witnessed by the banking sector since the COVID-19 pandemic has been significant, the level and frequency of cybercrimes have gone up as well. Cybercrime officials attribute it to remote working—people using home computers or laptops with vulnerable online security than office systems; malicious actors relentlessly developing their tactics to find new ways to break into enterprise networks and grasping defence evasion; persons unemployed during the pandemic getting into hacking; cloud and data corruption; digital fatigue causing negligence; etc. This study adopts a case-based approach to explore the importance of business ethics, information sharing and transparency to build an information-driven society by scouting the case of Punjab and Maharashtra Co-operative (PMC) Bank, India. PMC defaulted on payments to its depositors and was placed under Reserve Bank of India’s directions due to financial irregularities and a massive fraud perpetrated by bank officials by orchestrating the bank’s IT systems. The crisis worsened when panic-stricken investors advanced their narrative through fake news peddled via social media channels, resulting in alarm that caused deaths of numerous depositors. It exposed several loopholes in information management in India’s deposit insurance system and steered the policy makers to restructure the same, thus driving the country consistent with its emerging market peers. The study further identifies best practices for aligning employees towards ethical behaviour in a virtual workplace and the pedagogical approaches for information management in the new normal.

Aristotle in the Anthropocene: The comparative benefits of Aristotelian virtue ethics over Utilitarianism and deontology

In the Anthropocene, humanity faces a pressing question: ‘what should we do?’ Here we are interested in the underlying sense and reference of the normative ‘should’ as it applies to ethics with respect to different actors. To excavate ‘should’, we unearth the foundations of three conventional groupings of normative ethical systems: Mill’s utilitarianism, Kantian deontological ethics and Aristotelian virtue ethics. Each provides a normative basis for saying what humans ‘should’ do. We draw on specific examples from the private sector to argue that debates on the role of ethics in business are dominated by consequentialist and deontological accounts which, while essential, entail certain limitations regarding the realities of this new geological epoch. Identifying the comparative benefits of Aristotelian virtue ethics enables us to develop new insights and suggestions for ethics in the Anthropocene. We identify three distinctive features of Aristotelian virtue ethics: (i) a focus on agents rather than acts, (ii) a distinction between laws and customs versus nature and (iii) the importance of tradition. We set out corresponding implications for ethics and sustainability as applied to the private sector.

Kindness as Ethics-in-Practice in the business curriculum

This research explores the pedagogic potential of kindness as a taught construct within a business ethics programme. Kindness in the curriculum is a topic often taught in early years’ education (Kindness Curriculum, 2020) but seldom at tertiary level and this research will investigate the intrinsic and extrinsic reasons for this context (Caldwell & Bird, 2015). Business studies can provide students with the knowledge and skills essential to leading and managing people and resources. Inter alia, business ethics teaches the fundamentals of refraining from corruption and unfair competition. Furthermore, business ethics programmes might eschew traditional ethical theory, promoting instead such constructs as Triple Bottom Line (TBL) thinking (Giddings, 2002), Corporate Social Responsibility (CSR) and Corporate Citizenship. This research considers the taught benefits of modelling philanthropy (kindness delivered at the corporate level) as one positive aspect of business ethicality. Instilling dispositions towards ethical behaviour (‘virtues’) at both the individual and company level remains a key goal of business ethics education. The ‘humane’ virtues as conceptualised within the modern Positive Psychology movement (Banicki, 2014; Peterson & Seligman, 2004) provide a theoretical underpinning for understanding kindness as a behavioural disposition, a tendency to ‘tend and befriend’ (Peterson & Seligman, 2004) that reliably generates ethical businesses grounded in ethical employees (Sternberg, 2001). This research argues that, for a business ethics course, business viewed through the lens of kindness should not be seen through the eyes of the student or the practitioner as an extracurricular activity but deconstructed as ethics-in-practice. The practice-based research intervention is in the form of a one-day student enrichment activity. The enrichment activity takes the form of a case study which looks at kindness through the lens of philanthropy. Students analyse a new case study exploring business philanthropy intervention, then complete a survey to review their opinion on key aspects of ethicality in business. Students evaluated the interconnectedness between ethics and how positive psychology is embedded in business. Thematic analysis was used to determine (a) ways of measuring values in action by doing good, and (b) changes in students’ understanding of the role of ethics in business upon completion of the intervention. However, in summary our research suggests that kindness embedded in the business curriculum and academics have a key role in facilitating this improvement.

The role of business ethics and corporate social responsibility on brand attitude among consumers in Pakistan

The purpose of the study was to examine the impact of business ethics (BE) and corporate social responsibility (CSR) on brand attitude among consumers in Pakistan. The data was collected from 423 respondents and was analysed through SEM approach using SmartPLS. The findings of the study indicate that BE and CSR play an important role in developing brand attitude among consumers of Pakistan. BE and CSR expectations are positively and significantly associated with response to BE and CSR behaviour whenever the company's behaviour is positive. Consumers showed negative attitude when the behaviour of the company is found to be negative. Personal moral philosophies (idealism) moderate the relationship between response to CSR behaviour and brand attitude in scenarios where company's CSR behaviour is positive. The study is among the pioneering studies in Pakistan that has empirically examined both BE and CSR.

Exploring the Role of Ethical Issues in the Context of Digital Transformation

Purpose of the article: The article aims to explore the role of ethics within the context of digital technologies to provide additional insight into the phenomenon of digital transformation, and thus to contribute to a better understanding of the opportunities and challenges that companies encounter in a rapidly changing business environment. Specifically, the paper determines the role of ethics discussed in the most recent scientific literature in the context of digital transformation.Methodology/methods: An explorative approach to the analysis of scientific literature was adopted to answer the research question: What is known from the available scientific literature about the role of business ethics in the digital transformation of a company? The Scopus and ScienceDirect scientific databases were used for the literature search. The selected articles were assessed, grouped around the topics and analysed.Scientific aim: To investigate the challenges in the business ethics related to an increased impact of digital transformation on the company’s performance.Findings: 1) Business ethics ensures that digital technologies and the company’s decisions based on the information provided by these technologies are in line with the ethical considerations. 2) There is a demand for the increased organisational accountability for data management to ensure legal and ethical implications of data ownership. 3) Ethical decisions promote a long-run sustainable development of a company. 4) Ethical decision-making allows digitalisation solutions to be applied in accordance with the values and principles of employees.Conclusions: Ethical considerations provide deeper understanding of the impact of digital transformation at a higher level and in its long-term perspective. Limitations: the literature search was conducted in two scientific databases. Implications: the findings of this study form the basis for further research to investigate the interdependence between ethical responsibility of a company and technological advances towards achieving sustainable development.

Evaluating the Impact of Organizational Culture Features on Implementing Total Quality Management (TQM) by Focusing on the Business Ethics as a Mediator (Case Study: Shirin Asal Company)

This was an applied study regarding the objective and a descriptive-correlational one concerning the data collection approach, which was focused on evaluating the impact of organizational culture on applying total quality management along with stressing the mediating role of business ethics. A total of 148 employees of Shirin Asal Company (Tehran Branch) constituted the research statistical population that Cochran’s formula was used to choose 106 subjects as the sample size by a simple random sampling method.Standard questionnaires were employed to gather the essential data. The validity and reliability of variables were also examined and approved. The reliability rates for business ethics, organizational culture, and total quality management were calculated to be equivalent to 0.78, 0.89, and 0.90, respectively. The structural equation modeling method assisted with the Smart PLS2 software was utilized for data analysis. Revealed by the research findings, organizational culture influences business ethics and total quality management. Business ethics was also found to act as a mediating variable in the relationship between organizational culture and total quality management. In conclusion, organizational culture and business ethics affect the satisfactory implementation of TQM, which somehow requires managers and stakeholders to particularly consider these components.

Do business ethics really matter?

Do business ethics really matter?

The Spiritual Values of Islamic Economics in Tasawuf Modern: Scrutinizing the Work of Haji Abdul Malik Karim Amrullah (Hamka)

Islamic economics has existed since the start of Islamic civilization. However, Islamic economic thoughts established by Indonesian scholars are limited. This exploratory research was carried out to determine the spiritual values of Islamic economics on Hamka's works entitled Tasawuf Modern. Primary and secondary data were collected from Hamka's works entitled Tasawuf Modern and from several papers or books that are relevant to the focus of the research. The data collected were analyzed by combining topics relevant to Islamic economics in modern Sufism and other secondary sources. Content analysis was used for data analysis. The results of this study revealed that, according to Hamka, the richest people are those that need the least. The true wealth lies in the contentment of the soul (qana'ah). Good wealth represents virtue and prohibiton for extravagancy and excessive consumerism. Further, humans need to be in between to carry out good deeds. The results of this study contribute to enriching the discourse of Islamic economic thought, especially in Islamic economic ethics and the role of ethics in business.

Świadomość etyczna młodzieży studenckiej w uczelni ekonomicznej. Wyniki sondażu

The subject of the article was raised in response to the research gap in the area of ethical views and attitudes of academic youth. The problem was considered important due to the growing role of ethics in business and the consequent need to focus on ethics at every stage of economic education. The characteristics obtained thanks to the empirical study (in the form of a survey conducted among first-year students at SGH Warsaw School of Economics) may contribute to documenting the state of ethical awareness of students at an economic university at the initial stage of economic education and additionally in the initial period of a crisis caused by COVID-19. The research brings a double cognitive value. On the one hand, it presents the generalized "ethical" characteristics of student youth in the initial stage of academic education, including the original radar of the student's perception of the importance of ethical values in defining an ideal ethical attitude in business, compatible with the Tool-kit for Ethics Self-Assessment, available at esa.sgh.waw.pl. On the other hand - after applying the observations to the ground of shaping academic curricula - some suggestions relating to ethics can be derived, which should not be overlooked in the work on study programs.

The role of business ethics and corporate social responsibility on brand attitude among consumers in Pakistan

The role of business ethics and corporate social responsibility on brand attitude among consumers in Pakistan

To Combat White Collar Crimes In Public And Private Sector And Need For Strong Legislation And Ethics

The paper deals with and investigates the requirement of resilient and strong legislation to combatwhite collar crimes, which are exponentially increasing with time both in public and private sectororganizations. The influence of immoral and illegal practices in government, particularly the bribesof the highest order has paralyzed the normal functioning of the financial and legislative organizations.Bank frauds and cybercrimes are also increasing tremendously by employing digital devicesand the internet. The purpose of this research is also to investigate the essence of the application ofstrong laws as well principles of morality and ethics. It is advocated by the authors of this paper thatnorms of morality and ethics on one hand impact a healthy effect on reducing such crimes but alsoenhances the productivity and profitability of the organizations in financial terms. Several modernorganizations are incorporating and implementing the codes of ethics in professional practices.More strict must be the legislation and Code of Ethics, Ethics is the deterrence force to discouragethe wrongdoings and adopting right approach so that honesty prevails and curses, crimes, offensesand sins can be minimized. There a serious need of introducing the social welfare system adopted inEurope, Canada and the USA. The bank employees are involved in Bank frauds and commit offensesof embezzlements and illegal transitions using the computer and other digital devices. The role ofbusiness ethics in the banking sector is of immense importance. The malpractices by some politiciansmust also be noticed with stern and iron hands.

Role of Business Ethics in Better Governance: A Quantitative Study of Executive’s Opinions

The important attributes that make Business ethics crucial stands on strong pillars namely, Rule of Law, Competence and Capacity, openness to change, transparency and accountability and most importantly Human Rights and Ethical conduct. In this paper all the important attributes of business ethics are considered which are helpful for the better Governance. This responsibility lies not only with the CEO or owner of the business or company but with each and every employee or worker working in the organization regardless of his or her post and designation. This paper will highlight the important business ethics and its implementation throughout the working of the business. This paper will also emphasize how the ethical code of conduct will help in the better governance of the business. This paper will also stress on the point that business ethics though are not legal obligation but they are as important as any other legal law. The sample size of the study was 193 respondents. The data analysis was performed with the help of t-test and mean.

PERANAN ETIKA BISNIS DALAM MENEJEMEN KESELAMATAN DAN KESEHATAN KERJA

In the environment where we live or where we carry out economic activities, we often find that business activities carried out by a person or a certain business group often ignore the ethics in conducting their activities. Many deviations are made in line with the purpose of doing business activities only to achieve maximum profits without providing a comfort effect for workers. Many of the few business people we meet may not pay attention to their employees, especially in maintaining work safety and safety or easily usually abbreviated as K3 (occupational safety and health). For this reason, every business person needs to pay attention to the role of business ethics in occupational safety and health. With the implementation of the occupational safety and health management system (K3), the company has carried out ethics or is responsible for the worst possibilities that occur as a result of work activities. The image of companies that have implemented occupational safety and health management (K3) will get a positive assessment from the community so that they can compete in the global era
 Keywords: business ethics, occupational safety and health