scholarly journals International Financial Institutions and the Challenges of Global Business Ethics

2016 ◽  
Vol 8 (3) ◽  
pp. 232
Author(s):  
Henry Kerich

<p>Business ethics are moral principles and doctrines that determine behavior in the business world. Although the purpose of every business is to earn profits, it also ought to pay a major role in society by ensuring fair practices. Instead of fairness and equality, greed has taken over the present business scenario leading to unethical business practices. World Bank and International Monetary Fund have been criticized for harsh imposition of austerity measures on member borrower countries. IMF programs are connected with adverse social action like reduced investment in public health and education in the recipient countries resulting in ethical violation and lack of corporate social responsibility to the communities served. A number of World Bank financed projects have social and environmental effects for the people in the affected areas resulting in ethical issues criticism. The IMF and World Bank have also been criticized for violation of ethical issues of equity and fair play.</p>

2012 ◽  
Vol 22 (2) ◽  
pp. 247-272 ◽  
Author(s):  
Claus Dierksmeier ◽  
Anthony Celano

ABSTRACT:The moral theory of Thomas Aquinas meets the present need for a business ethics that transcends the legal realm by linking the ideas of justice and virtue in an ingenious way. Thomas's virtue theory coordinates private and public activities through a set of context-invariant, justice-oriented norms with conceptual appeal to contemporary questions of global business ethics. In our article, we first sketch how Aquinas's theory can be also of relevance to a non-confessional audience through its appeal to the ‘natural light of reason.’ Then we explain how his theory of ‘natural law’ aligns his ideas of virtue and justice. From this vantage point, we address the tension between cultural diversity and moral uniformity in the economic sphere in general and in today's globalized business world in particular. Throughout the article, we aim to show how Aquinas's conception of virtuous business conduct gains inter-personal and inter-cultural validity that establishes social justice as the global virtue of business.


2017 ◽  
pp. 258-292
Author(s):  
Neil Remington Abramson ◽  
Robert T. Moran

2016 ◽  
Vol 7 (2) ◽  
pp. 113
Author(s):  
Laili Latifah Puspitasari

<p><strong>Abstract</strong></p><p>The business world cant be separated from business ethics. Many research results indicate apositive relationship between business ethics and corporate success. So far, dishonest business practices, which is only concern of the maximum benefit and cause negative effect for other will lead to company breaking, even a big company. Become aware of business ethic, people began to emphasize the importance of relationship factorsin business ethics. So the purpose of this research was to analyze the application of Islamic business ethicson profitability of Rumah Yoghurt based on employee prespective. This research used a qualitative descriptive approach, which systematically describes the focus of research on the relationship of the application of Islamic business ethics on profitability of the company based on employee perspective. Research subjects were 30 employees Rumah Yoghurt. Analysis of the data conducting in four stages: data collection, data reduction, data presentation, and conclusion. The results showed that the islamic bussiness ethics which was adopted by Rumah Yoghurt become the effective way in improving profitability of the company. It was proven by the average overall score of high employee questionnaire results, both on the ethical a spects of management, marketing ethics, and environmental ethic. Running its business and operations, rumah yoghurt has islamic bussiness ethic standart which become guideline for entire business activities and operations. Implementation of those standart properly will lead to profitability increase.</p><p><strong>Abstrak</strong></p><p>Dunia bisnis tidak bisa dilepaskan dari etika bisnis. Banyak hasil penelitian menunjukkan adanya hubungan positif antara etika bisnis dan kesuksesan perusahaan. Pada akhirnya praktek bisnis yang tidak jujur, hanya memikirkan keuntungan maksimal dan merugikan pihak lain akan membawa perusahaan besar sekalipun akan hancur. Bersama dengan semakin besarnya kesadaran etika dalam berbisnis, orang mulai menekankan pentingnya keterkaitan faktor-faktor etika dalam bisnis. Maka tujuan dari penelitian ini adalah analisis penerapan etika bisnis Islam terhadap tingkat profitabilitas Rumah Yoghurt berdasarkan perspektif karyawan. Penelitian ini menggunakan pendekatan kualitatif deskriptif, yang menggambarkan secara sistematis tentang fokus penelitian yaitu hubungan penerapan etika bisnis Islam dengan tingkat profitabilitas perusahaan berdasarkan perspektif karyawan. Subjek penelitian merupakan 30 orang karyawan Rumah Yoghurt. Analisis data melalui empat tahap, yaitu: pengumpulan data, reduksi data, penyajian data, dan penarikan kesimpulan. Pengumpulan data menggunakan metode penyebaran kuisioner, wawancara, observasi, dan dokumentasi. Dari hasil penelitian menunjukkan bahwa etika bisnis Islam yang diterapkan oleh mayoritas karyawan efektif dalam meningkatkan profitabilitas perusahaan. Hal tersebut dibuktikan dari keseluruhan rata-rata skor hasil kuisioner karyawan yang tinggi, baik pada aspek etika manajemen, etika pemasaran, maupun etika lingkungan. Dalam menjalankan kegiatan usaha dan operasionalnya, Rumah Yogurt memiliki standar pedoman etika bisnis Islam yang dijadikan landasan seluruh kegiatan usaha dan operasional perusahaan. Apabila perusahaan dapat menerapkan pedoman etika bisnis Islam tersebut dengan baik dan secara berkelanjutan, maka diyakini oleh sebagian besar karyawan, tingkat profitabilitas perusahaan akan meningkat.</p>


1999 ◽  
Vol 41 (4) ◽  
pp. 45-63 ◽  
Author(s):  
Thomas Donaldson ◽  
Thomas W. Dunfee

Author(s):  
Katarzyna Lipska ◽  
Emilia Kijanka

Business ethics are not only an effective method of competitive struggle but also measurable economic benefits. The sense of responsibility allows to limit arbitrariness and develop a concept of freedom that will take into account the needs of others. In the face of a crisis of values, the ethical attitudes and moral issues are of particular importance, both in the professions of public trust and in the economic sphere. The analysis confronts two separate groups, those who enter the market and establish their business and those who already are in the market and have to manage. The attitude of the people involved in the market depends on the atmosphere on it. Due to this, the authors analyze the beliefs of the students to ethical issues and their views on the rules which control the economy because they will be responsible for the local market.


2008 ◽  
Vol 113 (3) ◽  
pp. 347-374 ◽  
Author(s):  
EMILY F. CARASCO ◽  
JANG B. SINGH

2003 ◽  
Vol 22 (2) ◽  
pp. 71-88 ◽  
Author(s):  
Diane Huberman-Arnold ◽  
Keith Arnold ◽  

Sign in / Sign up

Export Citation Format

Share Document