Corporate Profits and Business Ethics: Are They Coexisting in Current Financial Circumstance?

Abstract

Due to the growing awareness of corporate malfeasance, the relationship between social obligation and business ethics have been paid more and more attention in recent years in many areas, because the connection of the two brings significant benefits to enterprises. Except for creating profits for shareholders, commercial enterprises also have some social responsibilities. This paper expounds the concept of corporate ethics and social obligation according to the necessity of combining them and shows that the purpose of rising business profits is accordant to the philanthropy, business ethics and profits are mutual promotion. From an entrepreneur’s perspective, social responsibility and business ethics are crucial to enlarge an enterprise. Concretely, they consider that business ethics could bring about good relationships among employees, customers and communities. Not only that, they also think that better public profile or renown, higher customer faith, steady and healthy community relationships benefit socially responsible companies with less operating costs and make recommendations, which ultimately makes sense of these findings.