• Login
  • Register
  • Search

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

Qing Sun

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.


Keywords


Business Ethics; Corporate Social Responsibility and Business Profits

Full Text:

PDF

References


McCann DP. Controversy: Do corporations have any responsibility beyond making a profit? A response to Norman P. Barry. Journal of Markets & Morality 2000; 3(1): 100-107.

Carroll AB. Business & society: Ethics & stakeholder management. Cincinnati: South-Western 1989.

Ferrell OC, Fraedrich J, Ferrell L. Business ethics: Ethical decision making and cases. Houghton Mifflin Company 1991.

Daft RL. Organization theory and design. Dongbei University of Finance & Economics Press 1998.

Arrow KJ. Social choice and individual values. Yale University Press 1963.

Collard DA. Well-being: Its meaning, measurement and moral importance. Oxford Economic Papers 1988; 40(2).

Garfield CA. Do profits & social responsibility mix? Executive Excellence 1999; 9(3).

Carter CF, Marris RL. The economic theory of “Managerial” capitalism. The Free Press of Glencoe 1964.

Schokkaet E, Overlaet B. Moral intuitions and economic models of distributive justice. Social Choice and Welfare 1989; 6(1).

Eli G, Robert MS. The great society: Lessons for the future. Basic Books, Inc. 1974.

Burke G, Black A. Improving organizational productivity: Add ethics. Public Productivity and Management Review 1990; XIV(1).




DOI: http://dx.doi.org/10.18686/fm.v5i3.2108

Refbacks