| Author: | Schwab, B. |
| Title: | Do good ethics always make for good business? A note on ethics and strategy (Unternehmensethik) |
| Journal: | Strategic Management Journal
1996 : JUN, VOL. 17:6, p. 499-501 |
| Index terms: | |
| Freeterms: | UNTERNEHMENSSTRATEGIE |
| Language: | eng |
| Abstract: | In a recent and insightful article in this journal, Hosmer (1994) argued that ethics is a good business investment, essentially because it entails positive externalities. Viewing business ethics as enlightened self-interest that always pays in the long-run is too easy. While reputation can be a valuable asset, not being tied to a particular code of ethics has an option value. Being ethical may cost, it is still worth pursuing if we believe in goals that transcend shareholder value. The author of the original paper responds to these comments. |
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