search query: @author Etzioni, A. / total: 11
reference: 4 / 11
| Author: | Etzioni, A. |
| Title: | Corporate behavior: Fewer flaws mean fewer laws |
| Journal: | Business and Society Review
1992 : SPRING, 81, p. 13-17 |
| Index terms: | BUSINESS ETHICS COMPANY LAW CORPORATE CULTURE |
| Language: | eng |
| Abstract: | What, if anything, is needed to replace regulation? The business community is surprisingly mum on that question. Occasionally, its representatives argue that no particular steps are needed because markets and, more generally, economic conduct, are selfcorrecting. If a supplier produces shoddy products that maim workers or endanger consumers, people will cease to buy these items and the suppliers will go out of business. Or, the insurance premiums suppliers will have to pay to guard against potential liability suits would be so high as to make unethical business unprofitable. Indeed, the anticipation of economic "penalties" is said to be so severe as to discourage manufacturers, sellers, and others from acting immorally. Unfortunately, there are many reasons unethical and even outright illegal behavior pays and is surprisingly common. |
SCIMA