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Author:Sethi, S. P.
Title:Globalization and the Good Corporation: A Need for Proactive Co-existence
Journal:Journal of Business Ethics
2003 : MAR, VOL. 43:1-2, p. 21-31
Index terms:SOCIAL ACCOUNTING
ACCOUNTABILITY
SOCIAL RESPONSIBILITY
GLOBALIZATION
MARKETS
STAKEHOLDERS
Language:eng
Abstract:Large corporations are corning under intense pressure to act in a socially responsible manner. Corporations have accepted this notion provided that it is exercised voluntarily. It has also been argued that corporations can do well by doing good, and that good ethics is good business. This paper presents an alternative viewpoint by demonstrating that while voluntary socially responsible conduct is desirable, it plays a rather small role in inspiring good corporate conduct. Instead, (a) it is the external economic-competitive conditions that define the parameters and opportunities for good corporate conduct; and (b) the values and traditions of the corporations, and their perceived risk in exploiting those opportunities, that influence the extent of a corporation's socially responsible conduct.
SCIMA record nr: 248360
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