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| Author: | Frances-Gomez, P. |
| Title: | Some Difficulties in Sacconi's View about Corporate Ethics |
| Journal: | Journal of Business Ethics
2003 : JAN II, VOL. 42:2, p. 165-180 |
| Index terms: | REPUTATION GAMES THEORY OF THE FIRM ETHICS |
| Language: | eng |
| Abstract: | Lorenzo Sacconi's "The Social Contract of the Firm" is a major contribution to the normative theory of the firm. It contains a full-fledged contractarian explanation of the role of Corporate Codes of Ethics. Sacconi proposes a game-theoretical model of the normative structure of the firm, including explicit and implicit contracts binding the members of the organisation, and the so-called constitutional contract: the hypothetical agreement that sets the basic co-operative structure in which the organisation consists. This paper points to several shortcomings of Sacconi's view, and explores alternative understandings of a contractarian morality as applied to business ethics. |
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