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| Author: | Donaldson, T. Dunfee, T. W. |
| Title: | Ties that bind in business ethics: Social contracts and why they matter |
| Journal: | Journal of Banking and Finance
2002 : SEP, VOL. 26:9, p. 1853-1866 |
| Index terms: | ETHICS FINANCE AUDITING CONTRACTS |
| Language: | eng |
| Abstract: | How should bankers respond to challenges about whether to separate stock analysis from the other financial functions of financial services companies, or whether to maintain relationships with socially discredited customers. The authors wrote a book recently, Ties That Bind out of their conviction that answering many of these questions requires a new approach to business ethics, one that exposes the implicit understandings or "contracts" that bind industries, companies, and economic systems into communities. In this article the authors unpack the fundamental elements of the authors' approach called Integrative Social Contracts Theory (ISCT) and demonstrate how the theory can be applied to a particular question currently asked in the financial services industry. |
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