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| Tekijä: | Majluf, N.S. Navarrete, C.M. |
| Otsikko: | A two-component compliance and ethics program model: an empirical application to Chilean corporations |
| Lehti: | Journal of Business Ethics
2011 : JUN, VOL. 100:4, p. 567-579 |
| Asiasana: | business ethics empirical research decision making labour corporate culture corporate governance organizational structure Chile South America |
| Vapaa asiasana: | models |
| Kieli: | eng |
| Tiivistelmä: | The emergence of ethical business scandals forced corporations to allocate time and resources to underline the ethical behavior of their managers and employees. The Model of Ethical Behavior in this paper has three main assumptions: (1) the institutionalization of a Compliance and Ethics Program Model is done in terms of only two components: Explicit and Implicit, (2) both components have a significant and direct effect over the employees' ethical behaviour, represented in the model by two variables: Value Consistency and Presence of Ethical Conflicts, and (3) decent ethical behaviour is perceived by employees to positively affect the economic results of the firm. Reliable scales are constructed to measure all these variables from the data collected by the 'Barómetro de Valores y Ética Empresarial,' a 2009 survey applied to 12,321 employees working in 54 Chilean corporations. The empirical analysis implied that three very distinctive components exist in the Presence of Ethical Conflicts variable: (1) the company's actions affecting the employee, (2) its actions affecting other people, and (3) its actions affecting the company. Finally, the Explicit and Implicit components of a Compliance and Ethics Program are verified to have a significant and positive effect over: (1) Value Consistency in employees' behavior; (2) the Presence of Ethical Conflicts in organizations; and (3) the perceived importance of ethics as an essential factor of improved economic performance. |
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