On NGOs’ Role in the Development of Business Ethics in Slovakia

Remišová, Anna; Lašáková, Anna

doi:10.30958/ajbe.4-4-3

Cited by 2 publications

(1 citation statement)

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“…The importance of ethical behaviour both as an individual and as a business is an issue that has not received much attention. This opinion is confirmed by Remišová and Lašáková (2018), who state that in Slovakia, the integration of corporate social responsibility in new economic entities has occurred without setting up a solid foundation, with both private companies and state authorities displaying limited interest in business ethics, leading to its marginalisation. Even after more than two decades of business ethics development in Slovakia, a lack of systematic support for business ethics persists.…”

Section: Introductionmentioning

confidence: 90%

Ethical management and stakeholder relations: Insights from Slovak companies with foreign participation

Kozáková,

Filová,

Skýpalová

2024

J. Infras. Policy. Dev.

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The practice of ethical management has gained traction due to its role in enhancing stakeholder relations, which can have severe repercussions for organisations. By prioritising ethics, companies not only uphold moral principles but also gain a competitive advantage. This is particularly true in societies that value socially responsible business and give preference to companies that go beyond the requirements of the law. Understanding the significance of ethical management practices is therefore becoming key to creating a responsible and sustainable business environment that benefits both an organisation and its stakeholders, such as employees, consumers and society. The purpose of this article is to present a comprehensive exploration of the impact of selected aspects of ethical management in Slovak companies with foreign participation on the ethicality of their relationships with stakeholders. By examining a range of factors related to ethical management, the article seeks to identify statistically significant differences among companies with different approaches to managing business ethics. Employing this analysis, the article contributes to the understanding of ethical practices in Slovak companies and provides insights for academics and practitioners of business ethics. The data used for this analysis was collected through an online questionnaire survey, resulting in a sample size of 179 monitored subjects, all of whom are Slovak companies with foreign participation. The research design included two groups of factors: “general factors of business ethics” or “ethical management approaches” and “ethicality of company-stakeholder relationships.” The statistical analysis included the Shapiro-Wilk normality test, followed by the non-parametric Kruskal-Wallis H test, and post hoc analysis using the Bonferroni adjustment for previously identified significances. The results of the research presented in the article indicate a predominantly positive ethical stance towards employees, suppliers, customers and other stakeholders among Slovak companies. Statistically significant differences were found in the levels of ethicality in relation to legal form, with limited liability and joint-stock companies showing different perceptions towards supplier ethics. The research also proves that an ethical organisational climate is a major determinant of the ethicality of Slovak companies and suggests that a robust integration of ethics into strategic planning significantly improves their stakeholder relations. It can also be concluded that the scope of a code of ethics is particularly significant for community relations, whereas the frequency with which it is updated has less impact. This research holds significant value because it explores the impact of ethical management practices on stakeholder relations and ethical issues in Slovak companies with foreign participation. By focusing on the specific context of Slovak companies, the research offers unique insights into the relationship between ethical management factors and stakeholder dynamics. This research aims to bridge a gap by shedding light on the intricate dynamics between ethical management and stakeholder relations. The findings provide valuable guidance to organisational leaders, policymakers and stakeholders in fostering ethical behaviour and mitigating ethical risks within companies.

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Section: Introductionmentioning

confidence: 90%

Ethical management and stakeholder relations: Insights from Slovak companies with foreign participation

Kozáková,

Filová,

Skýpalová

2024

J. Infras. Policy. Dev.

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Unethical practices in the Slovak business environment: Entrepreneurs vs. the State?

Remišová

Lašáková

2020

Ethics &Amp; Bioethics

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AbstractThis paper critically analyses one of the unexpected results of qualitative research aimed at detecting the presence of unethical business practices in Slovakia. The authors seek to find out why entrepreneurs participating in this research do not take responsibility for the development of business ethics and why, in their primary reflections on unethical practices in the Slovak business environment, have they shifted it almost completely to the State level (1), and whether their attitude is morally justified (2). The main theoretical foundation in the following analysis is the theory of development of business ethics on three levels (micro, mezzo and macro), also known as the “subject-matter of business ethics” approach. The paper discusses attitudes of the research sample, including Slovak entrepreneurs and company representatives, towards the State, and the consecutive critical reflection of their opinions shows that businesspersons tend to give up on their own proactive approach to the development of business ethics and position themselves in the role of an “expectant” instead of a “creator” of ethical standards in society. Furthermore, the paper points out that businesses lack ethical self-reflection in relation to corruption, more precisely, they lack reflection of their place in the corrupt relationship with the State. Given these findings, the paper concludes that an essential basis for the long-term development of business ethics in our country is the establishment of partnerships between the State and business entities, while recognizing the place of nongovernmental democratic institutions.

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On NGOs’ Role in the Development of Business Ethics in Slovakia

Cited by 2 publications

References 24 publications

Ethical management and stakeholder relations: Insights from Slovak companies with foreign participation

Ethical management and stakeholder relations: Insights from Slovak companies with foreign participation

Unethical practices in the Slovak business environment: Entrepreneurs vs. the State?

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