Why is it difficult to be virtuous in business ethics?

Cherré, Benoît; Laarraf, Zouhair; Peterson, Jonathan

doi:10.3233/hsm-190523

Cited by 4 publications

(5 citation statements)

References 46 publications

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“…Another significant challenge to acting ethically is remaining steadfast in one’s endeavors. Cherré et al (2019) offer a pragmatic assessment, contending that failure in this context is related to our internal predispositions to behave unethically, coupled with ethical dilemmas, which test our ability to act in accordance with our values. Their research is based on virtue ethics and asserts that this “weakness of will” sways the ethical decision-making process, thus resulting in nonvirtuous acts.…”

Section: Why It Is Hard To Behave Ethically?mentioning

confidence: 99%

The role of virtue ethics in enhancing reputation through combatting financial crimes

Al‐Khouri

Halteh

et al. 2023

JMLC

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Purpose This paper aims to outline how certain lessons from ethical systems can be relevant and applicable to tackling unethical behavior, including financial crime, within the finance profession. Design/methodology/approach This paper adopts a pragmatic perspective while acknowledging that there is a myriad of reasons managers act unethically, including the reality that many do so knowingly and deliberately. The matter is further complicated by human nature, given an individual’s behavior (ethical or unethical) is not easily discernable from their psychological, sociological, theological or cultural attributes. Findings Although such systems may not solve the problem of corrupt behavior, research suggests that industry professionals can learn to act in a more responsible and ethical manner. Given the wounded reputation of the financial sector, owing to their role in committing financial crimes such as money laundering, advances in ethical conduct would elevate both the effectiveness of the sector, as well as its reputation. Originality/value It is impractical to think we can completely resolve the problem of unethical behavior. Improvement, however, seems possible through promoting virtuous character traits and ethical behavior in individuals and organizations. Virtue ethics can play a significant role in combating financial crime and supporting anti-money laundering initiatives.

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Section: Why It Is Hard To Behave Ethically?mentioning

confidence: 99%

The role of virtue ethics in enhancing reputation through combatting financial crimes

Al‐Khouri

Halteh

et al. 2023

JMLC

View full text Add to dashboard Cite

show abstract

“…In this respect, scholars have noted that ethics are a set of desirable values that aid individuals in performing actions that are deemed good. Cherré, Laarraf [23], therefore, defined ethics as "the study of business situations, activities, and decisions where issues of right and wrong are addressed". These ethical considerations are critical in ensuring organizational operations are consistent with the law.…”

Section: Business Ethicsmentioning

confidence: 99%

“…Job seekers are drawn to organizations that demonstrate ethical treatment and care for their employees. Moreover, employee performance can improve in organizations that prioritize ethical conduct towards their workforce [23].…”

Section: Business Ethicsmentioning

confidence: 99%

Investigating the Impact of Blockchain Technology on Social Sustainability and the Mediating Role of Ethics and CSR

Aljumah

2023

Sustainability

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The main aim of this study was to investigate the impact of blockchain technology, business ethics, and corporate social responsibility (CSR) on social sustainability. Additionally, this study sought to explore how CSR and business ethics serve as mediators in shaping these impacts. This study collected data from employees in the banking sector in the United Arab Emirates (UAE), using a purposive sampling technique. A cross-sectional research design was employed, and a questionnaire was developed to gather responses from 416 participants. The usable response rate was 62.67%. This study utilized structural equation modeling (SEM) with SmartPLS as a tool to analyze the data. The results of this study indicate that blockchain technology has a positive influence on CSR, business ethics, and social sustainability. Additionally, CSR and business ethics have a positive effect on social sustainability. This study confirms the mediating role of business ethics and CSR. These findings can be useful for bank officials and academic decisionmakers in developing strategies.

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“…For Gigerenzer [36], much of the moral behavior is based on heuristics-mental processes that disregard part of the available information and rely on satisficing, without the optimization computation. The research in the bounded rationality/awareness/ethicality area reveals specific systematic patterns, "mental shortcuts" in decision-making that affect ethical dilemmas (differences in declarative and actual behavior, the role of defaults, the role of fear and anxiety, the role of power, competition and anonymity, system 1 cognitive functioning prone to ethical fallacy, majority behavior, framing effect, blind spots, focusing failure, focusing illusion, implicit attitudes and discrimination, in-group/out-group bias, discounting the future, overclaiming credit, equality heuristic, tit for tat, default heuristic, framing of information, slippery slope, motivated blindness, indirect blindness, ethical fading, status quo bias, preference falsification, overconfidence bias, moral equilibrium scorecard, naïve idealism, availability effect, action bias, forbidden fruit, bias blind spot, representative heuristic, anchoring heuristic, moral cowardice, ethical blindness, denial, prioritization of information, motivated reasoning, [1,3,8,10,26,35,36,[40][41][42][43][44][45][46][47][48]). The skewed ethical reasoning sometimes occurs when judging other people's behavior, where people tend to judge the behavior more harshly if it harms identifiable persons [49,50] or change their ethical judgment if the unethical act is carried out through third parties [51,52].…”

Section: Novel Theories In Business Ethicsmentioning

confidence: 99%

“…So, what is an ethical dilemma? Cherre et al [3] quoted Bagnoli's interpretation of an ethical dilemma as a "deliberative trap with no way out". This can certainly be said for the famous trolley problem, but ethical dilemmas have also evolved to a subtler approach, which enables the measurement of the ethical development level and the mental processes that underlie the ethical choice.…”

Section: Introductionmentioning

confidence: 99%

Business Ethics Decision-Making: Examining Partial Reflective Awareness

et al. 2021

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The aim of this research was to examine partial reflective awareness in ethical business choices in Croatia. The ethical decision-making is interlinked with sustainable practices, but it is also its prerequisite. Thus, better understanding of business ethics decision-making provides a basis for designing and implementing sustainability in a corporate setting. The research was done on student populations who will soon carry important roles and make important decisions for individuals, organizations, and society. The field research was conducted using Kohlberg’s scenarios. The results reveal that the process of decision-making goes through the lenses of respondents’ own preferred ethics. However, the reflective awareness of respondents’ preferred ethics is skewed and regularities in that deviations point out to the relevance of the context characteristics and arousal factors. In addition, the individuals do not use all available information in the assessment process. The revealed partial reflective awareness contributes to explanation of why people have problems with justifying their choices. As there are many examples of unethical behavior in the environment that remain unpunished, it is necessary to raise awareness of the issue. Improvement in reflective awareness would contribute to more sustainable ethical choices and reveal a possibility of an intervention design within the higher education framework.

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Why is it difficult to be virtuous in business ethics?

Cited by 4 publications

References 46 publications

The role of virtue ethics in enhancing reputation through combatting financial crimes

The role of virtue ethics in enhancing reputation through combatting financial crimes

Investigating the Impact of Blockchain Technology on Social Sustainability and the Mediating Role of Ethics and CSR

Business Ethics Decision-Making: Examining Partial Reflective Awareness

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