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Ethical Hazards: A Motive, Means, and Opportunity Approach to Curbing Corporate Unethical Behavior
Shripad G. Pendse
Journal of Business Ethics
Vol. 107, No. 3 (May 2012), pp. 265-279
Published by: Springer
Stable URL: http://www.jstor.org/stable/41476249
Page Count: 15
You can always find the topics here!Topics: Ethical behavior, Business ethics, Ethical codes, Business structures, Banking ethics, Corporate responsibility, Criminal motive, Financial management, Ethical instruction, Stock options
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Scandals in companies such as Enron have been a source of great concern in the last decade. The events that led to a global financial crisis in 2008 have heightened this concern. How does one account for executive behaviors that led to such a crisis? This article argues that a conjunction of motive, means, and opportunity creates 'an ethical hazard' making questionable executive decisions more probable. It then suggests that corporate unethical behavior can be minimized by creating a process to identify and remove such ethical hazards, and by appointing an 'ethical hazards marshal.'
Journal of Business Ethics © 2012 Springer