Economic Criteria Versus Ethical Criteria. Toward Resolving a Basic Dilemma in Business
Today''s headlines suggest that economic criteria alone is the basis for business decision-making. This paper argues that while profitability is a legitimate end of business, it must be moderated by ethical considerations. But can business be both successfuland ethical? Practical examples highlight individuals who chose profitability over ethical responsibility and those who chose and continue to choose both. The authors propose that there is an ethical person profile. Corporate managers can resolve the profits vs ethics dilemma by modeling ethical behavior.
Available from: pe.uni-bayreuth.de
- "Sex , age , income , category , and education level were all measured using self - selected categories , along with information about how investments were purchased and the types of investments held . Orientation and impor - tance of financial return were measured using two seven - point Likert scale items , the former being adapted from O ' Neil and Pienta ( 1994 ) "
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ABSTRACT: Socially responsible investment is a rapidly emerging phenomenon within the field of personal investment. However, the factors
that lead investors to choose socially responsible investment products are not well understood, especially in an Australian
context. This study provides a comparative examination of conventional and socially responsible investors, with the aim of
identifying such factors. A total of 55 conventional investors and 54 ethical investors participated in the study by completing
mailed questionnaires about their investment and general behaviour and their attitudes and beliefs. Results indicated some
important differences between socially responsible and conventional investors in their beliefs of the importance of ethical
issues, their investment decision-making style, and their perceptions of moral intensity. These results support the notion
that socially responsible investors differ in critical ways to conventional investors, and are discussed in terms of theoretical
and practical implications.
Available from: Elena Marie Papavero
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