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Impact Study Ethical Values In The Family Business Performance Estudio Del Impacto De Los Valores Eticos En El Desempeno De Las Empresas Familiares

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  • Maria de los Angeles Monterde Valenzuela

Abstract

This paper examines the literature to determine the impact of ethical values on management performance of Mexican family businesses, contextualized in the city of Hermosillo, Sonora. This research is hybrid, because theoretical and empirical sources show different aspects of the culture of the Sonoran businessman. The problems observed during consulting interventions, generated concern to investigate that the impact of ethical or unethical behavior has in the performance of family firms. Some of these businesses reported various existential crises stemming from unethical practices that broke family and business harmony, causing serious economic and emotional consequences. The importance of this study is to know managerial behavior so others can design corrective and preventive strategies to reduce risks. The results show the extent to which work on human values education, business management will be protected and benefit, to the point to say that the act encourages ethical business profitability.

Suggested Citation

  • Maria de los Angeles Monterde Valenzuela, 2014. "Impact Study Ethical Values In The Family Business Performance Estudio Del Impacto De Los Valores Eticos En El Desempeno De Las Empresas Familiares," Revista Global de Negocios, The Institute for Business and Finance Research, vol. 2(3), pages 101-112.
    • Handle: RePEc:ibf:rgnego:v:2:y:2014:i:3:p:101-112
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    More about this item

    Keywords

    Ethical Values; Family Business; Management and Continuity;
    All these keywords.

    JEL classification:

    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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