IDEAS home Printed from https://ideas.repec.org/a/jfr/jms111/v4y2013i3p94-102.html
   My bibliography  Save this article

Crafting a Sustainable Corporate Performance: The Value of Corporate Conscience

Author

Listed:
  • J Kamwachale Khomba
  • Rabiya Hanif
  • Ella C Kangaude-Ulaya
  • Kizito Kanyoma

Abstract

It is common knowledge that an organisation cannot operate in isolation without the critical roles that various stakeholders play in influencing organisational operations and ultimate corporate performance. Thus, stakeholders that are interdependent have to be rewarded based on their respective efforts in promoting and creating organisational wealth in different capacities. This study aimed at ascertaining the extent of corporate conscience phenomenon as on how body corporates in Malawi tackle and distribute wealth to their different stakeholders who are actively involved in the creation of such an organisational wealth. The study findings reveal that most business executives in Malawi recognise that being a body corporate with a conscience is a recipe for success of their current and future operations and the ultimate sustainable corporate performance. It is anticipated that the study results will improve the perception of business executives towards corporate conscience as well as transform the approaches in academic and business research programmes.

Suggested Citation

  • J Kamwachale Khomba & Rabiya Hanif & Ella C Kangaude-Ulaya & Kizito Kanyoma, 2013. "Crafting a Sustainable Corporate Performance: The Value of Corporate Conscience," Journal of Management and Strategy, Journal of Management and Strategy, Sciedu Press, vol. 4(3), pages 94-102, August.
    • Handle: RePEc:jfr:jms111:v:4:y:2013:i:3:p:94-102
    as

    Download full text from publisher

    File URL: http://www.sciedu.ca/journal/index.php/jms/article/view/3172/1868
    Download Restriction: no
    File URL: http://www.sciedu.ca/journal/index.php/jms/article/view/3172
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Smith, Adam, 1759. "The Theory of Moral Sentiments," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number smith1759.
    2. Andreas Rasche & Daniel Esser, 2006. "From Stakeholder Management to Stakeholder Accountability," Journal of Business Ethics, Springer, vol. 65(3), pages 251-267, May.
    3. Chenhall, Robert H., 2005. "Integrative strategic performance measurement systems, strategic alignment of manufacturing, learning and strategic outcomes: an exploratory study," Accounting, Organizations and Society, Elsevier, vol. 30(5), pages 395-422, July.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Francisco Alvarez-Cuadrado & Ngo Van Long, 2012. "Envy and Inequality," Scandinavian Journal of Economics, Wiley Blackwell, vol. 114(3), pages 949-973, September.
    2. Charles M. A. Clark, 2021. "Editor’s Introduction: Economics and the Option for the Poor," American Journal of Economics and Sociology, Wiley Blackwell, vol. 80(4), pages 1051-1059, September.
    3. Heira Georgina Valdez-Bocanegra & Gonzalo Maldonado-Guzmán & Carmen Castrejón-Mata, 2020. "The Entrepreneurial Orientation and its Impact on Competitiveness and Growth: Empirical Evidence in the State of Aguascalientes in Mexico," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 10(3), pages 1-6.
    4. Andrew Lynn, 2022. "Ethics, Economics, and the Specter of Naturalism: The Enduring Relevance of the Harmony Doctrine School of Economics," Journal of Business Ethics, Springer, vol. 178(3), pages 661-673, July.
    5. Ivan Hilliard, 2013. "Responsible Management, Incentive Systems, and Productivity," Journal of Business Ethics, Springer, vol. 118(2), pages 365-377, December.
    6. Alice Martini, 2019. "Socially responsible investing: from the ethical origins to the sustainable development framework of the european union," Public Finance Research Papers 36, Istituto di Economia e Finanza, DSGE, Sapienza University of Rome.
    7. Schnellenbach, Jan & Schubert, Christian, 2015. "Behavioral political economy: A survey," European Journal of Political Economy, Elsevier, vol. 40(PB), pages 395-417.
    8. Hall, Matthew, 2010. "Accounting information and managerial work," LSE Research Online Documents on Economics 28539, London School of Economics and Political Science, LSE Library.
    9. Dima Jamali, 2010. "MNCs and International Accountability Standards Through an Institutional Lens: Evidence of Symbolic Conformity or Decoupling," Journal of Business Ethics, Springer, vol. 95(4), pages 617-640, September.
    10. David A. Weisbach, 2008. "What Does Happiness Research Tell Us About Taxation?," The Journal of Legal Studies, University of Chicago Press, vol. 37(S2), pages 293-324, June.
    11. Bauer, Johannes M., 2014. "Platforms, systems competition, and innovation: Reassessing the foundations of communications policy," Telecommunications Policy, Elsevier, vol. 38(8), pages 662-673.
    12. Richard M. Robinson, 2018. "Friendships of Virtue, Pursuit of the Moral Community, and the Ends of Business," Journal of Business Ethics, Springer, vol. 151(1), pages 85-100, August.
    13. Masahiko Aoki, 2013. "Institutions as cognitive media between strategic interactions and individual beliefs," Chapters, in: Comparative Institutional Analysis, chapter 17, pages 298-312, Edward Elgar Publishing.
    14. Nurisyal Muhamad & Sofiah Md Auzair & Amizawati Mohd Amir & Md Daud Ismail, 2016. "Measuring Sustainability Performance Measurement System," EuroEconomica, Danubius University of Galati, issue 3(12), pages 182-199, JUNE.
    15. Benno Torgler & Sascha L. Schmidt & Bruno S. Frey, 2006. "The Power of Positional Concerns: A Panel Analysis," CREMA Working Paper Series 2006-19, Center for Research in Economics, Management and the Arts (CREMA).
    16. Hernández-Pizarro, Helena M. & Nicodemo, Catia & Casasnovas, Guillem López, 2020. "Discontinuous system of allowances: The response of prosocial health-care professionals," Journal of Public Economics, Elsevier, vol. 190(C).
    17. Jan Bouwens & Laurence Van Lent, 2007. "Assessing the Performance of Business Unit Managers," Journal of Accounting Research, Wiley Blackwell, vol. 45(4), pages 667-697, September.
    18. Harvey James, 2006. "Sustainable agriculture and free market economics: Finding common ground in Adam Smith," Agriculture and Human Values, Springer;The Agriculture, Food, & Human Values Society (AFHVS), vol. 23(4), pages 427-438, December.
    19. repec:dau:papers:123456789/10751 is not listed on IDEAS
    20. Schlicht Ekkehart, 2000. "Aestheticism in the Theory of Custom," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 10(1), pages 1-21, March.
    21. Saez, Emmanuel & Stantcheva, Stefanie, 2018. "A simpler theory of optimal capital taxation," Journal of Public Economics, Elsevier, vol. 162(C), pages 120-142.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:jfr:jms111:v:4:y:2013:i:3:p:94-102. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jenny Zhang (email available below). General contact details of provider: http://jms.sciedupress.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.