IDEAS home Printed from https://ideas.repec.org/a/kap/jbuset/v117y2013i4p695-706.html
   My bibliography  Save this article

A Constructivist Approach to Business Ethics

Author

Listed:
  • Michael Buckley

Abstract

A recurrent challenge in applied ethics concerns the development of principles that are both suitably general to cover various cases and sufficiently exact to guide behavior in particular instances. In business ethics, two central approaches—stockholder and stakeholder—often fail by one or the other requirement. The author argues that the failure is precipitated by their reliance upon “universal” theory, which views the justification of principles as both independent of their context of application and universally appropriate to all contexts. The author develops a contextual interpretation of “constructivism” as an alternative approach, and argues that this alternative meets the above challenge. Copyright Springer Science+Business Media Dordrecht 2013

Suggested Citation

  • Michael Buckley, 2013. "A Constructivist Approach to Business Ethics," Journal of Business Ethics, Springer, vol. 117(4), pages 695-706, November.
  • Handle: RePEc:kap:jbuset:v:117:y:2013:i:4:p:695-706
    DOI: 10.1007/s10551-013-1719-x
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s10551-013-1719-x
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: https://libkey.io/10.1007/s10551-013-1719-x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Wendt, Alexander, 1992. "Anarchy is what states make of it: the social construction of power politics," International Organization, Cambridge University Press, vol. 46(2), pages 391-425, April.
    2. Olson, Steven, 1995. "Old Guards, Young Turks, and the $64,000 Question: What is Business Ethics?," Business Ethics Quarterly, Cambridge University Press, vol. 5(2), pages 371-379, April.
    3. Heath, Joseph, 2006. "Business Ethics without Stakeholders," Business Ethics Quarterly, Cambridge University Press, vol. 16(4), pages 533-557, October.
    4. Hasnas, John, 1998. "The Normative Theories of Business Ethics: A Guide for the Perplexed," Business Ethics Quarterly, Cambridge University Press, vol. 8(1), pages 19-42, January.
    5. Kevin Morrell & Ian Clark, 2010. "Private Equity and the Public Good," Journal of Business Ethics, Springer, vol. 96(2), pages 249-263, October.
    6. Alexei M. Marcoux, 2006. "The Concept of Business in Business Ethics," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 22(Spring 20), pages 50-67.
    7. V. Brand, 2009. "Empirical Business Ethics Research and Paradigm Analysis," Journal of Business Ethics, Springer, vol. 86(4), pages 429-449, June.
    8. Phillips, Robert & Freeman, R. Edward & Wicks, Andrew C., 2003. "What Stakeholder Theory is Not," Business Ethics Quarterly, Cambridge University Press, vol. 13(4), pages 479-502, October.
    9. Mill, John Stuart, 1859. "On Liberty," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number mill1859.
    10. De George, Richard T., 2005. "Intellectual Property and Pharmaceutical Drugs: An Ethical Analysis," Business Ethics Quarterly, Cambridge University Press, vol. 15(4), pages 549-575, October.
    11. Maitland, Ian, 2002. "Priceless Goods: How Should Life-Saving Drugs be Priced?," Business Ethics Quarterly, Cambridge University Press, vol. 12(4), pages 451-480, October.
    12. DiMasi, Joseph A. & Hansen, Ronald W. & Grabowski, Henry G., 2003. "The price of innovation: new estimates of drug development costs," Journal of Health Economics, Elsevier, vol. 22(2), pages 151-185, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hyemi Shin & Mai Chi Vu & Nicholas Burton, 2022. "Micro-processes of Moral Normative Engagement with CSR Tensions: The Role of Spirituality in Justification Work," Journal of Business Ethics, Springer, vol. 179(2), pages 597-615, August.
    2. Christopher Chan & Subramaniam Ananthram, 2020. "A neo-institutional perspective on ethical decision-making," Asia Pacific Journal of Management, Springer, vol. 37(1), pages 227-262, March.
    3. Mai Chi Vu & Nicholas Burton, 2022. "The Influence of Spiritual Traditions on the Interplay of Subjective and Normative Interpretations of Meaningful Work," Journal of Business Ethics, Springer, vol. 180(2), pages 543-566, October.
    4. Christopher Chan & Subramaniam Ananthram, 2020. "A neo-institutional perspective on ethical decision-making," Post-Print hal-03107344, HAL.
    5. Sevdiye E. Yılmaz, 2019. "Methodological View of Business Ethics Researches in Turkey: A Review on Postgraduate Theses," International Business Research, Canadian Center of Science and Education, vol. 12(8), pages 107-115, August.
    6. Kasim Khorasanee, 2024. "Spoof, Bluff, Go For It: A Defence of Spoofing," Journal of Business Ethics, Springer, vol. 189(1), pages 201-215, January.
    7. Steven A. Brieger & Siri A. Terjesen & Diana M. Hechavarría & Christian Welzel, 2019. "Prosociality in Business: A Human Empowerment Framework," Journal of Business Ethics, Springer, vol. 159(2), pages 361-380, October.
    8. Christopher Chan & Subramaniam Ananthram, 2019. "Religion-Based Decision Making in Indian Multinationals: A Multi-faith Study of Ethical Virtues and Mindsets," Journal of Business Ethics, Springer, vol. 156(3), pages 651-677, May.

    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. Johannes Jahn & Rolf Brühl, 2018. "How Friedman’s View on Individual Freedom Relates to Stakeholder Theory and Social Contract Theory," Journal of Business Ethics, Springer, vol. 153(1), pages 41-52, November.
    2. John Hasnas, 2013. "Whither Stakeholder Theory? A Guide for the Perplexed Revisited," Journal of Business Ethics, Springer, vol. 112(1), pages 47-57, January.
    3. Lori Verstegen Ryan, 2006. "Foundation and Form of the Field of Business Ethics," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 22(Spring 20), pages 34-49.
    4. Chris Durden, 2008. "Towards a socially responsible management control system," Accounting, Auditing & Accountability Journal, Emerald Group Publishing Limited, vol. 21(5), pages 671-694, June.
    5. Joseph Heath, 2011. "Business Ethics and the ‘End of History’ in Corporate Law," Journal of Business Ethics, Springer, vol. 102(1), pages 5-20, March.
    6. Miguel Alzola, 2018. "Decent Work: The Moral Status of Labor in Human Resource Management," Journal of Business Ethics, Springer, vol. 147(4), pages 835-853, February.
    7. James Huebner, 2014. "Moral Psychology and the Intuition that Pharmaceutical Companies Have a ‘Special’ Obligation to Society," Journal of Business Ethics, Springer, vol. 122(3), pages 501-510, July.
    8. Jocelyn D. Evans & Elise Perrault & Timothy A. Jones, 2017. "Managers’ Moral Obligation of Fairness to (All) Shareholders: Does Information Asymmetry Benefit Privileged Investors at Other Shareholders’ Expense?," Journal of Business Ethics, Springer, vol. 140(1), pages 81-96, January.
    9. Eric Brown, 2013. "Vulnerability and the Basis of Business Ethics: From Fiduciary Duties to Professionalism," Journal of Business Ethics, Springer, vol. 113(3), pages 489-504, March.
    10. Alan Singer, 2010. "Integrating Ethics and Strategy: A Pragmatic Approach," Journal of Business Ethics, Springer, vol. 92(4), pages 479-491, April.
    11. Steininger, Lea & Hesse, Casimir, 2024. "Buying into new ideas: The ECB’s evolving justification of unlimited liquidity," Department of Economics Working Paper Series 357, WU Vienna University of Economics and Business.
    12. Melinda Timea FÜLÖP & Mirela-Oana PINTEA, 2014. "Effects Of The New Regulation And Corporate Governance Of The Audit Profession," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 4, pages 545-554, July.
    13. Mara Del Baldo, 2012. "Corporate social responsibility and corporate governance in Italian SMEs: the experience of some “spirited businesses”," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 16(1), pages 1-36, February.
    14. Maarten Ijzerman & Lotte Steuten, 2011. "Early assessment of medical technologies to inform product development and market access," Applied Health Economics and Health Policy, Springer, vol. 9(5), pages 331-347, September.
    15. Harald Schoen, 2008. "Identity, Instrumental Self-Interest and Institutional Evaluations," European Union Politics, , vol. 9(1), pages 5-29, March.
    16. Holger Patzelt & Dean A. Shepherd, 2009. "Strategic Entrepreneurship at Universities: Academic Entrepreneurs’ Assessment of Policy Programs," Entrepreneurship Theory and Practice, , vol. 33(1), pages 319-340, January.
    17. Patzelt, Holger & zu Knyphausen-Aufseß, Dodo & Fischer, Heiko T., 2009. "Upper echelons and portfolio strategies of venture capital firms," Journal of Business Venturing, Elsevier, vol. 24(6), pages 558-572, November.
    18. Ruben Burga & Davar Rezania, 2016. "Stakeholder theory in social entrepreneurship: a descriptive case study," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 6(1), pages 1-15, December.
    19. Margaret Oppenheimer & Helen LaVan & William Martin, 2015. "A Framework for Understanding Ethical and Efficiency Issues in Pharmaceutical Intellectual Property Litigation," Journal of Business Ethics, Springer, vol. 132(3), pages 505-524, December.
    20. Robert E. Till & Mary Beth Yount, 2019. "Governance and Incentives: Is It Really All about the Money?," Journal of Business Ethics, Springer, vol. 159(3), pages 605-618, October.

    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:kap:jbuset:v:117:y:2013:i:4:p:695-706. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.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.