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Greed and Strategic Risk Management: Biblical Ethics in Combatting Corruption

Author

Listed:
  • Ama Foriwaa Karikari

    (School of Graduate Studies, Valley View University, Ghana)

  • Peter Agyekum Boateng

    (School of Graduate Studies, Valley View University, Ghana)

  • Victoria Manu

    (School of Graduate Studies, Valley View University, Ghana)

  • Jeanette Owusu

    (School of Graduate Studies, Valley View University, Ghana)

  • Jonas Yomboi

    (School of Graduate Studies, Valley View University, Ghana)

Abstract

Corporate corruption, driven by greed, poses significant threats to economic stability and organizational integrity. Traditional risk management frameworks often overlook the ethical dimensions of corruption, leaving systemic greed and unethical behaviors unaddressed. This study explores the profound impact of greed on corporate corruption and proposes biblically informed strategies to mitigate such behaviors. Through a systematic literature review, it synthesizes research on greed, biblical ethics, and ethical risk management frameworks, highlighting key principles like stewardship, humility, and servant leadership. Findings reveal that greed disrupts decision-making processes and erodes organizational cultures, while biblical ethics provide actionable solutions for fostering accountability, transparency, and sustainability. The study emphasizes the integration of these principles into corporate governance, ethics training, and stewardship-based financial practices to combat corruption. However, challenges in universal application and limited empirical evidence warrant further cross-cultural and longitudinal research to enhance understanding and implementation.

Suggested Citation

  • Ama Foriwaa Karikari & Peter Agyekum Boateng & Victoria Manu & Jeanette Owusu & Jonas Yomboi, 2025. "Greed and Strategic Risk Management: Biblical Ethics in Combatting Corruption," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 9(4), pages 4721-4734, April.
    • Handle: RePEc:bcp:journl:v:9:y:2025:issue-4:p:4721-4734
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    References listed on IDEAS

    as
    1. Dajani, Jorge & Rossert, Marianne, 2024. "The role of ethical leadership in resilient corporations," Journal of Financial Compliance, Henry Stewart Publications, vol. 7(3), pages 249-255, April.
    2. Thomas Li-Ping Tang & Toto Sutarso & Mahfooz A. Ansari & Vivien K. G. Lim & Thompson S. H. Teo & Fernando Arias-Galicia & Ilya E. Garber & Randy Ki-Kwan Chiu & Brigitte Charles-Pauvers & Roberto Luna-, 2018. "Monetary Intelligence and Behavioral Economics: The Enron Effect—Love of Money, Corporate Ethical Values, Corruption Perceptions Index (CPI), and Dishonesty Across 31 Geopolitical Entities," Journal of Business Ethics, Springer, vol. 148(4), pages 919-937, April.
    3. Eliana Judith Yazo-Cabuya & Asier Ibeas & Jorge Aurelio Herrera-Cuartas, 2024. "Integrating Sustainability into Risk Management through Analytical Network Process," Sustainability, MDPI, vol. 16(6), pages 1-28, March.
    4. Jian Zhang, 2018. "Public Governance and Corporate Fraud: Evidence from the Recent Anti-corruption Campaign in China," Journal of Business Ethics, Springer, vol. 148(2), pages 375-396, March.
    5. Achref Marzouki & Jamel Chouaibi & Tijani Amara, 2023. "Do business ethics moderate corporate corruption risk-ESG reporting relationship? Evidence from European ESG firms," International Journal of Ethics and Systems, Emerald Group Publishing Limited, vol. 40(4), pages 734-758, November.
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