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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

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