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What ethics lie Beyond Oil?

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  • Chevis, Gia
  • Stuebs, Marty

Abstract

Companies’ responsibilities for safety are important social and environmental welfare concerns. This fictional case—inspired by actual events—presents a capital investment decision intended to improve oil refinery safety. Beyond Oil (BO), Inc. has a recently-acquired refinery that is in need of extensive modernization and repair. The case analysis requires you to integrate capital investment analysis methods with consideration of ethical responsibilities. You have the opportunity to consider how to incorporate both uncertainty and qualitative/strategic information into a conventional discounted cash flow (DCF) analysis and to weigh competing claims and conflicting incentives in order to make a recommendation.

Suggested Citation

  • Chevis, Gia & Stuebs, Marty, 2012. "What ethics lie Beyond Oil?," Journal of Accounting Education, Elsevier, vol. 30(3), pages 307-324.
  • Handle: RePEc:eee:joaced:v:30:y:2012:i:3:p:307-324
    DOI: 10.1016/j.jaccedu.2012.08.001
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    References listed on IDEAS

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    1. Haywood, M. Elizabeth & Wygal, Donald E., 2009. "Ethics and professionalism: Bringing the topic to life in the classroom," Journal of Accounting Education, Elsevier, vol. 27(2), pages 71-84.
    2. Bots, Jan M. & Groenland, Edward & Swagerman, Dirk M., 2009. "An empirical test of Birkett’s competency model for management accountants: Survey evidence from Dutch practitioners," Journal of Accounting Education, Elsevier, vol. 27(1), pages 1-13.
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    Cited by:

    1. Robinson, Michael A. & Stuebs, Martin & Wilfong, Lauren & Beard, Haylee, 2020. "The costs to bus go round and round: Charting a route to a decision," Journal of Accounting Education, Elsevier, vol. 50(C).
    2. Myriam Merad & Nicolas Dechy & Frédéric Marcel & Igor Linkov, 2013. "Multiple-criteria decision-aiding framework to analyze and assess the governance of sustainability," Environment Systems and Decisions, Springer, vol. 33(2), pages 305-321, June.

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