IDEAS home Printed from https://ideas.repec.org/a/khe/journl/v7y2015i4p75-78.html
   My bibliography  Save this article

Business ethics. The relevance of value-creating teachings in the contemporary business environment

Author

Listed:
  • Oana Maria Albescu

    ()

Abstract

The objective of the present study is the research of the main philosophical theories and ethical teachings that are able to frame a new business environment, dedicated to the creation of value, not only for shareholders, but also for stakeholders. Multinational companies have the opportunity to benefit from the values formulated by ancient ethical philosophy, moral doctrines of duty or the protestant ethics, for example: ”justice as the supreme virtue”, according to Aristotle; the sense of duty – “great and sublime name” and the Kantian categorical imperative; the continuous work and the rational control of the earnings, according to the protestant ethics school of thought. The considerable argument of the research is related to the fact that in the international post-crisis context these values have the mission to help the multinational companies to adopt new business strategies, in order to be ethically responsible and to have a sustainable behavior, characterized by long-term benefits, not only for the financial performance of the company, but also for the economic and social support of the communities.

Suggested Citation

  • Oana Maria Albescu, 2015. "Business ethics. The relevance of value-creating teachings in the contemporary business environment," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 7(4), pages 75-78, December.
  • Handle: RePEc:khe:journl:v:7:y:2015:i:4:p:75-78
    as

    Download full text from publisher

    File URL: http://orizonturi.ucdc.ro/arhiva/khe-vol7-nr4-2015/Oana_Albescu.pdf
    Download Restriction: no

    File URL: http://orizonturi.ucdc.ro/arhiva/khe-vol7-nr4-2015/Oana_Albescu.pdf
    Download Restriction: no

    More about this item

    Keywords

    Financial crisis; value crisis; business ethics; the pyramid model of corporate social responsibility; sustainability;

    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm

    Statistics

    Access and download statistics

    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:khe:journl:v:7:y:2015:i:4:p:75-78. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Adi Sava). General contact details of provider: http://edirc.repec.org/data/ffucdro.html .

    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.

    We have no references for this item. You can help adding them by using 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.