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Ethics and integrity in multinational companies

Author

Listed:
  • Silvia Delia OLARU

    () (Spiru Haret University, Bucharest, Romania)

  • Elena GURGU

    () (Spiru Haret University, Bucharest, Romania)

Abstract

The good news for multinationals is that globalization is creating more universal standards of business conduct, and these are becoming more rigorous. As more companies adopt these standards, it becomes increasingly important for every multinational to establish companywide core values, standards of behavior, and relevant policies in tune with the rest of the world's ethics and compliance environment. The benefits of an ethical culture outweigh the costs. Globally ethical companies will be those that maintain a strong reputation in all their markets, experience increased employee commitment and loyalty, garner advantages in attracting and retaining customers, and generate superior levels of performance and success.

Suggested Citation

  • Silvia Delia OLARU & Elena GURGU, 2009. "Ethics and integrity in multinational companies," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 10(1), pages 113-120, March.
  • Handle: RePEc:rom:rmcimn:v:10:y:2009:i:1:p:113-120
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    File URL: http://www.rmci.ase.ro/no10vol1/Vol10_No1_Article10.pdf
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    Keywords

    globally ethical companies; business conduct; ethical culture; professional standards; corporate code of conduct.;

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • Z10 - Other Special Topics - - Cultural Economics - - - General

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