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The Internal Morality of Contacting: Redeeming the Contractualist Endeavor in Business Ethics

  • J. van Oosterhout
  • P.P.M.A.R. Heugens
  • S.P. Kaptein
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    Integrative Social Contracts Theory (ISCT) is arguably the most promising theory of business ethics to date, but it is often criticized for its inability to produce substantive norms. Rather than abandoning the contractualist endeavor in business ethics altogether, we undertake to redeem it by exploring the internal morality of contracting. We demonstrate that substantive norms for guiding and constraining business conduct can be produced without relying on sources of normativity that are external to the contractualist framework

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    File URL: http://dspace.library.uu.nl/bitstream/handle/1874/309131/03_15.pdf
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    Paper provided by Utrecht School of Economics in its series Working Papers with number 03-15.

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    Date of creation: 2003
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    Handle: RePEc:use:tkiwps:0315
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    1. Donaldson, Thomas & Dunfee, Thomas W., 2002. "Ties that bind in business ethics: Social contracts and why they matter," Journal of Banking & Finance, Elsevier, vol. 26(9), pages 1853-1865, September.
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    9. Robert H. Bates & Steven A. Block & Ghada Fayad & Anke Hoeffler, 2013. "The New Institutionalism and Africa," Journal of African Economies, Centre for the Study of African Economies (CSAE), vol. 22(4), pages 499-522, August.
    10. Boatright, John R., 2002. "Contractors as stakeholders: Reconciling stakeholder theory with the nexus-of-contracts firm," Journal of Banking & Finance, Elsevier, vol. 26(9), pages 1837-1852, September.
    11. Williamson, Oliver E, 1983. "Credible Commitments: Using Hostages to Support Exchange," American Economic Review, American Economic Association, vol. 73(4), pages 519-40, September.
    12. Solomon, Robert C., 2003. "A Better Way to Think About Business: How Personal Integrity Leads to Corporate Success," OUP Catalogue, Oxford University Press, number 9780195167337, March.
    13. Shavell, Steven, 1984. "The Design of Contracts and Remedies for Breach," The Quarterly Journal of Economics, MIT Press, vol. 99(1), pages 121-48, February.
    14. Mooradian, Robert M, 1994. " The Effect of Bankruptcy Protection on Investment: Chapter 11 as a Screening Device," Journal of Finance, American Finance Association, vol. 49(4), pages 1403-30, September.
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