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When can financial advisor conflicts of interest generate worse outcomes for clients? A regulation following from Dodd-Frank prohibits municipal advisors from simultaneously acting as bond underwriters. Using a difference-in-differences approach and 20,051 bond auctions, I test whether limited advisor privileges affect financial advice and borrower outcomes. Financing costs of bonds with potential dual advisor-underwriters fall by 11.4 basis points after the advisor is no longer allowed to underwrite. The decline follows from increases in standardization, third-party certification, and auction participation, all of which are consistent with limiting the adverse selection that arises from advisors withholding information from the market. (JEL D44, D53, G12, G14, G28, H74) [ABSTRACT FROM AUTHOR]

In this article, I present a sociological approach to the problem of meaningful work that dwells on its broad social and cultural sources, as opposed to the focus on subjective and organizational factors currently prevailing in the field. Specifically, I consider two sociological perspectives, those of community and autonomy, as important conceptual tools for understanding the ambivalent character of modern culture in providing individuals with a sense of meaningfulness of their activities. I also review some of the existing research on meaningful work and interpret it through this conceptual distinction, both to show the latter's relevance for the field and to identify the gaps it might help fill. As a result, based on the sociological perspectives, I propose a general conceptual model and discuss five directions to further advance the theoretical comprehension of meaningful work, and I suggest some implications of these perspectives for normative business ethics. [ABSTRACT FROM AUTHOR]

This document is an abstract from the Journal of Personal Selling & Sales Management, which covers various topics related to personal selling and sales management. The abstracts summarize recent research articles in these areas, providing valuable insights for researchers and practitioners in the field of sales and marketing. One article discusses the importance of considering cultural differences when conducting international sales force research and proposes a method called "response standardization" to improve the comparability of survey data. Another article explores the use of automation and technology in B2B salesperson pricing decisions, suggesting that a human-machine hybrid approach can improve pricing accuracy and efficiency. The collection of research articles covers a wide range of topics, including the impact of social media on B2B buying behavior, the role of AI in enhancing the customer experience, and the relationship between ethical leadership and salesperson creativity. [Extracted from the article]

Organizations can motivate and coordinate work by socializing members to internalize organizational values. Existing theories posit that organizations achieve normative control through encapsulation, wherein peers and managers are primary sources of members' socialization. Drawing on ethnographic data from a not-for-profit school, I show how an external actor—beneficiaries—can become a source of normative control. I develop a multistage process that explains how teachers were socialized by parents, specifically by hearing these parent beneficiaries narrate their needs; engaging in collective storytelling about beneficiaries; experiencing episodic shaming centered on how teachers' daily performance met (or did not meet) beneficiaries' needs; and receiving validation from beneficiaries. Because these sequential stages establish beneficiaries as sources of control through social interactions set in specific times and places, and establish shared emotional states among organizational members, I theorize that these stages compose a ritual of integration. Although teachers initially arrived at the school with heterogeneous values, this ritual led many of them to internalize the organizational value of self-sacrifice. Teachers who were unmoved by parents' stories or came to see parents as exploitative did not internalize this value, and they tended to exit the organization. This study reveals how normative control can arise not only through socialization from in-group members but also from ritual interactions with and about beneficiaries. [ABSTRACT FROM AUTHOR]

This paper conducts a textual analysis of earnings call transcripts to quantify climate risk exposure at the firm level. We construct dictionaries that measure physical and transition climate risks separately and identify firms that proactively respond to climate risks. Our validation analysis shows that our measures capture firm-level variations in respective climate risk exposure. Firms facing high transition risk, especially those that do not proactively respond, have been valued at a discount in recent years as aggregate investor attention to climate-related issues has been increasing. We document differences in how firms respond through investment, green innovation, and employment when facing high climate risk exposure. [ABSTRACT FROM AUTHOR]

"Diversity and Inclusion Matters: Tactics and Tools to Inspire Equity and Game-Changing Performance" by Jason R. Thompson is a practical guide for individuals leading diversity, equity, and inclusion (DE&I) initiatives in organizations. Thompson, drawing from his experience as a DE&I practitioner, provides a roadmap for starting and measuring progress in DE&I programs, addressing systemic issues, and creating strong DE&I teams. The book emphasizes the importance of recruitment and retention in DE&I programs and offers templates, tools, and examples tailored to different industries. While the book lacks academic sources, it serves as a valuable resource for practitioners and can inspire future research in the field of DE&I. [Extracted from the article]

Stephanie Collins' book, "Organizations as Wrongdoers: From Ontology to Morality," explores the concept of organizations as moral agents and their responsibility for wrongdoing. Collins defines an organization as a collective agent that coordinates labor through rules and hierarchical command relations. She argues that organizations are real and have agency, which makes them blameworthy for their actions. However, there are challenges in attributing blame to organizations, such as the role of individual members and power dynamics within organizations. Collins' theory requires further examination of the epistemic and political inequalities that exist in real organizations to properly attribute blame. [Extracted from the article]

The text discusses Eija-Liisa Ahtila's video installation titled "Horizontal," which features a six-channel projected video of a spruce tree. The installation aims to challenge the perception of trees as passive objects and instead presents the spruce as a sensing body deeply connected to its environment. By experiencing the installation, viewers are encouraged to reconsider their relationship with the nonhuman world and develop a more affective and relational ethics. The text emphasizes the importance of alternative ways of perceiving and relating to the world in the face of climate crisis and calls for a posthuman business ethics that includes nonhuman entities and materialities. [Extracted from the article]

This article reviews and criticizes Joseph Heath's market failures approach (MFA) to business ethics. Our criticism is organized into three sections. First, we argue that, even under the ideal assumptions of perfect competition, when markets generate Pareto-efficient distributions, Heath's approach does not rule out significant harms. Second, we show that, under nonideal conditions, the MFA is either too demanding, if efficiency is to be attained, or not sufficiently demanding, if the goal of Pareto efficiency is abandoned. Finally, we argue that Heath's appeal to regulations and specific moral requirements as a remedy for market failures is unlikely to safeguard efficiency and exposes a number of general worries regarding the moral force of the MFA. We end this article with a constructive suggestion on how to adjust the MFA to avoid these problems while preserving its contractualist and Paretian spirit. [ABSTRACT FROM AUTHOR]

In this study, we theorize humanness in organizations as a property of practice. We apply practice theory to examine how humanness becomes enacted in a business organization as people prioritize organizational and individual ends in their work activities. Our empirical case study examines the everyday interactions of development team members in an R&D organization of a large Nordic cooperative. Challenging the dominant individualist and structuralist approaches in humanness and human dignity studies, we identify and locate four different aspects of humanness in organizational practices. As a result, we show how the emergence of humanness is an ongoing process that transpires through two mechanisms: site shifting and reconciliation; that is, people shift between different sites of the social, consisting of different sets of practices with underlying disparate assumptions of humanness, which requires reconciliation. These findings provide a basis for an alternative theorizing of humanness in organizations. [ABSTRACT FROM AUTHOR]

The book "Corporate Sustainability: Managing Responsible Business in a Globalised World" is a compilation of master classes on the topic of corporate sustainability. The chapters in the book are written by experts in the field and cover a range of topics, including stakeholder theory, sustainability business models, and sustainability standardization. The book is accessible and covers both the essentials and advanced developments in corporate sustainability. However, the book could benefit from including more perspectives from the Southern hemisphere and indigenous voices to further decolonize the business school. Overall, the book is a valuable resource for advanced Master of Arts students and offers an authoritative and easily digestible introduction to corporate sustainability. [Extracted from the article]

This essay offers a philosophical defense of deception about reservation prices in business negotiation. Its discussion is prompted by arguments that Charles N.C. Sherwood makes in a recent issue of Business Ethics Quarterly and develops ideas I put forward in an earlier issue of Business Ethics Quarterly. The essay argues that although reservation price deception cannot be justified by appeal to the consent of negotiating parties, it can be justified by appeal to a separate but related notion, assumption of risk, as long as the assumption of risk occurs in a suitably fair context. [ABSTRACT FROM AUTHOR]

"Business ETHICS/BUSINESS Ethics: One Field or Two?" N. Craig Smith, INSEAD, France Thomas Donaldson, University of Pennsylvania, USA Sareh Pouryousefi, Toronto Metropolitan University, Canada Markus Scholz, TU Dresden, Germany Laura J. Spence, Royal Holloway, University of London, UK Overview The purpose of this special issue is to address fundamental questions about a possible deficit of normativity in management research, practice, and education - especially as it relates to the field of business ethics and its neighboring disciplines, corporate social responsibility (CSR) and sustainability. "On the Harmony of Feminist Ethics and Business Ethics.". [Extracted from the article]

In defining this situation, Garcia provides one answer to Beauvoir's original provocation: "to be a woman is to be in a situation where submission appears as one's destiny" (42). Garcia thus clarifies the nature of the situation - again, the political, social, and economic conditions coalescing such that submission appears to women as inevitable - in which women experience their bodies as both their own and not their own, by which Garcia means always already viewed and judged by men. Following Beauvoir in adopting a phenomenological method - proceeding from women's lived experiences, not from abstract theories about humanity - Garcia demonstrates not only that women can I consent i to (if not "choose") submission but that this submission is I rational. i Why is it rational for women to submit to men?. [Extracted from the article]

This article draws from Charles Taylor's work of retrieval to advance moral foundations theory (MFT). Taylor's contribution to MFT lies in his insistence that we retrieve the moral sources that have helped constitute, substantiate, and give meaning to individuals' moral sensibilities. Applying Taylor's insights to MFT, this article seeks to advance a view of moral foundations that connects them more explicitly to their underlying moral sources. Using this retrieved account of moral foundations, this article then addresses current issues within moral foundations research and theory. Finally, this article suggests ways in which Taylor's philosophy can contribute to three areas within business ethics: ethical leadership, behavioral ethics, and ethics pedagogy. [ABSTRACT FROM AUTHOR]

This study aims to investigate unethical sales practices in retail banking from the perspective of bank employees. Our analysis adopted an interpretative approach, and we applied a hermeneutic framework to explore the meanings that the informants—fifteen bank employees in Brazil—ascribed to their experiences of financial services. Drawing on the literature on ethical behavior in organizations and Kohlberg's cognitive moral development theory, we identify patterns of self-interested corporate sales practices that dilute the assumption of any responsibility for unethical behavior and blame customers using the discourse of consumer responsibility. Our findings reveal the mechanisms of how and why bank employees justify self-interested sales practices, and we offer insights into the actions needed to improve consumer agency and develop a culture of ethical behavior in banks. We shed new light on how bank employees' unethical acts become embedded in organizational structures and processes, how behaviors are internalized by members of the organization as being permissible and even desirable behavior, and how members pass along such behaviors to next generations of employees. [ABSTRACT FROM AUTHOR]

The prevalent paradigm for understanding what constitutes a 'good' data visualization, and what we are likely teaching business students, relates to a conventional wisdom of efficiency, clarity, transparency, and faithful representation of truth. Teaching about the ethics of visualizations seems to be largely absent from business school curricula. This paper suggests that business students who make and use visualizations should be taught to use a code of ethics for visualizations based not only on conventional wisdom, but also on ideas from the Machine Learning/AI and 'ethical visualizations' communities. Elaborating on Sheppard's code, the code suggested here incorporates ideas about bias, transparency, user agency, and privacy. Ethical awareness and practice become even more important as more data collection, processing, and visualization is shifted to Machine Learning and Generative AI. A threshold model is adapted to understand when visualization decisions require more scrutiny. Ideas from the code and the threshold model are used to analyze choices made by the CDC's COVID-19 Rapid Response Team for an early pandemic visualization that circulated widely beyond the initial report in which it appeared. This and other examples underscore the need for business professionals to consider their visualizations from the perspective of the code. [ABSTRACT FROM AUTHOR]

This article argues that ethical authorship is essential for the ethical use of artificial intelligence (AI). It examines tensions that historical understandings of authorship have created as instructors and students alike navigate AI technologies. Given these tensions, this article proposes a definition of "ethical authorship" and uses de Colle and Werhane's moral motivation framework to outline how instructors can use ethical authorship and moral motivation to encourage students' ethical AI use. [ABSTRACT FROM AUTHOR]

The document discusses the gap between theory and practice in Human Resource Management (HRM), particularly in sustainable and inclusive HRM. It highlights the need for a global perspective in HRM research, as current knowledge is heavily influenced by Western perspectives. The special issue in Group & Organization Management focuses on theory development and research methods to address sustainability and inclusion in a global context. The papers cover topics such as sustainable employability, interactions in the workplace, diversity and inclusive management, and leadership, offering valuable insights for academics and practitioners aiming to create better workplaces worldwide. [Extracted from the article]

Ethics education has recently garnered a great deal of attention; it has been viewed as a remedy against a plague of diverse forms of immoral practices carried out by businesses and consumers. Markedly, ethics education has proved its effectiveness in influencing students' moral cognition and behavior as future business practitioners. However, the effect of being exposed to ethics courses on students as consumers has not been investigated yet. Thus, a post-only quasi-experimental design was conducted to examine such an influence on the dimensions of moral attentiveness and consumer wisdom; as cognitive and behavioral constructs respectively. Results revealed that ethics education had a positive influence on students' reflective moral attentiveness as well as two dimensions of consumer wisdom, which are purpose and perspective. Finally, the research provides theoretical and practical implications as well as directions of the available research avenues for future researchers. [ABSTRACT FROM AUTHOR]

Incorporating technology into the classroom to facilitate learning outcomes is essential to preparing the next generation of macromarketers given the pedagogical importance of multiliteracies and digital storytelling. StoryMaps was the platform for a semester-long project of a global business course in which students created and presented a digital story of how a chosen company should be resilient in the face of changing and interconnected macro factors, as well as the societal and sustainability implications of its decisions. The quantitative and qualitative findings of the student outcomes are reported, including their learning about the complexity of multiple stakeholders and ethics and sustainability in business. The implications for how technology can be used to incorporate macromarketing into the business classroom are discussed. [ABSTRACT FROM AUTHOR]

This article provides instructions for an engaging classroom activity when discussing the Equal Pay Act of 1963. Students are asked to consider how to approach pay decisions when hiring a new employee for their business. Issues arise when the new hire asks for a higher wage than a current employee of a different sex. Legal Environment of Business/Business Law, Business Communication, and Business Ethics are all tied together in a discussion of what it means to pay someone more or less money based on their sex. [ABSTRACT FROM AUTHOR]

Ethics is a discipline that has broken the limits of its field of study, which is related to having the right behavior towards other people, but also to respect nature and life. This has been extended to the accounting and organizational management of companies. This paper proposes a sentiment analysis method based on the NeutroGroup obtained from offuninorms defined by the combining functions in Prospector. The advantage of the proposed method is that in addition to "like" and "dislike", we obtain a result of indeterminacy that can be due either to neutrality or to a contradiction in the short informal writing. The method is illustrated with an example. The application of neutrosophy in sentiment analysis is well -known since neutrality is included in the analysis. However, for the first time, to the authors' knowledge, the indeterminacy of two different types is modeled. [ABSTRACT FROM AUTHOR]

Discussions of why corporations should cultivate a diverse workforce emphasize justice- and profit-based reasons. This paper defends a distinct third rationale of legitimacy-based reasons for diversity. I articulate and defend the market power account of firm legitimacy, which holds that private firms, much like governmental institutions, have a moral obligation to justify the power they exercise over stakeholder groups when those groups lack meaningful rights of exit from their relationship with the firm. Firms can discharge this obligation by incorporating moral diversity into managerial teams that decide company policy. Moral diversity confers both epistemic and moral advantages onto teams tasked with solving complex problems that impact disparate stakeholder groups. These advantages confer proceduralist legitimacy onto implemented policies, giving impacted groups reason to accept those policies, even when those groups find those policies objectionable on other grounds. [ABSTRACT FROM AUTHOR]

Extant studies of corporate hypocrisy have largely overlooked its implications for employees until recently. Drawing upon social information processing theory, we theorize the impact of corporate hypocrisy on employee silence—an employee behavior potentially detrimental to both organizations and society, as well as the underlying mediating and moderating mechanisms. We empirically tested our hypotheses with two studies. In Study 1, we found that corporate hypocrisy was positively related to employee silence through both employee cognitive trust and employee prosocial motivation. In Study 2, we revealed that consumer pressure weakened the mediating roles of employee cognitive trust and prosocial motivation, while regulatory pressure strengthened these roles. Overall, this study sheds light on whether, how, and when employees remain silent when they perceive corporate hypocrisy. Implications for theory and practice are discussed. [ABSTRACT FROM AUTHOR]

Although there is now a substantial body of literature exploring the effects of language diversity in international management contexts, little attention has been paid to the ethical dimensions of language diversity at work. This conceptual paper draws on the concept of epistemic injustice in order to explore how language, and in particular corporate language policies, may act as a source of epistemic injustice within the workplace. It demonstrates how language competence affects credibility judgements about a speaker, and also considers how corporate language policies can create situations of hermeneutic injustice, in which marginalised groups are denied the vocabularies to understand their own experiences. Finally, ways in which such epistemic harms can be reduced are discussed, and the possibilities for management education to create epistemically responsible managers are highlighted. [ABSTRACT FROM AUTHOR]

In the face of global competition, it is imperative to conduct research on organizational identification in order to maximize employee commitment and organizational loyalty. Understanding how employees identify with their organizations can lead to improved productivity and retention rates. Organizational identification (OI) refers to an individual's cognitive and affective connection to an organization. It exerts a significant impact on employee attitudes, behaviors, and job performance. It indicates an employee's emotional bond, connectivity, and recognition with their company. This study aims to examine the impact of OI using bibliometric analysis and a literature review. Despite the topic's wide use and coverage, the literature lacks quantitative data for bibliographic element analysis, making this study unique. This research fills that knowledge gap. We selected 227 research publications from the ABDC's 2022 Quality Journals list, with A*, A, and B category journals for 2013 and 2022. The research methodologies employed encompassed trend analysis, scientific mapping, bibliographic coupling, co-occurrence analysis, and so on. Also, this study provides in-depth thematic analysis, content analysis, and a theoretical framework that contributes to the originality of the research. Our research findings offer bibliographic insights that enhance the study of literature. The study found that top journals are more interested in this topic. "Journal of Business Ethics" is very productive, whereas "Academy of Management Journal" holds the most influence. The study also highlights research gaps through quantitative and qualitative research. The study concluded by proposing further investigation and examining the consequences of its findings. [ABSTRACT FROM AUTHOR]

The legal regime of martial law led not only to changes in the legislation of Ukraine, but also to the activation of self-regulation of economic entities, which covers their internal organizational activities. War changes the conditions for the ethical conduct of digital business and adds certain features that should be reflected in a formalized collection of moral principles of the company. Codes of ethics are one of the important means of self-regulation of business entities in the digital economy. The digital economy is associated with the global movement of goods and services, so companies pay enough attention to the development and promotion of ethical principles and the formation of a certain collection based on them - a code of ethics. The purpose of the study is to determine the peculiarities of ethical codes in the field of the digital economy after the full-scale invasion of russia on the territory of Ukraine. It has been established that economic entities of the digital economy are obliged to take into account and enshrine in ethical codes the peculiarities of carrying out activities under the conditions of the legal regime of martial law. At the same time, it is not enough to have only the formal consolidation of ethical principles in the relevant internal documents of the company, their practical implementation is mandatory. Adherence to the norms of international law (transnational public order) is the duty of a socially responsible civilized business, which should help to recognize the ethical norms of the company, taking into account the peculiarities of the state of war. It is important that companies take responsibility, and not wait for a ban from the state, which needs time to change the regulations. It has been proven that the ethical codes should undergo changes, with the obligatory fixing of provisions: the company does not cooperate with business entities of the aggressor state and with persons who support and cooperate with them; the company does not work in the aggressor state and states that are accomplices and support aggression. Such a position should be formed not only on the basis of legislative prohibitions, but in the case of a regulatory gap, the company’s policy should be revised in order to implement such an idea to achieve the goals of the rule of transnational public order. [ABSTRACT FROM AUTHOR]

Abusive supervision in healthcare settings can have detrimental effects on employee behavior and patient care, making it crucial to understand the underlying mechanisms and mitigating factors. This study examines the impact of abusive supervision on patient-directed service sabotage, focusing on the mediating role of workplace rudeness and the moderating effect of work ethics. Data were collected from 305 hospital nurses, and structural equation modeling (SEM) was used to test the proposed model. The findings reveal that abusive supervision significantly increases workplace rudeness, which in turn escalates to service sabotage. However, strong work ethics were found to weaken the link between rudeness and sabotage, demonstrating their protective role in this negative cycle. The moderated mediation analysis further confirms that work ethics reduce the indirect impact of abusive supervision on service sabotage through rudeness. These results contribute to our understanding by illustrating how ethical standards can buffer against the negative consequences of abusive supervision, providing practical implications for enhancing leadership practices and promoting ethical behavior in healthcare environments. [ABSTRACT FROM AUTHOR]

Purpose: The purpose of this paper is to find out the possible gaps in the Sharīʿah governance, and suggest how to fill the same, in line with the principles of Islamic finance and the global developments regarding social and value-based financial intermediation. Design/methodology/approach: The paper uses secondary data gathered through analysis of documents and regulations to portray the current Sharīʿah governance framework and to suggest a unique paradigm to be adopted by the regulators of Islamic financial institutions. Findings: The paradigm encompassing value-oriented financial ecosystem would need a comprehensive set of discipline, accountability and governance for making the pursuit of sustainable development goals and corporate social responsibilities effective in a well-defined schedule prepared and implemented by the regulators. Research limitations/implications: The scope of this research is limited to theory building in the light of emerging trends in responsible and social finance. It is not to empirically test the impact of the governance framework in terms of social justice, corporate responsibility and sustainability. Practical implications: It would help the policy makers, regulators, researchers and the practitioners in finance to align banking and finance with social and environmental responsibility, and equity through governance and accountability for realizing the sustainable development goals. Social implications: It links the regulatory approaches to the emerging paradigm and ecosystem comprising sustainability and value-based governance, awareness and corporate social responsibility. Originality/value: The paper adds value to the current regulatory frameworks enabling the Islamic financial institutions to realize the economic, social and sustainability objectives, in addition to Shariah legitimacy and enhanced credibility. [ABSTRACT FROM AUTHOR]

Purpose: "Omotenashi" has become a buzzword denoting the Japanese ethic for excellence in customer care. However, while there is an emerging body of research on the spirit of the provider side, nevertheless, the customer care experiences from the beneficiary perspective – especially the dynamics that manifest when such care fails – remain undercommented. Thus, the purpose of this paper is to identify critical dynamics of how unexpected thorny disharmony might manifest in instances of customer care failure, with a focus on customer service and intercultural lived experiences. In doing so it challenges a prevailing and dominant view of flawless Japanese customer care – Omotenashi. Design/methodology/approach: Drawing on a multi-disciplinary approach the current research proposes a conceptual model and uses autoethnography to offer insights at the individual level unit of analysis. Findings: The findings break ground towards innovative understanding of customer care failure dynamics, by considering intercultural situations. Research limitations/implications: By express design and paradigm, the research is limited to subjective interpretivism. The paper offers important implications for understanding customer beneficiary experience, especially to nuance and challenge the current hegemonic view of the positive nature of Japanese "Omotenashi" customer care in extant literature. Practical implications: The findings have important practical implications for customer care managers. The paper aims to prompt a pause for thought, a warning of a drift towards organizational self-satisfaction and back slapping in relation to customer care and makes a call for a return to consider the holistic customer experience in the Japanese and inter-cultural contexts. Social implications: It can be argued that there appears to be a tendency in some quarters to massage and manipulate broader society by pointing to the positive. However, marketing scholars are aware that raising customer expectations in this way can magnify backlash when disconfirmation occurs. This study lends support to the notion that there may be a need to temper expectations and hype in customer relation contexts. This is predicated on the observation that individual – and, therefore, beneficiary – experience is unique, that uniqueness may be accentuated in intercultural situations. Originality/value: The paper nuances the general positively portrayed aspects of Omotenashi by curating insights into when care fails. It addresses the paucity of lived experience accounts of the beneficiary experience of Japanese Omotenashi care in intercultural situations. [ABSTRACT FROM AUTHOR]

Purpose: This paper aims to explore the intricate and controversial sale of six hydroelectric dams in the Douro hydrographic basin by Energias de Portugal (EDP), a prominent Portuguese energy company, to a French Consortium – ENGIE. The transaction, completed at the end of 2020, has sparked significant debate and scrutiny within the Portuguese legal and fiscal spheres due to its corporate and budgetary manoeuvres. The crux of the controversy lies in the complex corporate restructuring strategies used by EDP and the acquiring consortium to execute this transaction. These strategies, aimed at achieving tax neutrality, effectively circumvented the traditional tax liabilities typically associated with large-scale asset transfers. The paper delves into the legal intricacies of this operation, scrutinising the application of taxes such as stamp duty, corporate income tax, value added tax and property transfer tax, which were, in theory, applicable to the transaction. Furthermore, this study examines the broader implications of the deal, particularly concerning the principle of tax neutrality in corporate restructurings, the enforcement of anti-abuse clauses and the economic substance over legal form doctrine. Design/methodology/approach: This study is based on secondary data supported by publicly reported evidence. Findings: This case study highlights the challenges in taxing corporate transactions in the modern financial landscape and reflects these corporate manoeuvres' societal and ethical considerations. Originality/value: Through an analysis of legal frameworks, corporate strategies and tax policies, this paper provides a comprehensive understanding of the transaction and its implications, offering insights valuable to legal professionals, policymakers and scholars in corporate law, taxation and business ethics. [ABSTRACT FROM AUTHOR]

Purpose: This study aims to examine the extent to which traditional juristic approaches to determining intention in Islamic law are altered in the institutional framework and standard-setting project of the Malaysian state. Design/methodology/approach: The study used the transnational law theory, which views normativity as culturally, socially and religiously embedded. The development of norms, customs and laws is also contingent on self-maximizing behavior. The Sharīʿa Advisory Council's interpretation of the bayʿ al-ʿīnah standard is a case study of this approach to the development of law. Findings: This study shows that traditional approaches to determining the validity of an Islamic contract have been displaced by the institutional logic of the state, which prioritizes uniformity and certainty in law and reflects liberal, Western and capitalistic values. Islamic standard setting is part of the state's objective to uniformize law due to the globalization of financial markets. The normative collisions in the standard-setting project produce a new jurisprudence based on the state's uniform and purposive determination of a contract's validity. Research limitations/implications: Further research on institutional frameworks is needed to conceptualize how Islamic commercial principles and ethics can be incentivized in the state's legal systems. Originality/value: Few works, if any, have examined the interaction of the state's institutional environment with jurists' traditional approaches to determining contractual intention. Most scholarship assumes the decisive role of market forces, but the role of law and institutions in this context is under-researched. [ABSTRACT FROM AUTHOR]

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This essay is written to provoke a reaction against the Association to Advance Collegiate Schools of Business. When a business school's administration is criminally convicted of conspiracy to commit fraud and yet it retains its accreditations, something is wrong. Accreditors expect that we enforce ethical standards like "no cheating" on our students but do not enforce those standards on deans, even in cases of publicly-admitted years-long submissions of misrepresentative rankings data. That inconsistency is not lost on us, given the explicit statements such accreditors have about quality, social responsibility, and serving students—all of which are violated in their inactions when their paying members (or their graduates) are involved in harmful behaviors. Management learning is negatively affected as a result; whatever we state in the classroom about ethics is effectively drowned out by what standards are actually enforced in the real world by those who claim to provide legitimacy to our programs and give us a license to operate. So, it is time to address that. An implementable solution is proposed, one which if not adopted should lead to serious consideration of the dissolution of the Association to Advance Collegiate Schools of Business and any other accreditor who fails to provide the public service expected of it. [ABSTRACT FROM AUTHOR]

We examine three business-related initiatives designed to achieve peace positive impacts in the Cape Town township of Langa. Each was seemingly straightforward in its purpose, logic, and implementation. However, their positive intent was frustrated and their impacts ultimately harmful to their articulated goals. Understanding why this is so can be difficult in violent, turbulent, and information-poor environments such as Langa, confounding progress even by actors with ethical intentions. To aid in sense making and to provide insight for more positive future action, we develop from 125 interviews conducted for this study causal loop models for these initiatives within their conflict subsystems. These explain the perverse impacts of these initiatives by illuminating their (lack of) salience to key conflict factors, their (in)sufficiency to effect positive change in light of competing systems dynamics, and their (in)attentiveness to interdependencies with the intentions and actions of others. We thus contribute to understanding of the factors required to achieve positive social outcomes in more extreme contexts. More generally, we demonstrate the value of systems analysis both for scholarship related to business and peace and for reducing blind spots that can inhibit sound planning for ethical business action amidst complexity. [ABSTRACT FROM AUTHOR]

Epistemic practices are an important but underappreciated component of business ethics; good conduct requires making epistemically sound as well as morally principled judgments. Well-founded judgments are promoted by epistemic virtues, and for organizations, epistemic virtues are arguably achieved through organizational good epistemic practices. But how are such practices to be developed? This paper addresses this normative and practical challenge. The first half of the paper explains what organizational good epistemic practices are and outlines a means for their construction. The second half of the paper demonstrates how specific good epistemic practices could be developed by considering a case of corporate epistemic failings: JPMorgan's notorious 2012 'London Whale' trading losses. Following this, the paper briefly surveys the institutional epistemic failings of the 2008 global financial crisis and the remedial actions that they suggest. Although the discussion is focused on the banking industry, the main ideas, and some of the epistemic practices, generalize to organizations in other industries. [ABSTRACT FROM AUTHOR]

This paper discusses The Merchant of Venice from an economic and Biblical perspective in an attempt to corroborate the view that the work epitomizes the spirit of the early capitalism of Shakespeare's London. The main goal of the paper is to enrich mainstream interpretation by showing different, and more complex faces of the main characters of the play. Starting with the debate on usury in the late Middle Ages, the paper argues that the main ethical message conveyed by The Merchant of Venice is a criticism of the hypocrisy of the spirit of emerging capitalism at the time. Furthermore, the paper claims that in order to understand the core of this masterpiece, its Biblical references must be explored and reconsidered, as accurate interpretation of their context may shed new light on the play and on Shakespeare's general view of proto-capitalism. [ABSTRACT FROM AUTHOR]

This article explores the influence of sadness in ethical decision-making and behavior. In three laboratory studies, we found that an incidental state of sadness reduced individuals' propensity to engage in morally questionable behavior, including both unethical and selfish acts (Studies 1 to 3). We found this effect to be mediated by the role of sadness in prompting people to pay more attention to the negative consequences of morally questionable acts and perceive those consequences as more problematic (Studies 2 and 3). This effect was consistent using different decision-making contexts and held when rewards to be gained from such behavior were relatively high. Several implications of these findings for business ethics and organizations are discussed. [ABSTRACT FROM AUTHOR]

This paper examines the ethical issues of the inclusion of workers with disabilities in the workplace with a cross-fertilization approach between organization studies, the ethics of care, and a movement from the field of architecture and design that is called Universal Design (UD). It explores how organizations can use UD to develop more inclusive workplaces, first by applying UD principles to workspaces and second by showing how UD implies an integrative understanding of inclusion from the workspace to the workplace. Moreover, this paper discusses the ethical challenges and complexities that this design practice faces in regard to its applicability to diverse organizations and industries. Finally, this paper demonstrates that inclusion requires abandoning any notion of a perfect, productive body and, therefore, recognizing our shared vulnerability and fundamental interdependence in the workplace. [ABSTRACT FROM AUTHOR]

The Securities and Exchange Commission requires the disclosure of changes to or waivers of corporate codes of ethics. Because the nature of amendments or waivers can vary, we expect the text of Item 5.05 to include different topics within different filings. We examine the population of these disclosures in Item 5.05 8‐K filings from 2004 to 2020. While previous studies utilized small samples (fewer than 50 observations) to examine limited aspects of these filings, we use the population of these filings from 2004 to 2020 (2121 8‐K filings) to elucidate the nature and details of the disclosures. We assess whether Latent Dirichlet Allocation—a computational linguistics technique—can help discern the underlying topics represented in filings. While the Securities and Exchange Commission identifies two topics—amendments and waivers—the Latent Dirichlet Allocation analysis reveals four topics (three related to amendments): (1) code updates and clarifications; (2) combining codes of conduct for all officers and employees, or splitting codes to include a code directly applicable to senior financial officers; (3) codes of ethics waivers; and (4) substantive code changes. The overall trend is for fewer 8‐Ks to be filed in recent years, with updates and clarifications becoming the predominant filing type. Our results further indicate that Item 5.05s related to updates and clarifications, and those related to combined or split codes, use fewer words and are more easily readable than those disclosing waivers or material code changes. Although we find no significant price reaction to Item 5.05 8‐K filings, we find significant trading volume and volatility reactions, suggesting that these disclosures could give rise to differences in opinion among investors, which is consistent with the US Senate's assertion that these disclosures are of interest to investors. [ABSTRACT FROM AUTHOR]

In transitional economies, contract farming is widely recognized as a means for addressing numerous market failures affecting small farmers. Reviewing the scholarship on contract farming, we show that its traditional understandings have been framed by the narratives of transaction cost economics and power dynamics. We critically evaluate these narratives and demonstrate how stakeholder theory, with its relational understanding of business, offers a more comprehensive understanding of contract farming. We argue that a stakeholder theory perspective underscores the trust-based and collaborative nature of successful contract farming arrangements. It highlights the importance of informal and moral stakeholder relationships that compensate for the limitations of weak enforcement mechanisms and inadequate legal frameworks in transitional economies. This way, a stakeholder theory perspective on contract farming highlights its strategic management and business ethics dimensions, offering valuable guidance for cultivating successful stakeholder relationships. [ABSTRACT FROM AUTHOR]

This article examines paradoxes, challenges, and opportunities in the context of ethical customer experience management. Central to this discussion are different stakeholders such as firms, customers, policymakers, regulators, and society at large, as well as key issues associated with them. Firms aim to design and manage compelling experiences using customer data but face challenges balancing cost, customization, ethical concerns, and fairness in customer experience management. Customers should be encouraged to reflect on whether to share personal information for customized experiences, as well as on how far their responsibility goes in ensuring critically informed decision‐making. Policymakers and regulators must integrate the views of various stakeholders into policies and guidelines that promote a healthy society. Importantly, the digitization of customer experience has given rise to unprecedented ethical concerns related to the prospect of 'programming' these experiences. The shrinking temporal and spatial distance between stimuli, customer action, data footprint, and tracking poses significant reflections and dilemmas for both customers and firms. In this context, it is essential to determine ethical reflections and guidelines for customer experience design and management. We argue that firms should involve customers in assessing the implications of their experiences, while policymakers should facilitate the involvement of all stakeholders (including firms, customers, regulators, academics, and NGOs) to create an ongoing, healthy dialogue. This dialogue should guide a continuing debate aimed at evaluating the implications of specific actions in customer experience management. [ABSTRACT FROM AUTHOR]

Purpose: This paper aims to examine the skills expected by employers and the skills demonstrated by accounting graduates with data from 160 employers of accounting graduates in Ghana. From the perspective of employers, the authors compare the expected skills to the skills demonstrated by accounting graduates and identify any significant gaps. Design/methodology/approach: One-way analysis of variance, T-tests and factor analysis are used to test significant gaps that exist between expected and demonstrated skills by employers and accounting graduates using survey questionnaires and purposive sampling. Findings: The results reveal that there are significant gaps between the expected skills of employers and the demonstrated skills of accounting graduates. The authors find generic skills to be more expected by employers, while technical skills are demonstrated most by accounting graduates. The top five skills expected by employers are: business ethics and integrity; problem solving and decision analysis; written communication skills; learning skills; and application of accounting principles. Research limitations/implications: The study focuses only on organizations that use fresh accounting graduates in Ghana. Further studies may consider other business-related fields like finance, human resource management and marketing. Practical implications: The study provides insights on standards that serve as benchmarks for the conduct of accounting graduates as well as the development of accounting curriculum in Ghana. Accounting education should incorporate work-integrated learning as part of their curriculum to enable accounting graduates to solve problems and make decisions through a practical application of accounting principles, standards and concepts, especially in conducting audit and writing reports. Originality/value: This study fills the gap in the literature on accounting education from employers' perspectives in a developing country. It conducts a comparative analysis between the most important skills required by employers and the ones demonstrated by accounting graduates to provide insights on standards that should serve as benchmarks for the development of the accounting curriculum from an emerging economy perspective. [ABSTRACT FROM AUTHOR]

This study offers new insights into organizational inclusion and corporate sustainable development in the Japanese context. Specifically, we aim to explore organizational inclusion in the antecedents of Lesbian, Gay, Bisexual, and Transgender (LGBT) inclusion and its effects on corporate outcomes, such as corporate market performance (CMP) and corporate environmental performance (CEP). Drawing upon legitimacy theory, we propose a conceptual model to uncover how operational diversity encourages organizational inclusion, such as supportive policies and practices. Moreover, grounded in stakeholder theory, we explore how organizational inclusion affects corporate outcomes, including CMP and CEP. Using a large sample of 1456 Japan‐listed firms with detailed organizational inclusive practices and corporate outcomes. Results indicate that operational diversity has positive effects on organizational inclusion. Moreover, the results indicate that organizational inclusion strengthens CMP and CEP. The empirical results are consistent after performing robustness checks based on subsampling. Our study contributes to the global discussion on business ethics, corporate market responses, and sustainable development. [ABSTRACT FROM AUTHOR]