Email this article 
Hide
Show all
NAVIGATING ETHICAL AND MORAL CHALLENGES LEADERS FACE IN STAKEHOLDER CAPITALISM
Abstract
The current paper strives to underline the need of ethical conduct at both leader and stakeholders’ level and proposes the introduction of a code of ethical principles to be followed and introduced by the leader and all stakeholders in an organization. Such a code should promote a set of well-established principles to be agreed and followed by the parties involved. A five criteria set is proposed for the development of further codes of conduct, that will lead to more appropriate judgements and findings.
Keywords
References
Akdogan, A., Arslan, A. and Demirtas, O.Akdogan, A., Arslan, A., Demirtas, O, A Strategic Influence of Corporate Social Responsibility on Meaningful Work and Organizational Identification, via Perceptions of Ethical Leadership .Procedia - Social and Behavioral Sciences, 235 (2016), pp. 259-268
Banks, G.C., Fischer, T., Gooty, J. and Stock, G., 2020. Ethical leadership: Mapping the terrain for concept cleanup and a future research agenda. The Leadership Quarterly, Article number: 101471.
Ferrell, O.C., Harrison, D.E., Ferrell, L. and Hair, J.F., 2019. Business ethics, corporate social responsibility, and brand attitudes: An exploratory study. Journal of Business Research, 95(2019), pp.491-501.
Stouten J., van Dijke M., Mayer D.M., De Cremer D. and Euwema M.C., 2019. Can a leader be seen as too ethical? The curvilinear effects on ethical leadership. The Leadership Quarterly, 24(2013), pp.680-695.
Velez, M.J. and Neves, P., 2018. Shaping emotional reactions to ethical behaviors: Proactive personality as a substitute for ethical leadership. The Leadership Quarterly, 29, pp.663-673.
Walumbwa, F.O., Hartnell, C.A. and Misati, E., 2017. Does ethical leadership enhance group learning behavior? Examining the mediating influence of group ethical conduct, justice climate, and peer justice. Journal of Business Research, 72(2017), pp.14-23.
Dust, S.B., Resick C.J., Margolis J.A., Mawritz M.B. and Greenbaum, R.L., 2019. Ethical leadership and employee success: Examining the roles of psychological empowerment and emotional exhaustion. The Leadership Quarterly, 29(2018), pp. 570-583.
Chen, S.Y.A. and Hou, Y.H., 2016. The effects of ethical leadership, voice behavior and climates for innovation on creativity: A moderated mediation examination. The Leadership Quarterly, 27(2016), pp. 1-13.
Lin, W.L., Yip, N., Ho, J.A. and Sambasivan, M., 2020. The adoption of technological innovation in a B2B context and its impact on firm performance: An ethical leadership perspective. Industrial Marketing Management, 89(2020), pp.61-71.
Brown, M.E. and Trevino, L.K., 2006. Ethical Leadership: A review and future directions. The Leadership Quarterly, 17(2006), pp. 595-616.
Ahmad S., 2018. Can ethical leadership inhibit workplace bullying across East and West: Exploring cross-cultural interactional justice as a mediating mechanism. European Management Journal, 36(2018), pp.223-234.
Friedman, M. (1970). A Friedman doctrine: The social responsibility of business is to increase its profits. The New York Times Magazine, 13(1970), 32-33.
https://www.weforum.org/agenda/2021/01/klaus-schwab-on-what-is-stakeholder-capitalism-history-relevance/ [Accessed at 31st January 2023]
https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/the-role-of-esg-and-purpose [Accessed at 31st January 2023]
Schwab K and Vanham P. (2021). Stakeholder capitalism: A global economy that works for progress, people and planet. ISBN: 978-1-119-75613-2 January 2021
This work is licensed under a Creative Commons Attribution 3.0 License.