A B C D E F G H I J K L M N O P Q R S T U V W X Y Z All
Racelis, Aliza
- Integrating Ethics in Finance and Accounting Courses Using Ethical Banks as Vignette
Authors
1 University of Philippines, PH
Source
International Journal of Business Ethics in Developing Economies, Vol 4, No 1 (2015), Pagination: 16-23Abstract
The field of Business Ethics has an important role to play in identifying and establishing ethical parameters for business activities. Ethics professors have the continued challenge of being able to deliver ethics and morality teachings in the classroom. One topic in the area of business ethics and social enterprise that has begun hogging the pages of business and social responsibility research articles is the field of ethical banking. The ethical-social nature of the mission of ethical banks makes for an interesting discussion piece and scenario for a case-based teaching of business ethics.
This paper presents the case of showing ethical banks as vignette in finance and ethics classes at the University of the Philippines, aimed at making students aware that it is possible for businessmen to be socially and ethically oriented and at the same time keep in mind the need for financial sustainability. The methodology involved content analysis and tests of differences based on a survey of 141 undergraduate business students.
Results show overwhelming positive response to the concept of the ethical bank. 96% of the student respondents were in admiration of the ethical raison d'etre of ethical banks and 93% opined that it pays to be ethical. There was no difference between male and female respondents in opining that it pays to be ethical. Overall, results corroborate the mounting evidence that there is an ever greater awareness of the ethical responsibilities of business and discernment of the form that ethics can take in specific enterprises.
Keywords
Ethical Banks, Finance Ethics, Philippines, Ethical Banking.
References
- Agacer, G. M., Valcarcel, L. J., & Vehmanen, P. (1993). Business ethics: Are students aware? A Cross Cultural Study of Three Nationalities. Philippine Management Review. 6(1), 74-84.
- Arlow, P. (1991). Personal characteristics in college students’ evaluations of business ethics and corporate social responsibility. Journal of Business Ethics. 10(1), 63-69.
- Boatright, J. R. (1999). Finance ethics: Critical issues in theory and practice. John Wiley & Sons, Inc., Hoboken, NJ.
- Boatright, J. R. (2003). Ethics for a Post-Enron America. Phi Kappa Phi Forum. 83(2), 10-15.
- Borzaga, C., & Defourny, J. (Eds.) (2004). The emergence of social enterprise, Routledge, London.
- Canals, J. (2010a). Can they fix it? Global Focus. 4(1), 14-18.
- Canals, J. (2010b). Rethinking the firm’s mission and purpose. European Management Review. 7(4), 195-204.
- Canals, J. (2010c), Building Respected Companies, Cambridge: Cambridge University Press.
- Cole, B. C., & Smith, D. L. (1996). Perceptions of business ethics: Students vs. business people. Journal of Business Ethics, 15(8), 889-896.
- Cowton, C. J., Drake, J., & Thompson, P. (2000). Charities’ bankers: an analysis of UK market shares. The International Journal of Bank Marketing, 18(1), 42-46.
- D’Aquila, J. M., Bean, D. F., & Procario-Foley, E. G. (2004). Students’ Perception of the Ethical Business Climate: A Comparison with Leaders in the Community. Journal of Business Ethics, 51(2), 155-166.
- Erdener, C. (2011). Business ethics as a field of teaching, training, and research in central Asia. Journal of Business Ethics. 104, 7-18
- Gandz, J., & Hayes, N. (1988). Teaching business ethics. Journal of Business Ethics. 7(9), 657-669.
- Gomez, R. (1992). What’s Right or Wrong in Business? Sinag-tala Publishers, Manila.
- Harvey, B. (1995). Ethical banking: The case of the co-operative bank. Journal of Business Ethics, 14(12), 1005-1013.
- Mabaquiao, N. (2007). The Place of Ethics in Business,” Φιλοσοφία International Journal of Philosophy, 36(1), 14-26.
- Marsh, F. K. (2009). Ethical concerns at the bottom of the pyramid-Corporate responsibility or corporate integrity? A Brief Commentary. Journal of International Business Ethics, 2(1), 33-35.
- Miesing, P., & Preble, J. F. (1985). A Comparison of Five Business Philosophies. Journal of Business Ethics, 4, 465-76.
- Mitchell, L. (2001). Corporate Irresponsibility: America’s Newest Export. Yale University/R. R. Donnelley & Sons.
- Molina, M. D., & Santiago, S. F. (2011). Percepciones de los estudiantes de la facultad de ciencias empresariales sobre la responsabilidad social universitaria. Investigación y Desarrollo. 19(2), 340-365.
- Racelis, A. D. (2012a). Ethics and governance issues in sustainability in Asia: Literature review and research proposals. Synergeia, 4(1), 155-174.
- Racelis, A. D. (2012b). Operationalizing Virtue Ethics Teaching: Lessons from a Non-Catholic Institution. Proceedings of the 8th International Conference on Catholic Social Thought and Business Education. Dayton, Ohio.
- Racelis, A.D. (2010). Relationship between employee perceptions of corporate ethics and organizational culture: An exploratory study. Asia Pacific Management Review. 15(2), 251-260.
- Sachs, J. (2005). The end of poverty: Economic possibilities for our time. New York: The Penguin Press.
- San-Jose, L., Retolaza, J. L., & Jorge, G. G. (2011). Are ethical banks different? A comparative analysis using the radical affinity index, Journal of Business Ethics, 100, 151-173.
- Schleef, D. (1997), Empty ethics and reasonable responsibility: Vocabularies of motive among law and business students. Law and Social Inquiry. 22(3), 619-650.
- Sekaran, U. (2003). Research methods for business: A skillbuilding approach, (4th edn.). New York: John Wiley & Sons, Inc.
- Sison, A. J. (2008). Corporate governance and ethics: An aristotelian perspective. Edward Elgar Publishing Limited, Cheltenham, U.K.
- Sison, A. J., & Palma-Angeles, A. (1997). Business ethics in the Philippines. Journal of Business Ethics. 16(14), 1519-1528.
- Solomon, R. C. (2003). Victim of circumstances? A defense of virtue ethics in business. Business Ethics Quarterly, 13(1), 43-62.