Business Ethics

Essay specific features

 

Issue:

Business

 

Written by:

Katrina H

 

Date added:

January 28, 2017

 

Level:

University

 

Grade:

A

 

No of pages / words:

7 / 1769

 

Was viewed:

3835 times

 

Rating of current essay:

 
Essay content:

Research in business ethics has largely ignored this contracts theory of the firm except to reject the financial-legal model as normatively inadequate. Philosophers generally bring philosophical theories of ethics to bear on problems of business, and they regard the contractual theory of the firm primarily as a subject for criticism using the resources of philosophical ethics...
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In particular, stakeholder theory, which stresses the importance of all groups that affect or are affected by a firm, has been proposed as a more adequate theory of the firm for studying business ethics. An important benefit of business ethics research conducted within such a framework would be a narrowing of the gulf between business ethics and the fields of financial economics and corporate law...
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