IDEAS home Printed from https://ideas.repec.org/a/adx/journl/v5y2023i1p42-49.html
   My bibliography  Save this article

Maintaining Business Ethics during COVID-19 Pandemic in Globalized World: A Comparison of Ethical Theories and Future Research Perspective

Author

Listed:
  • Muhammad Rhies Khan
  • Mustaghis-Ur Rahman
  • Anita Laila
  • Ali Gohar
  • Sana Azhar

Abstract

Business ethics, from the start of the 21st century, has got attention among business communities. Globalization and workforce diversity have further extended this phenomenon and presently it is considered a part of the organization’s vision and mission statement. However, business ethics are not even practiced properly worldwide, especially in developing countries. Moreover, the present situation of the outbreak of the COVID-19 pandemic has deteriorated the situation. Despite ethical theories, nothing else can justify business ethics, especially employee treatment in this pandemic situation. This paper aims to synthesize, compare and discuss the ethical theories in detail and tries to know whether these theories are enough to properly explain the business ethical issues that emerge due to globalization and the pandemic or not. The paper used the theory synthesis technique. Our discussion revealed that not a single theory can properly explain all the ethical issues and dimensions that emerged due to globalization and the COVID-19 pandemic disruption. Further, this paper suggests different aspects to formulate the new ethical dimensions that could explain all ethical dimensions and issues in all situations. This paper provides practical implications to corporate social responsibility and business ethic specialists to formulate new more precise dimensions in explaining ethical issues.

Suggested Citation

  • Muhammad Rhies Khan & Mustaghis-Ur Rahman & Anita Laila & Ali Gohar & Sana Azhar, 2023. "Maintaining Business Ethics during COVID-19 Pandemic in Globalized World: A Comparison of Ethical Theories and Future Research Perspective," Journal of Economic Impact, Science Impact Publishers, vol. 5(1), pages 42-49.
    • Handle: RePEc:adx:journl:v:5:y:2023:i:1:p:42-49
    DOI: 10.52223/jei5012305
    as

    Download full text from publisher

    File URL: https://doi.org/10.52223/jei5012305
    Download Restriction: no
    File URL: https://libkey.io/10.52223/jei5012305?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Maurice Hamington, 2019. "Integrating Care Ethics and Design Thinking," Journal of Business Ethics, Springer, vol. 155(1), pages 91-103, March.
    2. Velasquez, Manuel, 2000. "Globalization and the Failure of Ethics," Business Ethics Quarterly, Cambridge University Press, vol. 10(1), pages 343-352, January.
    3. Thomas Beschorner, 2006. "Ethical Theory and Business Practices: The Case of Discourse Ethics," Journal of Business Ethics, Springer, vol. 66(1), pages 127-139, June.
    4. Russell Belk, 2021. "Ethical issues in service robotics and artificial intelligence," The Service Industries Journal, Taylor & Francis Journals, vol. 41(13-14), pages 860-876, October.
    5. Carroll, Archie B., 1991. "The pyramid of corporate social responsibility: Toward the moral management of organizational stakeholders," Business Horizons, Elsevier, vol. 34(4), pages 39-48.
    6. Neil Granitz & Dana Loewy, 2007. "Applying Ethical Theories: Interpreting and Responding to Student Plagiarism," Journal of Business Ethics, Springer, vol. 72(3), pages 293-306, May.
    7. Bette Stead & Jackie Gilbert, 2001. "Ethical Issues in Electronic Commerce," Journal of Business Ethics, Springer, vol. 34(2), pages 75-85, November.
    8. Ferrell, O.C. & Harrison, Dana E. & Ferrell, Linda & Hair, Joe F., 2019. "Business ethics, corporate social responsibility, and brand attitudes: An exploratory study," Journal of Business Research, Elsevier, vol. 95(C), pages 491-501.
    9. Mohammed T. Nuseir & Ahmad Ghandour, 2019. "Ethical issues in modern business management," International Journal of Procurement Management, Inderscience Enterprises Ltd, vol. 12(5), pages 592-605.
    10. Elina Jaakkola, 2020. "Designing conceptual articles: four approaches," AMS Review, Springer;Academy of Marketing Science, vol. 10(1), pages 18-26, June.
    11. Egels, Niklas, 2005. "Sorting out the mess. A Review of Definitions of Ethical Issues in Business," GRI-rapport 2005:4, University of Gothenburg, Gothenburg Research Institute GRI.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Peter Seele & Irina Lock, 2015. "Instrumental and/or Deliberative? A Typology of CSR Communication Tools," Journal of Business Ethics, Springer, vol. 131(2), pages 401-414, October.
    2. Y. Fassin, 2008. "The Stakeholder Model Refined," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 08/504, Ghent University, Faculty of Economics and Business Administration.
    3. Trespeuch Léo & Robinot Élisabeth, 2023. "Exploring the Impact of Corporate Philanthropy on Brand Authenticity in the Luxury Industry: Scale Development and Empirical Studies," Sustainability, MDPI, vol. 15(16), pages 1-21, August.
    4. Kuokkanen, Henri & Kirillova, Ksenia, 2024. "Ethically transformative experiences in hotels," Annals of Tourism Research, Elsevier, vol. 105(C).
    5. Kyung-Min Kim & Benjamin Nobi & Taewan Kim, 2020. "CSR and Brand Resonance: The Mediating Role of Brand Love and Involvement," Sustainability, MDPI, vol. 12(10), pages 1-12, May.
    6. Tao, Hu & Zhuang, Shan & Xue, Rui & Cao, Wei & Tian, Jinfang & Shan, Yuli, 2022. "Environmental Finance: An Interdisciplinary Review," Technological Forecasting and Social Change, Elsevier, vol. 179(C).
    7. Mbaye Fall Diallo & Norchène Ben Dahmane Mouelhi & Mahesh Gadekar & Marie Schill, 2021. "CSR Actions, Brand Value, and Willingness to Pay a Premium Price for Luxury Brands: Does Long-Term Orientation Matter?," Journal of Business Ethics, Springer, vol. 169(2), pages 241-260, March.
    8. Kaur, Puneet & Talwar, Shalini & Madanaguli, Arun & Srivastava, Shalini & Dhir, Amandeep, 2022. "Corporate social responsibility (CSR) and hospitality sector: Charting new frontiers for restaurant businesses," Journal of Business Research, Elsevier, vol. 144(C), pages 1234-1248.
    9. Montserrat Boronat-Navarro & José Antonio Pérez-Aranda, 2019. "Consumers’ perceived corporate social responsibility evaluation and support: The moderating role of consumer information," Tourism Economics, , vol. 25(4), pages 613-638, June.
    10. Preechaya Chavalittumrong & Mark Speece, 2022. "Three-Pillar Sustainability and Brand Image: A Qualitative Investigation in Thailand’s Household Durables Industry," Sustainability, MDPI, vol. 14(18), pages 1-22, September.
    11. Anna-Maija Lämsä & Meri Vehkaperä & Tuomas Puttonen & Hanna-Leena Pesonen, 2008. "Effect of Business Education on Women and Men Students’ Attitudes on Corporate Responsibility in Society," Journal of Business Ethics, Springer, vol. 82(1), pages 45-58, September.
    12. Sapanna Laysiriroj & Walter Wehrmeyer, 2020. "Intergenerational differences of CSR activities in family-run businesses in eastern Thailand," Asian Journal of Sustainability and Social Responsibility, Springer, vol. 5(1), pages 1-15, December.
    13. Md. Musharof Hossain & Monir Ahmmed & Md. Kazi Golam Azam & Serajul Islam & Md.Faruk Bhuiyan & Md. Ahasanul Hoque, 2020. "Disclosure Practices Regarding Corporate Social Responsibility (CSR) of Some Listed Companies: Evidence from Chittagong Stock Exchange, Bangladesh," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 10(5), pages 526-535, May.
    14. Ghi-Feng Yen & Hsin-Ti Yang, 2018. "Does Consumer Empathy Influence Consumer Responses to Strategic Corporate Social Responsibility? The Dual Mediation of Moral Identity," Sustainability, MDPI, vol. 10(6), pages 1-17, May.
    15. Jongmoo Jay Choi & Hoje Jo & Jimi Kim & Moo Sung Kim, 2018. "Business Groups and Corporate Social Responsibility," Journal of Business Ethics, Springer, vol. 153(4), pages 931-954, December.
    16. Agata Rudnicka & Janusz Reichel, 2012. "Improvement of social and environmental dimensions of quality in the context of ISO 26000 standard (Doskonalenie jakoœci organizacji w wymiarze spo³ecznym i œrodowiskowym w kontekœcie normy ISO 26000)," Problemy Zarzadzania, University of Warsaw, Faculty of Management, vol. 10(37), pages 84-93.
    17. Zhen Li & Yitong Sun & Jinhao Liu & Yi Li & Zhifang Zhou, 2024. "Corporate violations and bank debt cost: The insurance effect of corporate social responsibility," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(5), pages 4487-4503, September.
    18. Despoina Caminis & Victoria Pekka-Economou, 2022. "Human Rights Issues in the Central Core Values of Corporate Sustainability Principles. Evidence from Voluntary Corporate Disclosure," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 72(3-4), pages 64-77, July-Dece.
    19. repec:hal:journl:hal-00914824 is not listed on IDEAS
    20. Daewook Kim & Myung-Il Choi, 2013. "A Comparison of Young Publics’ Evaluations of Corporate Social Responsibility Practices of Multinational Corporations in the United States and South Korea," Journal of Business Ethics, Springer, vol. 113(1), pages 105-118, March.
    21. Yang Deng & Tze San Ong & Rosmila Senik, 2024. "Trick or treat? A bibliometric literature review of corporate social responsibility and earnings management," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(5), pages 4361-4383, September.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:adx:journl:v:5:y:2023:i:1:p:42-49. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Iqbal Javed (email available below). General contact details of provider: https://www.scienceimpactpub.com/journals/index.php .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.