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A framework for analyzing international business and legal ethical standards

Author

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  • Gaughan, Patrick H.
  • Javalgi, Rajshekhar (Raj) G.

Abstract

Globalization increasingly brings businesses and legal providers together. With the help of lawyers, savvy businesspeople can complete complicated international transactions or create multinational networks of related corporations. This isolates risk, facilitates local business transactions, and carefully tailors localized ownership structures. However, these globalization activities can also facilitate activities such as international jurisdiction shopping, tax evasion, money laundering, and even terrorist financing. The resultant challenges undermine the ability of all parties to both compete and pursue ethical behavior across national markets. This article develops a framework for analyzing international business and legal ethics. Specifically, we focus on four key topics: (1) how globalization impacts both business and legal ethics; (2) the special role played by national interests in shaping the applicable ethics and legal standards; (3) a framework to explain how the configuration of international business networks and related legal services can have dramatic ethical implications; and (4) applicable issues identified in the Panama Papers and the Paradise Papers.

Suggested Citation

  • Gaughan, Patrick H. & Javalgi, Rajshekhar (Raj) G., 2018. "A framework for analyzing international business and legal ethical standards," Business Horizons, Elsevier, vol. 61(6), pages 813-822.
    • Handle: RePEc:eee:bushor:v:61:y:2018:i:6:p:813-822
    DOI: 10.1016/j.bushor.2018.07.003
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    References listed on IDEAS

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    Cited by:

    1. Posthuma, Richard A., 2022. "High-compliance work systems: Innovative solutions for firm success and control of foreign corruption," Business Horizons, Elsevier, vol. 65(2), pages 205-214.
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    3. Angela Madan & Mihai-Ioan Roșca & Adrian Apostol, 2022. "A Holistic Concept based on Modern Influential Techniques of Integrated Marketing Communication: A Country Image Model," Journal of Emerging Trends in Marketing and Management, The Bucharest University of Economic Studies, vol. 1(1), pages 71-90, November.

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