IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v14y2022i23p15805-d986299.html
   My bibliography  Save this article

Ethical Responsibility and Sustainability (ERS) Development in a Metaverse Business Model

Author

Listed:
  • Muhammad Anshari

    (School of Business and Economics, Universiti Brunei Darussalam, Bandar Seri Begawan BE1410, Brunei)

  • Muhammad Syafrudin

    (Department of Artificial Intelligence, Sejong University, Seoul 05006, Republic of Korea)

  • Norma Latif Fitriyani

    (Department of Data Science, Sejong University, Seoul 05006, Republic of Korea)

  • Abdur Razzaq

    (Faculty of Dakwah & Communication, Universitas Islam Negeri Raden Fatah, Palembang 30126, Sumatera Selatan, Indonesia)

Abstract

Businesses are starting to use the Metaverse to expand their service network and establish new value co-creation for customers. However, businesses may need to carefully assess the ethical implications of their data collection and utilisation procedures for business sustainability. This paper examines the ethical concerns surrounding the usage of the Metaverse by organisations to obtain a competitive edge. This research was based on an exploratory assessment of business ethics and a Metaverse business model. A structured literature review was selected as the study’s design to get a better understanding of the issue. This research provides preliminary insights into the Metaverse and its business ethics, suggesting that any business must have a transparent policy regarding its Metaverse applications to foster a culture of ethics. This research aims to promote a constructive discussion on the issue of ethics in the context of the Metaverse that arises when an organisation conducts a violation or misuses user data. This paper is useful for people in the fields of technology and public policy, such as academics, businesspeople, and policymakers.

Suggested Citation

  • Muhammad Anshari & Muhammad Syafrudin & Norma Latif Fitriyani & Abdur Razzaq, 2022. "Ethical Responsibility and Sustainability (ERS) Development in a Metaverse Business Model," Sustainability, MDPI, vol. 14(23), pages 1-14, November.
  • Handle: RePEc:gam:jsusta:v:14:y:2022:i:23:p:15805-:d:986299
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/14/23/15805/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/2071-1050/14/23/15805/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Jukka Jouhki & Epp Lauk & Maija Penttinen & Niina Sormanen & Turo Uskali, 2016. "Facebook’s Emotional Contagion Experiment as a Challenge to Research Ethics," Media and Communication, Cogitatio Press, vol. 4(4), pages 75-85.
    2. Brickley, James A. & Smith Jr., Clifford W. & Zimmerman, Jerold L., 2002. "Business ethics and organizational architecture," Journal of Banking & Finance, Elsevier, vol. 26(9), pages 1821-1835, September.
    3. Martina Keitsch, 2018. "Structuring Ethical Interpretations of the Sustainable Development Goals—Concepts, Implications and Progress," Sustainability, MDPI, vol. 10(3), pages 1-9, March.
    4. Muhammad Anshari & Wardah Hakimah Sumardi, 2020. "Employing big data in business organisation and business ethics," International Journal of Business Governance and Ethics, Inderscience Enterprises Ltd, vol. 14(2), pages 181-205.
    5. Ali Alshehhi & Haitham Nobanee & Nilesh Khare, 2018. "The Impact of Sustainability Practices on Corporate Financial Performance: Literature Trends and Future Research Potential," Sustainability, MDPI, vol. 10(2), pages 1-25, February.
    6. Annamaria Di Fabio & José María Peiró, 2018. "Human Capital Sustainability Leadership to Promote Sustainable Development and Healthy Organizations: A New Scale," Sustainability, MDPI, vol. 10(7), pages 1-11, July.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Wasswa Asaph Senoga, 2023. "Effectiveness of Regulatory Compliance, Auditing, Physical Assets Control Practices on Financial Performance in Churches," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(3), pages 1354-1375, March.
    2. Mohammad (Behdad) Jamshidi & Arash Dehghaniyan Serej & Alireza Jamshidi & Omid Moztarzadeh, 2023. "The Meta-Metaverse: Ideation and Future Directions," Future Internet, MDPI, vol. 15(8), pages 1-31, July.

    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. Alba Manresa & Dalilis Escobar Rivera, 2021. "Excellence in Sustainable Management in a Changing Environment," Sustainability, MDPI, vol. 13(4), pages 1-24, February.
    2. Sergio Pérez & Samuel Fernández-Salinero & Gabriela Topa, 2018. "Sustainability in Organizations: Perceptions of Corporate Social Responsibility and Spanish Employees’ Attitudes and Behaviors," Sustainability, MDPI, vol. 10(10), pages 1-15, September.
    3. Ivan Hilliard, 2013. "Responsible Management, Incentive Systems, and Productivity," Journal of Business Ethics, Springer, vol. 118(2), pages 365-377, December.
    4. Fiaz Ahmad Sulehri & Saba Sharif, 2022. "The Impact of Firm Sustainability on Firm Growth: Evidence from USA," Journal of Policy Research (JPR), Research Foundation for Humanity (RFH), vol. 8(2), pages 1-15, August.
    5. Luigi Corvo & Lavinia Pastore & Arianna Manti & Daniel Iannaci, 2021. "Mapping Social Impact Assessment Models: A Literature Overview for a Future Research Agenda," Sustainability, MDPI, vol. 13(9), pages 1-16, April.
    6. Halkos, George & Nomikos, Stylianos, 2021. "Corporate social responsibility: Trends in global reporting initiative standards," Economic Analysis and Policy, Elsevier, vol. 69(C), pages 106-117.
    7. da Silva, Agostinho & Almeida, Isabel, 2020. "Towards INDUSTRY 4.0 | a case STUDY in ornamental stone sector," Resources Policy, Elsevier, vol. 67(C).
    8. Henry Schwartz & Tomi Solakivi & Magnus Gustafsson, 2022. "Is There Business Potential for Sustainable Shipping? Price Premiums Needed to Cover Decarbonized Transportation," Sustainability, MDPI, vol. 14(10), pages 1-20, May.
    9. Md. Shahzalal & Azizul Hassan, 2019. "Communicating Sustainability: Using Community Media to Influence Rural People’s Intention to Adopt Sustainable Behaviour," Sustainability, MDPI, vol. 11(3), pages 1-28, February.
    10. Bruna Marinangeli, 2012. "Orientamento allo stakeholder engagement e performance economiche nelle aziende bancarie: un?analisi empirica," ECONOMIA E DIRITTO DEL TERZIARIO, FrancoAngeli Editore, vol. 2012(3), pages 319-335.
    11. Anupam Singh & Priyanka Verma, 2018. "Driving Brand Value Through CSR Initiatives: An Empirical Study in Indian Perspective," Global Business Review, International Management Institute, vol. 19(1), pages 85-98, February.
    12. Sevdiye E. Yılmaz, 2019. "Methodological View of Business Ethics Researches in Turkey: A Review on Postgraduate Theses," International Business Research, Canadian Center of Science and Education, vol. 12(8), pages 107-115, August.
    13. Alvaro Guitart Martín & Ricardo J. Palomo Zurdo, 2021. "Digital Inability and Social Sustainability in the Face of the Fourth Industrial Revolution: A Proposal of New Non-Financial Indicators," Sustainability, MDPI, vol. 13(24), pages 1-18, December.
    14. Giorgia Miotto & Marc Polo López & Josep Rom Rodríguez, 2019. "Gender Equality and UN Sustainable Development Goals: Priorities and Correlations in the Top Business Schools’ Communication and Legitimation Strategies," Sustainability, MDPI, vol. 11(2), pages 1-18, January.
    15. Annamaria Di Fabio & Maureen E. Kenny, 2018. "Intrapreneurial Self-Capital: A Key Resource for Promoting Well-Being in a Shifting Work Landscape," Sustainability, MDPI, vol. 10(9), pages 1-11, August.
    16. Simone Pizzi & Fabio Caputo & Andrea Venturelli, 2020. "Does it pay to be an honest entrepreneur? Addressing the relationship between sustainable development and bankruptcy risk," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(3), pages 1478-1486, May.
    17. Guidi, Marco G.D. & Hillier, Joe & Tarbert, Heather, 2010. "Successfully reshaping the ownership relationship by reducing ‘moral debt’ and justly distributing residual claims: The cases from Scott Bader Commonwealth and the John Lewis Partnership," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 21(4), pages 318-328.
    18. Daniela Pajardi & Monia Vagni & Viviana La Spada & Serena Cubico, 2020. "International Cooperation in Developing Countries: Reducing Fatalism and Promoting Self-Efficacy to Ensure Sustainable Cooperation," Sustainability, MDPI, vol. 12(2), pages 1-14, January.
    19. Concepción Garcés-Ayerbe & Pilar Rivera-Torres & Josefina L. Murillo-Luna & Cristina Suárez-Gálvez, 2022. "Does it pay more to be green in family firms than in non-family firms?," Review of Managerial Science, Springer, vol. 16(5), pages 1365-1386, July.
    20. Chi-Shiun Lai & Chih-Jen Chiu & Chin-Fang Yang & Da-Chang Pai, 2010. "The Effects of Corporate Social Responsibility on Brand Performance: The Mediating Effect of Industrial Brand Equity and Corporate Reputation," Journal of Business Ethics, Springer, vol. 95(3), pages 457-469, 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:gam:jsusta:v:14:y:2022:i:23:p:15805-:d:986299. 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: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    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.