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Managerial Values in the Institutional Context

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  • R. Alas
  • J. Ennulo
  • L. Türnpuu

Abstract

A comparative study of business related values among business students was conducted over the last 10Â years in two neighbouring countries. Although Estonia and Finland are culturally related, according to an empirical study of managerial values, including the ethical values of business students, the two countries display significant differences. During the last decade, Estonia has changed from being a country characterised by an authoritarian, centralized, totalitarian state socialism, to a democratic country with a free market economy and different attitudes and values. At the same time Finland has experienced almost a century of capitalism and democracy. It is argued that the differences in values exhibited by these two countries could be explained by using the institutional and historical context. The authors propose a model of value hierarchies in relation to institutionalism. Copyright Springer 2006

Suggested Citation

  • R. Alas & J. Ennulo & L. Türnpuu, 2006. "Managerial Values in the Institutional Context," Journal of Business Ethics, Springer, vol. 65(3), pages 269-278, May.
    • Handle: RePEc:kap:jbuset:v:65:y:2006:i:3:p:269-278
    DOI: 10.1007/s10551-005-5494-1
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    Citations

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    Cited by:

    1. Ruth Alas, 2009. "The Impact of Work-Related Values on the Readiness to Change in Estonian Organizations," Journal of Business Ethics, Springer, vol. 86(2), pages 113-124, May.
    2. Katharina Katja Mihelic & Bogdan Lipicnik, 2010. "Corparate managers and their potential younger successors. An examination of their values," Journal of East European Management Studies, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 15(4), pages 288-311.
    3. Ruth Alas & Sun Wei, 2008. "Institutional Impact on Work-related Values in Chinese Organizations," Journal of Business Ethics, Springer, vol. 83(2), pages 297-306, December.

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