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Corporate Governance and Ethical Behavior: A National Perspective

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  • Ionel-Alin Ienciu

    (Babeș-Bolyai University)

Abstract

Ethical behavior is an important aspect for the success of a company, as it influences its relations with various stakeholders. Our study reflects how the efficiency of the board of directors influences the ethical behavior of companies. We conclude stating that the efficiency of the board of directors, ensured by a sufficient number of members, by the predominance of independent non-executive members would lead to an efficient supervision of the executives, impeding the management from acting towards the maximization of their own interests and acting nonethically.

Suggested Citation

  • Ionel-Alin Ienciu, 2012. "Corporate Governance and Ethical Behavior: A National Perspective," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 15(35), pages 49-68, September.
    • Handle: RePEc:rej:journl:v:15:y:2012:i:45:p:49-68
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    References listed on IDEAS

    as
    1. Booth, Peter & Schulz, Axel K. -D., 2004. "The impact of an ethical environment on managers' project evaluation judgments under agency problem conditions," Accounting, Organizations and Society, Elsevier, vol. 29(5-6), pages 473-488.
    2. Svensson, Göran & Wood, Greg & Callaghan, Michael, 2010. "A corporate model of sustainable business practices: An ethical perspective," Journal of World Business, Elsevier, vol. 45(4), pages 336-345, October.
    3. Mark Schwartz, 2012. "The State of Business Ethics in Israel: A Light Unto the Nations?," Journal of Business Ethics, Springer, vol. 105(4), pages 429-446, February.
    4. Catherine C Langlois & Bodo B Shlegemilch, 1990. "Do Corporate Codes of Ethics Reflect National Character? Evidence from Europe and the United States," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 21(4), pages 519-539, December.
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    Cited by:

    1. Yasemin Zengin Karaibrahimoglu & Burcu Guneri Cangarli, 2016. "Do Auditing and Reporting Standards Affect Firms’ Ethical Behaviours? The Moderating Role of National Culture," Journal of Business Ethics, Springer, vol. 139(1), pages 55-75, November.

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    More about this item

    Keywords

    ethical behavior; corporate governance; board of directors; efficiency; country level;
    All these keywords.

    JEL classification:

    • M49 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Other

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