< Précédent | Suivant > |
---|
Abstract
This article delves into a potential mindset that may be responsible for the recent financial meltdown. Research relating
to this mindset from different perspectives is reviewed. The findings from this literature review are used to create a conceptual
framework for the empirical, ethical, and corporate social responsibility study of financial professionals. Data were collected
from a survey of the professional membership of a large national association of financial professionals. This article reports
the results of the analysis of data relative to the relationships among the four constructs—financial professionals’ perceived
organizational value clusters, ethics, corporate social responsibility, and corporate performance. The findings indicate that
organizational core values significantly affect corporate ethics, social responsibility, and financial performance. We propose
that organizations in the financial industry can move toward being more ethical and socially responsible by adopting organic
core values (e.g., democratic, open, trusting, enterprising, creative, stimulating) and moving away from mechanistic values
(e.g., structured, regulated, procedural, authoritarian, closed, callous). We also found the adaptation of organic core values
does not require the organization to suffer a loss in financial performance.
- Content Type Journal Article
- Pages 1-10
- DOI 10.1007/s10551-012-1227-4
- Authors
- K. Gregory Jin, Ancell School of Business, Western Connecticut State University, Danbury, CT, USA
- Ronald Drozdenko, Ancell School of Business, Western Connecticut State University, Danbury, CT, USA
- Sara DeLoughy, Ancell School of Business, Western Connecticut State University, Danbury, CT, USA
- Journal Journal of Business Ethics
- Online ISSN 1573-0697
- Print ISSN 0167-4544