What's Wrong With Business Ethics
The field of business ethics is trapped between two competing and flawed conceptions of corporate responsibility. On the one hand is the shareholder value model, championed by Nobel Prize winning economist Milton Friedman, which claims that corporations owe positive moral obligations only to their shareholders. On the other hand is the normative stakeholder theory, which claims that corporations are morally obliged to secure the interests of a broad range of groups, of which share-holders are...[Show more]
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|Source:||International Social Science Journal|
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