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Role of collective and personal virtues in corporate citizenship and business success: a mixed method approach

Organisational leaders mismanaging business affairs are guided by performance pressures and/or greed while pressurising employees to follow. Unethical activities have led to stakeholder losses, with no accountability by individuals perpetuating the fraud. Corporate governance frameworks and subseque...

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Bibliographic Details
Published in:Asian journal of business ethics 2022-12, Vol.11 (Suppl 1), p.55-83
Main Authors: Ramachandran, Jayalakshmy, Subramaniam, Geetha, Yee, Angelina Seow Voon, Ponnusamy, Vanitha
Format: Article
Language:English
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Summary:Organisational leaders mismanaging business affairs are guided by performance pressures and/or greed while pressurising employees to follow. Unethical activities have led to stakeholder losses, with no accountability by individuals perpetuating the fraud. Corporate governance frameworks and subsequent reforms have been used merely as tick box measures, proving them inefficient in numerous corporate collapses. This study intends to explore and analyse the roles of personal and collective virtues in corporate citizenship. Developing from the virtues theory and using a mixed method of three focus group discussions and a self-administered questionnaire of 119 participants from various organisations, the authors establish that personal virtues are important to portray ethical individualism. However, in a corporate setting, collective virtues are more important to enhance corporate citizenship, through ethical culture and collective accountability.
ISSN:2210-6723
2210-6731
DOI:10.1007/s13520-022-00150-5