ETHICAL AND INSTITUTIONAL ASPECTS OF BUSINESS CULTURE
Abstract
The purpose of this paper is to carry out theoretical analysis and highlight the basic ethical and institutional foundations of business culture in practical activity. The relevance of the chosen topic is due to the benefit of compliance with generally accepted moral and ethical principles and rules in the market system by business entities, as in the long term it forms a positive image, eliminates reputational risks, and also allows maintaining stable economic growth for society in general. The article is based on general scientific and fundamental provisions and principles of the mainstream theory – neo-institutionalism. The following general scientific methods were used in the research process: analysis, comparison, abstraction and specification, theoretical generalization. The genesis of the investigated issues and the relationship with the works of ancient philosophers are reflected. The most relevant elements of the problem of ethics and business culture of applied direction are detailed. Attention is focused on the basic principle of profitability of following certain ethical rules, as a result of systematizing business relations and obtaining competitive advantages. It was established that the ethical culture of business is a kind of product that has its own value and market value. The interpretation of the concept of "corporate business ethics" is presented. The list of universal ethical norms of business organizations corporate Codes is given and the advantages of their implementation due to the reputational, managerial and development functions of the general corporate culture are shown. It was emphasized that the application of ethical corporate codes is associated with certain difficulties, since there are no uniform requirements for their fulfillment. Further prospects are in the study of the national specifics of doing business in the context of moral and ethical issues.
References
Арістотель. Нікомахова етика. К. : Аквілон-Плюс, 2002. 480 с.
Бойко О. М. Правила бізнес-етики: проблеми застосування. Наукові записки Львівського університету бізнесу та права. Серія економічна. Серія юридична. Випуск 32. 2022. С. 92–98.
Вебер М. Протестанська етика та дух капіталізму. К.: Наш формат, 2023. 216 с.
Гуцуляк В. Р. Вплив бізнес-етики на ефективність менеджменту компанії. Вчені записки ТНУ імені В. І. Вернадського. Серія: Економіка і управління. Том 32 (71). № 1. 2021. С. 42–45.
Лукін Д. А., Мазило Т. В. Етичні аспекти бізнесу українських банків. Вісник НБУ. 2004. № 2. С. 22–24.
Лукін Д. А., Мазило Т. В. Нагальні питання бізнес етики в банківській галузі України. Технологічний аудит та резерви виробництва. № 3/5(23). 2015. С. 94–98.
Петрова А., Карінцева О., Тарасенко С. Бізнес-етичні аспекти для сталого розвитку: сучасний аналіз та оцінка. Економічний простір. № 190. 2024. С. 154–161.
Ціцерон М. Т. Тускуланські бесіди. Про обов’язки. К.: Апріорі, 2021. 440 с.
De Clerck F. Ethical Banking. Ethical Prospects. Netherlands: Springer, 2009. P. 209–227. https://doi.org/10.1007/978-1-4020-9821-5_10.
Koestenbaum P. The Heart of Business: Ethics, Power and Philosophy. Saybrook Pub, 1987. 368 p.
Nash L. Good intentions aside: a manager's guide to resolving ethical problems. Boston: Harvard Business School Press, 1993. 259 p.
North D. Institutions, Institutional Change and Economic Perfomance. Cambridge University Press, 1990. 152 p.
Rosefielde S. Comparative Economic Systems: Culture, Wealth, and Power in the 21st Century. Wiley-Blackwell, 2008. 304 p.
Sandbu M. Just business. Arguments in business ethics. New Jersey: Prentice Hall, 2011. 206 p.
Smith A. The Theory of Moral Sentiments. London: A. Millar, 1759.
Stephen M. R. Covey, Merrill R. R. The Speed of Trust: The One Thing That Changes Everything. N.Y.: Free Press, 2008. 354 p.
Sztompka P. Trust: A Sociological Theory. Cambridge: Cambridge University Press, 1999. 214 p.
Zaorski – Sikora L. Etyka w biznesie. Lodz: AHE, 2007. 96 s.
Aristotel (2002). Nikomakhova etyka [Nicomachean ethics]. Кyiv : Akvilon-Plus, 480 p. (in Ukrainian)
Boiko О. М. (2022). Pravyla biznes-etyky: problemy zastosuvannia [Rules of business ethics: problems of application]. Naukovi zapysky Lvivskoho universytetu biznesu ta prava – Scientific notes of Lviv University of Business and Law. Economics Series. Law Series. Issue 32. pp. 92–98. (in Ukrainian)
Veber М. (2023). Protestantska etyka ta dukh kapitalizmu [Protestant ethics and spirit of capitalism]. Кyiv: Nash format, 216 p. (in Ukrainian)
Hutsuliak V. R. (2021). Vplyv biznes-etyky na efektyvnist menedzhmentu kompanii [Business ethics influence on the company management effectiveness]. Naukovi zapysky TNU imeni V.I. Vernadskoho – Scientific notes of TNU named after V. I. Vernadskyi. Series: Economics and management, vol. 32 (71), no. 1. pp. 42–45. (in Ukrainian)
Lukin D. А., Mazylo Т. V. (2004). Etychni aspekty biznesu ukrayinskykh bankiv [Ethical aspects of business of Ukrainian banks]. Visnyk NBU – Bulletin of the NBU, no. 2, pp. 22–24. (in Ukrainian)
Lukin D. А., Mazylo Т. V. (2015). Nahalni pytannia biznes etyky v bankivskii haluzi Ukrainy [Urgent issues of business ethics in the banking industry of Ukraine]. Tekhnolohichnyi audyt ta rezervy vyrobnytstva – Technological audit and production reserves, no. 3/5(23). pp. 94–98. (in Ukrainian)
Petrova А., Кarintseva О., Тarasenko S. (2024). Biznes-etychni aspekty dlia staloho rozvytku: suchasnyi analiz ta otsinka [Business ethical aspects for sustainable development: modern analysis and assessment]. Ekonomichnyi prostir – Economic space. № 190. pp. 154–161. (in Ukrainian)
Tsitseron М. Т. (2021). Tuskulanski besidy. Pro oboviazky [Tusculan talks. About duties]. Кyiv: Apriori, 440 p. (in Ukrainian)
De Clerck F. (2009). Ethical Banking. Ethical Prospects. Netherlands: Springer, pp. 209–227. DOI:https://doi.org/10.1007/978-1-4020-9821-5_10. (in English)
Koestenbaum P. (1987). The Heart of Business: Ethics, Power and Philosophy. Saybrook Pub, 368 p. (in English)
Nash L. (1993). Good intentions aside: a manager's guide to resolving ethical problems. Boston: Harvard Business School Press, 259 p. (in English)
North D. (1990). Institutions, Institutional Change and Economic Perfomance. Cambridge University Press, 152 p. (in English)
Rosefielde S. (2008). Comparative Economic Systems: Culture, Wealth, and Power in the 21st Century. Wiley-Blackwell, 304 p. (in English)
Sandbu M. (2011). Just business. Arguments in business ethics. New Jersey: Prentice Hall, 206 p. (in English)
Smith A. (1759). The Theory of Moral Sentiments. London: A. Millar. (in English)
Stephen M. R. Covey, Merrill R. R. (2008). The Speed of Trust: The One Thing That Changes Everything. N.Y.: Free Press, 354 p. (in English)
Sztompka P. (1999). Trust: A Sociological Theory. Cambridge: Cambridge University Press, 214 p. (in English)
Zaorski – Sikora L. (2007). Etyka w biznesie. Lodz: AHE, 96 s. (in Polish)
This work is licensed under a Creative Commons Attribution 4.0 International License.
