Symbolic or Substantive Document ? The Influence of Ethics Codes on Financial Executives’ Decisions  

Oleh:

Stevens, John M. ; Steensma, H. Kevin ; Harrison, David A. ; Cochran, Philip L.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 26 no. 2 (Feb. 2005), page 181-195.
Topik: ETHICS; executive decision - making; stakeholders; ethics code

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: SS30.18 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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With the recent spate of scandals resulting from the questionable behaviour of corporate leaders, there have been calls for various governance mechanisms including ethics codes to guide executives decision - making. However, the extent to which ethics codes are actually used by executives when making strategic choices as opposed to being merely symbolic is unknown. We develop our hypotheses by combining stakeholder management theory and the theory of planned behaviour, and test them with a survey of 302 senior financial executives (e. g. CFOs, VPs of finance). We find that financial executives are more likely to integrate their company's ethics code into their strategic decision processes if : a. they perceive pressure form market stakeholders to do so (suppliers, customers, shareholders, etc) b. they believe the use of ethics codes creates an internal ethical culture and promotes a positive external image for their firms, and c. the stakeholder pressure is further enhanced when executives also believe that the code will promote a positive external image. Of particular note, we do not find that pressure from non - market stakeholders (e. g. regulatory agencies, government bodies, court systems) has a unique impact on ethics code use.

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