Asian Journal of Business Ethics最新文献

{"title":"Local corruption and corporate risk-taking: new evidence from an emerging market","authors":"Thi Mai Nguyen,&nbsp;Quoc Trung Tran,&nbsp;Quynh Nga Nguyen Thi,&nbsp;Hong Phat Doan","doi":"10.1007/s13520-025-00238-8","DOIUrl":"10.1007/s13520-025-00238-8","url":null,"abstract":"<div><p>While prior research shows that corruption sands the wheel of firms’ risk-taking, this paper argues that the institutional environment in Vietnam may make local corruption grease the wheel of corporate risk-taking. Using a dataset of 7341 observations from 555 firms listed during the period 2008–2022, we document that firms headquartered in higher corruption provinces have higher incentives to take risks. Moreover, the association between local corruption and corporate risk-taking is weaker in state-owned and financially unconstrained firms.</p></div>","PeriodicalId":54051,"journal":{"name":"Asian Journal of Business Ethics","volume":"14 1","pages":"285 - 302"},"PeriodicalIF":3.2,"publicationDate":"2025-05-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145162398","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Responsible leadership in creating socially responsible business through impacting micro employee outcomes","authors":"Damini Saini,&nbsp;Anjali Bansal,&nbsp;Radha Yadav","doi":"10.1007/s13520-025-00235-x","DOIUrl":"10.1007/s13520-025-00235-x","url":null,"abstract":"<div><p>Drawing from the social learning and self-determination theory, we investigated the employee outcomes resulting from the perceived responsible behaviour of their leaders in the organisations through affective and normative commitment as a mediator. The proposed hypotheses were tested using structural equation modeling and followed two steps. The researchers administered the survey to collect data targeting 370 Indian middle-level managers working full-time. The study revealed that perceived responsible leadership considerably influences employee satisfaction and productivity. Furthermore, along with the direct significant relationship among perceived responsible leadership, employee satisfaction, and productivity, the results also indicated the presence of an indirect effect. This research guides new-age leaders on inducing employee productivity and satisfaction by leading responsibly and enhancing their affective and normative commitment. This study uniquely contributes to responsible leadership literature by linking it with self-determination theory. This study uniquely extends the limited understanding of responsible leadership and its relationship with employee satisfaction and productivity.</p></div>","PeriodicalId":54051,"journal":{"name":"Asian Journal of Business Ethics","volume":"14 1","pages":"235 - 257"},"PeriodicalIF":3.2,"publicationDate":"2025-05-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145161898","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Reinvigorating the nexus between spiritual leadership and employee happiness: evidence from the indian hospitality context","authors":"Srilalitha Ravikumar,&nbsp;Shameem Shagirbasha","doi":"10.1007/s13520-025-00236-w","DOIUrl":"10.1007/s13520-025-00236-w","url":null,"abstract":"<div><p>The Indian hospitality industry has experienced significant growth following the pandemic. Hospitality means providing services to the guests, and the burden of providing such exceptional services is on the frontline employees (FLE). As a result, while keeping their guests happy, FLE have ignored to be happy themselves. Although being hospitable is ingrained in Indian culture, the challenging work situations, stress, and poor earnings have negatively impacted FLE’s quality of life. It is imperative that hoteliers and policy makers look at ways to cherish and engage their human capital. Therefore, this study proposes a framework for revitalising the Indian hospitality industry by investigating the direct and indirect ways to promote FLE happiness through spiritual leadership (SL), meaningful work and sense of community, based on the conservation of resources (COR) and cognitive appraisal theories. Survey data was gathered from 362 FLE across India, and data was analysed using SEM and PROCESS macro V4.1. Results indicate that SL contributed greatly to improving the beneficial effects of meaningful work and sense of community on FLE happiness through serial mediation paths. Additionally, however, the findings also revealed a curvilinear relationship between SL and FLE happiness, indicating that too much of SL was not always beneficial, and suggesting new lines of inquiry. This study shed light on theoretical and managerial implications from a service industry context, thus reinvigorating research in the hospitality industry.</p></div>","PeriodicalId":54051,"journal":{"name":"Asian Journal of Business Ethics","volume":"14 1","pages":"259 - 283"},"PeriodicalIF":3.2,"publicationDate":"2025-04-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145170041","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"How far does membership in the Chinese government and the party contribute to wealth accumulation and protection: an empirical investigation","authors":"Zhu Zhang","doi":"10.1007/s13520-025-00234-y","DOIUrl":"10.1007/s13520-025-00234-y","url":null,"abstract":"<div><p>How significant is membership in the Chinese government and party organizations, such as the National People’s Congress (NPC) and the Chinese People’s Political Consultative Conference (CPPCC), in shaping the wealth of private sector elites? Analyzing <i>China Rich List</i> data (1999–2015) with Ordinary Least Squares regression, Propensity Score Matching, and the Cox Hazard model, this study finds that NPC and CPPCC affiliation significantly boosts initial wealth accumulation, while Chinese Communist Party membership alone has minimal impact. However, political connections alone do not ensure long-term financial security, as industry positioning and inherited wealth play growing roles. Entrepreneurs in state-backed strategic industries gain wealth quickly but face volatility, while traditional sectors provide stability. Second-generation elites benefit from inherited wealth but experience higher early exit risks. A generational shift indicates a move toward market-driven success, though political influence remains crucial. The study underscores the ethical concerns of crony capitalism, where political ties distort competition and corporate accountability, offering insights into China’s evolving state-business relations.</p></div>","PeriodicalId":54051,"journal":{"name":"Asian Journal of Business Ethics","volume":"14 1","pages":"203 - 234"},"PeriodicalIF":3.2,"publicationDate":"2025-04-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://link.springer.com/content/pdf/10.1007/s13520-025-00234-y.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145167859","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Sustainable development practices as a mediator: linking entrepreneurial orientation to SME business performance","authors":"Say Keat Ooi,&nbsp;Shaohua Yang,&nbsp;Yusuf Babatunde Adeneye","doi":"10.1007/s13520-025-00233-z","DOIUrl":"10.1007/s13520-025-00233-z","url":null,"abstract":"<div><p>Although sustainable development is increasingly prioritised, many entrepreneurs remain skeptical about the appropriateness of sustainable practices for small and medium enterprises (SMEs), questioning the value of adopting green initiatives. Grounded in the resource-based view, this study investigates the mediating role of sustainable development practices in linking entrepreneurial and international orientations and business performance in SMEs. Data were gathered from 105 SME owners and senior managers across multiple sectors using the drop-off and pick-up method and analysed using partial least squares (PLS) path modelling. The findings reveal that sustainable practices play a critical mediating role in enhancing business performance. Specifically, entrepreneurial orientation positively influences business performance indirectly through engagement in sustainable development practices, while international orientation does not produce a similar effect. This highlights the importance of aligning entrepreneurial traits, such as innovation, proactiveness, and risk-taking, with sustainability-oriented strategies. Additionally, the model’s predictive capability was assessed, and the study provides both theoretical insights into the mediating mechanisms of sustainability and practical recommendations for SMEs aiming to adopt sustainable business practices.</p></div>","PeriodicalId":54051,"journal":{"name":"Asian Journal of Business Ethics","volume":"14 1","pages":"177 - 201"},"PeriodicalIF":3.2,"publicationDate":"2025-02-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145167798","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Perceptions of moral capital by marketers: a grounded theory study in Yazd traditional market","authors":"Seyedeh Negin Malja,&nbsp;Hossein Afrasiabi","doi":"10.1007/s13520-025-00232-0","DOIUrl":"10.1007/s13520-025-00232-0","url":null,"abstract":"<div><p>Ethics is integral to the social fabric, serving as a spiritual cornerstone for the continuity and progress of society. However, business ethics appears to have shifted in recent years, with ongoing debates around the nature of ethical and unethical practices in various markets. This study investigates the dynamics of market ethics in the traditional bazaar of Yazd, Iran, against the backdrop of a perceived decline in ethical standards and fairness. Using a qualitative-interpretive approach and grounded theory methodology, we conducted in-depth interviews with 21 seasoned marketers (aged 34 to 79) from the Zargari, Khan, and Shahzad Fazel markets, each with over 15 years of market experience. The analysis identified several main categories, including the erosion of trust, material preferences, the negative effect of virtual space, reducing the influence of religion, economic problems and inflation, the formation of competitive market, and lack of proper supervision. The core category, “erosion of moral capital in the marketplace,” emerged from these categories, encapsulating the broader shift. Findings indicate a notable decline in market ethics, driven by intersecting social, individual, and environmental factors. This study offers insights into the complex factors influencing ethical degradation in traditional markets and underscores the need for renewed attention to ethical standards in commercial environments.</p></div>","PeriodicalId":54051,"journal":{"name":"Asian Journal of Business Ethics","volume":"14 1","pages":"153 - 175"},"PeriodicalIF":3.2,"publicationDate":"2025-01-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145171333","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Truthfulness in business managers: views on perception of integrity, ethical challenges, and strategic responses","authors":"Rojalin Patri,&nbsp;Vandana Madhavan,&nbsp;Viswanathan P. K.,&nbsp;Dhanya Manayath","doi":"10.1007/s13520-025-00231-1","DOIUrl":"10.1007/s13520-025-00231-1","url":null,"abstract":"<div><p>The study objective is to understand the perception of truthfulness among business managers as practiced in organizations, the critical situations that test their truthfulness, and their responses to such situations. A qualitative approach involving conventional content analysis was adopted to address the research objectives. The results indicate that managers carry a conventional and altered view of truthfulness. While the conventional view encourages them to expect perfection and righteousness in the workplace, the altered view convinces them that small compromises resulting in a gain, lies to avoid interference, and dishonesty in response to non-transparency in management, are acceptable and judicious. Target pressure, coercion to conceal the fact, taking leave, or working from home tested the truthfulness of managers apart from incentives and promotion aspirations. To respond, business managers choose to fight, succumb, or cope by being diplomatic. The study provides meaningful implications for new employee orientation and management education.</p></div>","PeriodicalId":54051,"journal":{"name":"Asian Journal of Business Ethics","volume":"14 1","pages":"121 - 151"},"PeriodicalIF":3.2,"publicationDate":"2025-01-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145168712","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Effects of Confucian values and national culture on business ethics in China: an empirical examination","authors":"Rafik I. Beekun,&nbsp;Jim Westerman,&nbsp;Ji Guo,&nbsp;Daniel Jones,&nbsp;Jennifer Westerman","doi":"10.1007/s13520-024-00229-1","DOIUrl":"10.1007/s13520-024-00229-1","url":null,"abstract":"<div><h3>Abstract</h3><p>China’s business sector has been described as facing serious ethical challenges, including corruption and bribery, distributive injustice, environmental pollution, and misspending of public funds. Unethical decision-making in business represents a potentially destabilizing force for government, business, and society. Recent calls for research that is detailed, nuanced, contemporary, and context-specific on the effects of Asian national business systems on ethical business practices, according to Pereira et al. (2017), are particularly relevant for countries including China that possess the entanglement of a “multiplexity”-multiple business systems co-existing within the same economy reliant on ethics and institutional trust for effective functioning, as discussed by Witt and Redding (2013). To this end, we conduct exploratory research investigating the relationship among Confucian values, Hofstede’s national culture, and ethical decision-making within a business context in China. Using data collected from 550 Chinese MBA students and business executives, results indicate that although both Confucian values and Hofstede’s national culture dimensions are associated with the use of egoism and justice in ethical decision-making scenarios, differential patterns emerged in these relationships. Confucian values were more predictive of outcomes. Of particular interest were the relationships between Confucian values and ethical criteria of <i>yi</i> and justice as well as <i>li</i> and <i>zhi</i> with egoism. Results suggest if the goal is enhancing institutional trust through an increased use of more principled justice-oriented ethics in business in China, an emphasis should be placed on <i>yi</i> (righteousness), coupled with a deemphasis on hierarchy and tradition in the form of <i>li</i> (ritual propriety) and <i>zhi</i> (wisdom). Including love of learning (<i>haoxue</i>), trust (<i>xin</i>), a long-term orientation, and individualistic messages oriented towards family and self-sufficiency may also strengthen overall ethical decision-making for SMEs, MNCs, and SOEs in navigating a multiplexity environment.</p></div>","PeriodicalId":54051,"journal":{"name":"Asian Journal of Business Ethics","volume":"14 1","pages":"59 - 89"},"PeriodicalIF":3.2,"publicationDate":"2024-12-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145165815","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Corporate ethics under scrutiny: shareholder and manager trading in financially distressed firms","authors":"Dachen Sheng,&nbsp;Heather A. Montgomery","doi":"10.1007/s13520-024-00230-8","DOIUrl":"10.1007/s13520-024-00230-8","url":null,"abstract":"<div><p>This study explores the ethical implications of information asymmetry in corporate governance, focusing on insider trading by firm managers and the largest shareholders. We empirically analyze trading behaviors around distress events and their subsequent recoveries in the context of the Chinese Stock Exchange. The findings reveal that both managers and the largest shareholders exploit their privileged access to information for personal gain, significantly impacting other investors. However, this behavior is less prevalent among state-owned enterprises (SOEs), where the largest shareholders do not engage in opportunistic trading. In contrast, family-owned firms exhibit a heightened use of insider information, with the largest shareholders strategically trading to maximize personal benefits. Our analysis extends to unobservable insider information, demonstrating that the largest shareholders’ trades are strongly associated with negative performance events, reinforcing the presence of information asymmetry. These results underscore the need for stronger regulatory frameworks to safeguard investor interests and address ethical concerns in financial markets.</p></div>","PeriodicalId":54051,"journal":{"name":"Asian Journal of Business Ethics","volume":"14 1","pages":"91 - 119"},"PeriodicalIF":3.2,"publicationDate":"2024-12-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145164593","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Do political connections and foreign investments matter for ESG disclosure in emerging countries? Evidence from Vietnam","authors":"Thuy Nguyen-Thi-Hong,&nbsp;Nguyen To-The,&nbsp;Lam Ho-Bao,&nbsp;My Duong-Thi-Tra,&nbsp;Anh Nguyen-Thi-Phuong","doi":"10.1007/s13520-024-00228-2","DOIUrl":"10.1007/s13520-024-00228-2","url":null,"abstract":"<div><p>This study aims to determine whether political connections and foreign investments influence the level of Environmental, Social, and Governance (ESG) disclosure among listed firms. To empirically explore these relationships, we utilized a novel dataset of 111 listed manufacturing firms on the HOSE stock exchange in Vietnam, covering the period from 2015 to 2022. Content analysis was conducted to assess the levels of ESG disclosure, while ordered logit and random effect estimators, along with several robustness checks, were applied to quantify the impacts of political connections and foreign investments. Our findings reveal that foreign connections are positively correlated with higher levels of ESG disclosure, whereas politically connected firms are associated with negative impacts and lower levels of ESG disclosure compared to those with foreign connections. These results address the research questions effectively and contribute to the literature by offering an updated view of current ESG practices in Vietnam, an emerging economy with evolving ESG norms. The findings provide both theoretical and practical contributions to the understanding of ESG disclosure, with important implications for policy-makers and business leaders.</p></div>","PeriodicalId":54051,"journal":{"name":"Asian Journal of Business Ethics","volume":"14 1","pages":"35 - 57"},"PeriodicalIF":3.2,"publicationDate":"2024-12-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145161276","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}