TY  - CHAP
AB  - Purpose – To integrate agency and stakeholder theories with the Jacobs Value Distinction (JVD) thus presenting a micro and macro reconsideration of the JVD for a finer grained perception of the values underpinning corporate and global governance initiatives.Design/methodology/approach – By extrapolating the JVD – commercial and guardian – this chapter examines the roots of moral malaise in the modern global firm. Examples and a theoretical rationale are given for identifying why and how ethical – moral problems continue to occur.Findings – A metaphorical maelstrom is discernible in the global business environment and more turmoil, especially in balancing business values, is emerging for the managers of today’s corporations. Application of the JVD predicts that under certain conditions the hybrid nature of the firm causes managers and shareholders to engage in morally risky behaviour. In further exploring the value basis of the 10 principles of the United Nations (UN) Global Compact, it is found that similar values conflict, which intensifies the need for international business managers to beware the moral risks.Research implications – This viewpoint draws upon sound theoretical analysis and future studies should collate case analysis and practitioner interview data to further consolidate the findings. The viewpoint gives managers a useful tool for identifying conflicts of values underlying decisions and forms the basis for continuous improvement in the context of operational and strategic actions in international business.Originality/value of chapter – The integration of the JVD with agency and stakeholder theories is new and critique of the 10 principles of the UN Global Compact via the JVD has not happened previously.
VL  - 12
SN  - 978-1-78190-627-9, 978-1-78190-628-6/2051-5030
DO  - 10.1108/S2051-5030(2013)0000012015
UR  - https://doi.org/10.1108/S2051-5030(2013)0000012015
AU  - Ross Jane
AU  - Ross Jack
AU  - Creed Andrew
ED  - Liam Leonard
ED  - Maria Alejandra Gonzalez-Perez
PY  - 2013
Y1  - 2013/01/01
TI  - Corporate Ethics and Values: Guiding Business out of the Maelstrom
T2  - Principles and Strategies to Balance Ethical, Social and Environmental Concerns with Corporate Requirements
T3  - Advances in Sustainability and Environmental Justice
PB  - Emerald Group Publishing Limited
SP  - 223
EP  - 243
Y2  - 2024/04/24
ER  -