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Towards a More 'Ethically Correct' Governance for Economic Sustainability

Pitelis, Christos N.

Journal of business ethics, 2013-12, Vol.118 (3), p.655-665 [Periódico revisado por pares]

Dordrecht: Springer

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Título:
Towards a More 'Ethically Correct' Governance for Economic Sustainability
Autor: Pitelis, Christos N.
Assuntos: Agency ; Appropriations and expenditures ; Business and Management ; Business Ethics ; Business structures ; Corporate governance ; Corporate strategies ; Corporations ; Economic management ; Economic value ; Education ; Ethics ; Governance ; Government and politics ; Management ; Philosophy ; Pluralism ; Quality of Life Research ; Renewable energy ; Self interest ; Shareholders ; Stakeholders ; Stockholders ; Studies ; Supranational organizations ; Sustainability ; Sustainable economies ; Sustainable global economy ; Value creation
É parte de: Journal of business ethics, 2013-12, Vol.118 (3), p.655-665
Notas: ObjectType-Article-2
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Descrição: In this paper, we propose that economic sustainability is seen in terms of (inter-temporal and international) value creation. We claim that value appropriation (or capture), can become a constraint to economic sustainability. We propose that for sustainable value creation to be fostered, corporate governance needs to be aligned to public and supra-national governance. In order to achieve this, a hierarchically layered set of 'agencies', needs to be diagnosed and the issue of incentive alignment addressed. Enlightened self-interest, pluralism and diversity, as well as a representative supra-national organisation for worldwide economic sustainability can serve as a new, more 'ethically correct' governance for economic sustainability, but not a panacea.
Editor: Dordrecht: Springer
Idioma: Inglês

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Towards a More 'Ethically Correct' Governance for Economic Sustainability

Pitelis, Christos N.

Dordrecht: Springer

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