Gm Bailout Essay

3630 Words15 Pages
Journal of Business Ethics (2011) 99:519–525 DOI 10.1007/s10551-010-0664-1 Ó Springer 2010 The Business Ethics Index as a Leading Economic Indicator John Tsalikis ABSTRACT. Theoretical justification for the Business Ethics Index (BEI) from the emerging economics of trust literature is discussed. The BEI results for 2007, 2008, and 2009 are presented. While the Personal/Past BEI component shows no significant difference from the previous years, the Vicarious/Past component shows a dramatic drop to levels previously never recorded. However, when it came to the perception of the future business ethical behavior, respondents were significantly more optimistic than in previous measurements. This finding was more than a little surprising given the depth of the economic crisis. A possible explanation is that consumers hopefully perceived the economic crisis as already abating and/or that at least the worst was over. KEY WORDS: Business Ethics Index (BEI), economic indicators, business ethics, consumer perceptions The economics of trust and the Business Ethics Index Scholars in the field of business ethics have long had to contend with the ancient, trite joke about business ethics as the perfect oxymoron. Nevertheless, examples of firms with ‘‘profitable ethical programs’’ fill business ethics textbooks (Hartman, 1998, pp. 303–305). Levi Strauss, Proctor & Gamble, Southwest Airlines, Hewlett-Packard, and Johnson & Johnson are just a few of the companies who have demonstrated that practice of business ethics is entirely consistent with the pursuit of profit. These firms, and many others, have consistently exhibited a long history of ‘‘exemplary ethical climates’’ and ‘‘profitable operations’’ (Velasquez, 2006, pp. 38–39). Indeed, it has become commonplace to note that ethical, socially responsible corporations do well economically, perhaps better than the average firm

More about Gm Bailout Essay

Open Document