Corporate Virtue and the Joint-Stock Company (Essay)
Journal of Markets & Morality 2009, Spring, 12, 1
Journal of Markets & Morality
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Introduction In the eyes of scholars and the community at large, the corporate sector should be intentional and collegial about virtue, for "great moral responsibility is inherent in the existence of corporations." (1) For more than a century, this has been a recurring theme of business legislation and analysis: for instance, in 1928, an early corporate finance text described the enterprise as an arm of society, a form of representative government, and, in the 1960s, good corporate character was still seen to reflect the healthy functioning of the corporate polity. (2) The ideal that firms should self-consciously pursue a vision of the good is still very much alive today, with issues pertaining to corporate virtue--and vice--featured regularly in the media.
- Category: Business & Personal Finance
- Published: 22 March 2009
- Publisher: Acton Institute
- Seller: The Gale Group, Inc.
- Print Length: 22 Pages
- Language: English