Asian Journal of Business Ethics最新文献

Personal values act as guiding principles that motivate individuals and influence their lifestyle decisions, especially altruistic and egoistic values in green consumption decisions. Sustainable consumption is always portrayed as pro-social behavior showcasing the volunteering activity (altruism) of green consumers; however, consumers buy green products beyond altruistic reasons. Building on these lines, this study aims to examine green consumers and their motivation to pay a premium price for green packaging. This descriptive study has collected opinions related to the constructs from 264 millennials across India to test the hypotheses. The results show that both altruistic and egoistic values explain consumers’ intentions to consume green packaging. In addition, bearing a green identity promotes green packaging preferences for all individuals with altruistic or egoistic values. The moderating role of willingness to pay a premium had a negative effect on the egoistic value and green packaging preference relationship, indicating that green values do not persuade egoistic value consumers to adopt green packaging. This study is one of the very few to examine preferences for green packaging for reasons other than safeguarding the environment. This study contributes to the literature by developing and testing theoretical links to various cognitive variables (altruistic and egoistic values) of green packaging preferences empirically.

Since the 1980s, Western and European multinational corporations, notably clothing and fashion brands, have shifted their production to developing nations, particularly in the ready-made garments (RMG)-producing countries like Bangladesh. This shift, driven by the dominant economic and political doctrines of globalisation and neoliberalism, has led to the deliberate targeting of developing nations to exploit their abundant labour forces and strengthen global capitalism. The RMG industry in Bangladesh, a prime example, pays its workers meagre wages. However, it is the global brands, through their outsourcing practices, that hold significant power and contribute to the exploitation of RMG workers in Bangladesh while reaping substantial profits. This article highlights these issues and urgently calls for essential policy recommendations to reform the minimum wage structure for RMG workers in Bangladesh.

This study examined how protection motivation intention and other cognitive appraisal processes influence the relationship between compliance and value-oriented ethics programs and employees’ unethical behavior. A total of 342 employees from various government and private organizations in Bangladesh participated in the study. The PLS-SEM results revealed that perceived vulnerability, perceived cost, and protection motivation intention have significant relationships with employees’ unethical behavior. However, perceived self-efficacy did not show a significant relationship with unethical behavior. The study also identified that cognitive appraisal processes (perceived vulnerability, self-efficacy, and response cost) mediate the relationship between compliance and value-oriented ethics programs and protection motivation intention. Additionally, protection motivation intention was found to mediate the relationship between cognitive appraisal processes and employees’ unethical behavior. Furthermore, the study revealed that accountants and auditors exhibit stronger protection motivation intention to comply with ethics programs compared to other employees. Based on these findings, the study suggests that both academics and practitioners should emphasize the importance of protection motivation intention as a cognitive process when designing ethics programs aimed at preventing unethical behavior in the workplace.

‘Corporate Social Responsibility’ (‘CSR’) has gained popularity in corporate as well as academic debates, especially since the 2008 financial crisis (Okpara & Idowu, 2013). Although CSR as an idea has not failed, concerning gaps remain in the theory and practice of CSR. More particularly, in India, the legislature has adopted a ‘one size fits all’ approach which permits businesses to interpret and implement CSR based on their unique circumstances. This leads to persistent and escalating concerns regarding its implementation and limits. The most basic of such concerns is the fact that CSR conceptually lacks a consistent understanding as scholars all around the world have defined it differently (Votaw & Sethi, 1973), which has an effect of conflating CSR with legal obligations or pre-existing moral obligations of the company. This work, limiting the study to Indian context, argues that the effectiveness of any policy or regulation is a direct result of express intention behind it and Indian law lacks such expression. It specifically argues that the framework in India is based on the misconceived idea of CSR resting on ‘neo-liberal’ principles meaning that a corporation’s primary responsibility is maximization of the profits of the shareholders and hence CSR is perceived merely as an add-on. There needs to be a change in this narrative to a ‘socio-economic’ one which could bring CSR within the core functions of corporations and which largely depends on the Corporate Governance ecosystem so in place. India although claims to have adopted the Stakeholder Model of Corporate Governance, in practice it still aligns with the Shareholder Model. It is only when the former is adopted in practice, can CSR be effectively implemented which can be further facilitated through a clear expression of legislative intent behind the provisions and regulations concerning CSR. In order to substantiate these arguments, this work adopts a doctrinal method of research which undergoes a thematic discourse analysis of the issue and its theoretical underpinnings, and also provides certain recommendations in this respect.

Digital sweatshops represent exploitative digital workplaces where individuals are compelled to work long hours under high demands for minimal compensation. This study employs in-depth, semi-structured interviews with digital workers to explore digital sweatshop operations’ challenges and adverse aspects, mainly focusing on ethical considerations. The collected data were transcribed and analyzed using grounded theory methodology. The findings highlight three key themes: conditions mitigating factors, organisational factors, and work environment factors, all of which contribute to the persistence of digital sweatshops. The study advocates for comprehensive labour laws, education and advocacy for digital employees, mental health support, transparency and accountability, skill development, career advancement, and ethical business practices. These recommendations are intended to help governments and organizations create a fair and ethical digital workplace, prioritizing workers’ rights and well-being.

This study examines the impact of regulatory changes on seven distinct corporate governance determinants of asset quality in Indian banks. We focus on the Companies Act of 2013 and the Insolvency and Bankruptcy Code of 2016, two key pieces of legislation that have significantly impacted the Indian banking industry. Using the General Method of Moments, a dynamic panel data method, we analyze data from 45 Indian public and private sector banks from 2010 to 2019. Our results suggest that board functioning contributes more to the reduction of non-performing assets after the passage of the Companies Act. However, the impact of special committee activity, ownership concentration, and intensity of board activities has worsened. As far as the Insolvency and Bankruptcy Code of 2016 is considered, it has reduced the negative impact of special committee activity and board functioning on asset quality. Our study addresses the endogeneity issue, frequently encountered in previous research on corporate governance determinants of asset quality. This study makes a valuable contribution to the literature by providing insights into the impact of regulatory changes on corporate governance determinants of asset quality in Indian banks. Our research also provides a benchmark for other emerging economies to define their legal frameworks. We suggest further study of the factors, particularly board independence and gender diversity in light of the Acts.

Corporate social responsibility (CSR) is widely employed in many sectors, but research on its implementation in the jewelry sector is lacking. To support the industry’s long-term growth, the influence of jewelry companies’ CSR statements must be further explored and the factors contributing to consumers’ intention to purchase jewelry ethically identified. This study empirically tested data from a valid sample of 223 individuals. The results indicate that perceptions of jewelry-related CSR among Chinese consumers positively influenced their environmental protection consumption psychology (EPCP), their views on green pricing, and their intention to purchase jewelry ethically. The latter was positively influenced by EPCP. The positive influence of purchase intention and EPCP played a partially mediating role between the perception of jewelry-related CSR and that of green pricing and purchase intention. Electronic word-of-mouth positively moderated the perception of CSR and the relationship between this perception and EPCP, while EPCP played a partially mediating role between the perception of CSR and green pricing and purchase intention. This study offers theoretical and managerial implications for developing ethical jewelry in China to benefit customers, businesses, and the industry as a whole.

Squandering lottery winners spend their money, leading to bankruptcy, murder, and suicide—a lottery curse. With a fixed amount of money, saving and spending are mutually exclusive. To study ordinary citizens’ behavioral decision-making, we follow Nobel Laureate Daniel Kahneman’s advice, incorporate ardent monetary aspirations—Rich, Motivator, Budget, Make, and Success as yoked antecedents of the latent construct—Monetary Wisdom (MW), frame MW in the context of income (Time 1), and explore individuals’ $1 million resource allocation (Time 2). Among full-time managers, thinking about Making money helps them Spend more and Save less. However, university students have lower incomes and more difficulty making money than managers. This study challenges the existing findings of full-time managers. We theorize that thinking about Making money helps students Save more and Spend less. We ask 443 students to imagine that after fulfilling tax obligations, they could freely allocate $1 million lottery money to 20 options (sum = 100%). Our results support our theory. Men have significantly higher incomes than women. The Paths from Factors Rich and Budget to MW are significantly stronger for men than women. With higher income, thoughts on becoming Rich and Budgeting money cause men to Spend more and Save less. Vigorous Budgeting thoughts may cause the depletion of self-control power, leading to self-control failure and Spending. Wanting to become Rich incites Spending. With lower income, thinking about Making money causes women to Save more and Spend less. Interestingly, women spend significantly more money on experiential and material consumptions and family, and less on investments (business and education) than men. The differences in Saving and Donating money to charity are non-significant across genders. Monetary Wisdom is not significantly related to income. We help people make happy, healthy, wealthy, ethical decisions, and mental accounting and avoid the lottery curse. The life you save may be your own.