For organisations and management the role of business ethics is of key importance, but to what extent business ethics are actually new or fashionable or universally applicable are interesting questions. Asia has been the site of contests between competing economic and ethical views of how economic norms and institutions are organized. This book examines the evolutionary similarities and differences of institutionalizing business ethics in Asia in a historical context and in comparison to better-explored business ethics literature, both empirically and theoretically.
This collection uses both historical and contemporary cases in Japan, Korea and China to show that these countries have tried to balance their traditional business ethics norms and values with those that have been introduced from the West. Underpinning the case studies is the fact that these countries have historically pursued ethical mandates in running private corporations, although corruptive practices were also rampant during different historical periods. The contributions to the book analyse how the theories and models of New Institutionalism and Modes of Exchange fare in their attempts to explain Asian business ethics. As the results indicate, historical methods must accompany any analysis of business ethics. This book was originally published as a special issue of the Asia Pacific Business Review.
1. Business ethics and the role of context: institutionalism, history and comparisons in the Asia Pacific region Chris Rowley and Ingyu Oh
2. Political economy and business ethics John Lie
3. Work ethic formed by pedagogical approach: evolution of institutional approach to education and competitiveness Chris Baumann, Hamin Hamin and Seung Jung (SJ) Yang
4. The state as a regulator of business ethics in Edo Japan: the Tokugawa authority structure and private interests Ingyu Oh and Youngran Koh
5. A sociocognitive approach to business ethics: lessons from early industrializing Japan Peter von Staden
6. Confucian business ethics in Korea: pre-modern welfare state Sangsoon Kang and Joohee Choi
7. Overcoming ethical issues through symbolic management, cultivating proponents and storytelling: the institutionalization of Korea’s horseracing industry Sou Hwan Kang and Gil-Sung Park
8. The institutionalization of Korean traditional music: problematic business ethics in the construction of genre and place Keith Howard
9. Understanding the rise and decline of shareholder activism in South Korea: the explanatory advantages of the theory of Modes of Exchange Bronwen Dalton and Marie dela Rama
10. Corporate governance and the institutionalization of socially responsible investing (SRI) in Korea Hannah Jun
11. Educational inequality among Chinese urban schools: the business ethics of private schools Jin Wang and Wonho Jang
12. Relinquishing business ethics from a theoretical deadlock: the requirement for local grounding and historical comparisons in the Asia Pacific region Chris Rowley and Ingyu Oh