Peace, justice and strong institutions
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Ein Gewinn für alle
(2024)
The concept of bounded ethicality, introduced by Chugh et al. (2005) , complements that of bounded rationality by examining how individuals’ capacity to make ethical decisions is inherently constrained, leading to results systematically contradicting their own ethical standards. A key phenomenon that remains underexplored in this research is the tendency of individuals to underestimate the extent to which their own unethical behavior not only harms others but—more significantly—harms them. This blind spot reflects a form of myopia, as it pertains to the complex and far-reaching consequences of one’s actions. This article aims to specify the nature of this phenomenon, offer preliminary explanations, and discuss its broader implications for ethical decision-making in negotiations. Our argument is grounded in a qualitative, theory-building historical case study: the conflict surrounding the Lex Agraria in the late Roman Republic. We argue that unethical myopia is highly relevant for understanding how short-term gains from unethical actions obscure their long-term detrimental effects, and ultimately, it explains why such behavior is irrational. This insight holds not only for high-stakes negotiations but also for everyday situations in which individuals attempt to outsmart others. We also look at how the discussion on unethicality contributes to the discourse on the neglect of stakeholder interests in negotiations.
Purpose
This study aims to examine ethical behavior in negotiations, specifically focusing on the dynamics between cognitive processes and ethical conduct within negotiation contexts. While prior research has predominantly used rational frameworks to explain unethical behavior, emphasizing profit and self-interest, this work also considers nonrational influences, including intuitive and emotional factors.
Design/methodology/approach
This conceptual study uses dual process theory to explore the interaction between rational (System 2) and intuitive (System 1) thinking in relation to ethical conduct in negotiations. It introduces the cognition-conduct continuum and conceptualizes negotiation trajectories to describe and understand shifts in a negotiator’s ethical behavior.
Findings
Ethical negotiation conduct is influenced by both rational and non-rational factors that change over negotiation stages. The cognition-conduct continuum provides insight into how negotiators transition between ethical and unethical behaviors by following negotiation trajectories such as ethical fading or ethical resurgence.
Research limitations/implications
This study is purely conceptual; while the authors introduce negotiation trajectories as a tool, they do not establish a taxonomy or undertake an empirical analysis of individual trajectories.
Practical implications
The cognition-conduct continuum and the negotiation trajectory concept offer practical insights for negotiation training. By recognizing potential ethical shifts, negotiators can better manage the ethical complexities that arise during negotiations through targeted interventions, potentially enhancing long-term relational and economic outcomes.
Originality/value
This study systematically integrates nonrational factors into negotiation research and introduces the cognition-conduct continuum to capture negotiation dynamics. By conceptualizing trajectories, this study provides a focused framework for analyzing ethical shifts. In addition, this study introduces ethical resurgence as a counterpart to ethical fading, offering insights into what motivates individuals to return to ethical behavior.
In November 2015 German parliament passed a law regulating delisting offers requiring companies to offer shareholders a compensation at least equal to the six-month volume-weighted average price (VWAP) of the stock. This paper analyzes a sample of delisting offers made under the new regulations. We identify two primary motives for delisting. First, delistings linked to preceding takeover offers aim to pressure remaining shareholders into tendering their shares. Second, majority shareholders, leveraging private information, opt to delist and present an offer to minority shareholders when the stock is undervalued. Since institutional investors are often restricted to holding shares listed on regulated markets, they are effectively forced to accept such offers. Our findings suggest that majority shareholders may use delisting offers to take advantage of significant undervaluation caused by external shocks.
The Ukraine war, the aftermath of COVID-19, Brexit and shifting US geostrategic interests are putting pressure on the European defence situation, strategy and budgets. The current crises expose warfare capability gaps in the European armed forces and capacity constraints of the European defence industry after decades of the peace dividend. More nations are calling for stronger engagement of the EU in the defence sector to overcome these challenges and complete the European defence sector integration that started in the late 1990s. It is estimated that more cooperation in defence procurement and research could save up to 30% of the current 290 bn total EU27 defence budgets. Can this combination of recent factors provide new impulses towards a unified European defence market, more cooperation on defence procurement and industry consolidation? We conducted a literature review ('meta-synthesis') of 172 journal articles, studies and think-tank papers since 1995 to build a holistic picture. The analysis aims to describe the progress and challenges of European defence market integration from an economic viewpoint. It provides future researchers with a basic understanding of defence industrial challenges, motivations and economic drivers of European defence integration as well as of reasons for resistance and potential scenarios.
Purpose
In public management research, the focus in the public value debate has been on public administration organizations’ broader societal outcomes. Public value describes how public administrations form a vital part of the social context in which people develop and grow. However, there has not yet been an analysis of how public administration contributes to happiness in society.
Design/methodology/approach
In this study, we empirically analyze the relationship between people’s happiness and the public value of public administration. Our approach is based on a unique Swiss survey dataset comprising 870 individuals.
Findings
We find a positive relationship between public administration’s public value and happiness. We also find preliminary evidence with a moderation analysis that the relationship between a value-creating public administration sector and self-reported happiness is stronger for public administration employees.
Research limitations/implications
While correlation studies cannot claim causal explanations and common method bias may additionally limit any research in social science, we took a number of measures to mitigate related problem. We tested our model in two samples and took both several procedural techniques and a survey design minimizing common method bias.
Practical implications
The paper discusses implications for public sector performance measurement for public management and practitioners.
Social implications
This study calls for a more positive view on the multiple functions public administration performs for society. After an era of critical voices, our study helps reclaim public administration as a positive force for society at large in times of grand challenges, such as climate crisis, demographics and digitization.
Originality/value
This study has highlighted the importance between public administration’s public value and happiness in Swiss public service organizations. The study also showed that an employment in the public administration contributes to the happiness of individuals and beyond to society.
Grenzenlose Steuerberatung?
(2024)
Welcher vernünftige Berufstätige würde sich selbst als nicht integer beschreiben? Integrität hat in der aktuellen Managementliteratur Konjunktur. Dabei ist das Konzept der Integrität nicht neu. Schon Sokrates lehrte, dass das gute Leben eines ist, das „richtig“, sprich: integer, gelebt wird; und das hieß für ihn nicht zuletzt: im Einklang mit den Gesetzen. Er ging dafür sogar in den Tod.
Evaluating investments in international (and particularly in emerging) markets often leads to confusion and controversy among academics and practitioners. Various theories propose competing models, whereas practitioners build their own alternatives. Our study provides an assessment of the most widely used methods of assessing country risk and shows that practitioners should carefully choose their country risk model. Current models produce a wide range of cost of equity estimates that can considerably affect management decisions.
Die Annahme eines Zielkonflikts zwischen unternehmerischer Gewinnmaximierung und gesellschaftlichem Engagement war eine wesentliche Grundvoraussetzung für frühe wissenschaftliche Diskurse über die gesellschaftliche Verantwortung von Unternehmen. Ausgehend von dieser Prämisse zeigt der Beitrag, dass Spenden und Sponsoring weiterhin eine bedeutende Rolle im CSR-Management deutscher Unternehmen zukommt und dass seit den 1970er Jahren eine Reihe neuerer Konzepte von CSR etabliert wurden, welche Ansätze für eine bessere Vereinbarkeit von finanziellen und gesellschaftlichen Unternehmenszielen erlauben.
Auf der Basis des Gesetzes zur Umsetzung der Transparenzrichtlinie-Änderungsrichtlinie sind die Offenlegungspflichten kapitalmarktorientierter Unternehmen erstmals seit langer Zeit wieder merklich reduziert worden. So ist auch die gesetzliche Pflicht zur quartalsweisen Veröffentlichung von Zwischenmitteilungen der Geschäftsführung seit dem 26.11.2015 entfallen. Eine Anpassung der Börsenordnung war hier nur folgerichtig. Diese Erleichterung in der Quartalsberichterstattung ist Gegenstand des Beitrags. Es wird konkret die Qualität der Quartalsmitteilungen am deutschen Kapitalmarkt seit Einführung der Gesetzesänderung untersucht.