Kantian ethics overview introduction to philosophy. When referred to kants moral as a moral of maxims, it is proposed a specific model of the rational action, which enables the application of moral law. You know, i am pretty sure the admiral went to a game with the ceo of acme last year. Mergers and acquisitions with a reference to ethical, social and human resource. One of the most practical applications for the study of philosophy is in the field of ethics. What you should know about kants ethics in a nutshell. Such theories arise in religion, spiritual traditions, philosophy, socialpoliticalhistorical systems, literature and the humanities, social and cultural movements, and pop psychologies. Hence, it seems to me that absolutist theories of ethics are all inherently. Ethical dilemmas during mergers, acquisitions and takeovers. According to deontology, there are certain absolute or nearly absolute ethical rules that must be followed for example, the rule that we must respect peoples privacy, and the rule that says we must respect other peoples right to make decisions about their own lives.
But whats the difference between ethics and morality. Theories of ethics center for future consciousness. Kant s most distinctive contribution to ethics was his insistence that ones actions possess moral worth only when one does his duty for its own sake. Thus, this study attempts to propose an integration theory including these three hypotheses to interpret. Mar 31, 2016 in our recently released textbook mergers and acquisitions. People use moral reasoning to make moral judgments or to discover right actions. Business ethics, corporate social responsibility and corporate governance. Any ethic that provides a universal normative statement that the listener is obliged to uphold should fall under the dutybased heading. Kant first introduced this idea as something accepted by the common moral consciousness of human beings and only later tried to show that it is an essential element of any rational morality. A reference point theory of mergers and acquisitions malcolm baker, xin pan, jeffrey wurgler. With the recent rash of mergers and friendly and unfriendly takeovers, two important issues have not received sufficient attention as questionable ethical practices. This booklet is based on the report technology, policy, law, and ethics regarding u.
I ethics fundamentals and approaches to ethics chen te encyclopedia of life support systems eolss would not be a good pianist if she did not pr actice regularly even though she knows in her mind how to play the piano. All are based on ideas at least 150 y ears old, and one is 2300 old. Mergers and acquisitions with a reference to ethical, social. Ethics of mergers and acquisitions bibliography philpapers. One has to do with the rights of employees affected in mergers and acquisitions and the second concerns the responsibilities of shareholders during these activities. According to this theory if the management of firm a is more efficient than the management of firm b and after firm a acquires firm b the efficiency of firm b is brought upto the level of efficiency of firm a. Although cyberattack and cyberexploitation share some similarities, they differ in their objectives and in the policy and legal constructs surrounding them box 1.
My theory postulates that we each have a selfconcept. Others argue that as an autonomous being it is important for the human being to act well. Corporate finance the use of judgmental anchors or reference points in valuing corporations affects several basic aspects of merger and acquisition activity including offer prices, deal success, market reaction, and merger waves. Some theoretical issues valon lluka, mba banka ekonomike, prishtina abstract ethics can be defined as a process of evaluating actions according to moral principal of values. Kantian ethics overview kantian ethics refers to a deontological ethical theory ascribed to the german philosopher immanuel kant. Ethics theories originate from the writings of great philosophers like socrates, aristotle, and confucius, to name but a few. Theories of ethics thomas lombardo within human history and continuing into present times, we. Ethics, values and morality in contemporary library classifications. Law, theory, and practice we aim to change the way that transactional law is taught in u.
Business ethics, corporate social responsibility and. Kant s central claim was that the question which his ethics tries to answer is. Consequently, we can judge an absolutist theory of ethics as. Corporate governance and business ethics the national codes all emphasize the ethical nature of good corporate governance. Fundamental and ethics theories of corporate governance.
Two ethical issues in mergers and acquisitions patricia h. The theory of egoism originates from freud 18561939. Different companies, different approaches, one cohesive corporate culture. Thus, this study attempts to propose an integration theory. Several theories have been developed to cover issues related to business ethics. But at the end of the day, you are likely to be overlooked in favour of someone whose interests fall squarely within the traditional fields. An assessment of the ethical dimensions of corruption. Ethics is the systematic philosophical study of morality. An important example of such analysis would be the application of utilitarianism, a consequentialist theory, which holds that ethical behavior produces the greatest balance of good over evil i. Ethics education at this stage focuses on the intellectual background which is necessary to ensure an accountant or accounting learner understand the basic environment which influences decisions, and the fundamental theories and principles of ethics, virtues, and individual moral development which govern ones actions. The maxim, within this action model, works as subjective practical principle of action from which it is. Pdf theory and practice of mergers and acquisitions. The organisational world is still shaking from the impact of individual and organisational actions that are contrary to the openended community standards of ethics. Basis for horizontal merger it may be social gain as well as private gain.
He published science papers, including general natural history and theory of the heavens in 1755. Ethics, values and morality in contemporary library. The role of business ethics in merger and acquisition success. Kants ethics so far in our discussion of ethics we have been focusing on different versions of consequentialism the view that one is morally obliged to pursue the course of action which, of the available alternatives, will produce the best outcome. Mergers and acquisitions with a reference to ethical.
As well as introducing the central ideas that relate to environmental and development ethics and how these two areas of ethical study interare related, this unit shows why ethics as a discipline can. The findings provide a real, useful understanding and meaning of the role of ethics in corporate governance. Special emphasis is placed on the fact that good governance is based on a number of cardinal ethical values. Two ethical issues in mergers and acquisitions springerlink. In our recently released textbook mergers and acquisitions. Utilitarianism takes no account of integrity the accidental act or one done with evil intent if promoting good ends is the good act. Mu abstract this paper addresses the ethical dimensions of corruption. Jul 08, 2016 according to this theory if the management of firm a is more efficient than the management of firm b and after firm a acquires firm b the efficiency of firm b is brought upto the level of efficiency of firm a. A reference point theory of mergers and acquisitions. Although employees are drastically affected by a merger or an. Since, according to the utilitarians, the business of morality is the maximi. While it is clear that no single theory will never be able to address the full range of merger phenomena, reference points fill in. Biography immanuel kant was born on april 22, 1724, in kaliningrad, russia. Corporate governance and business ethics renu nainawat1 and ravi meena2 1j.
Making sense of the association between ethics and corporate governance is a major validation of the rigour in itself, where the role of ethics in relation to corporate governance was deliberated in three perspectives. The roles and responsibilities that need to be in place to manage the ethics and compliance framework are defined in section 3 of this chapter. Ethical dilemmas during mergers, acquisitions, and takeovers. I ethics fundamentals and approaches to ethics chen te encyclopedia of life support systems eolss would not be a good pianist if she did not pr actice regularly even though she knows in her. The management teams of both companies face ethical dilemmas prior to beginning the merger, as negotiations proceed and. Generally, three main philosophies of ethics have dominated discussions on ethics rossouw, 2010d. While it is clear that no single theory will never be able to address the full range of merger phenomena, reference points fill in some of the blanks. An empirical study article pdf available in journal of business ethics 691 january 1992 with 1,788 reads how we measure reads. Specifically, he develops a single, integrated approach to ethics that encompasses the realms of interhuman ethics, the ethics of the natural environment, and the ethics of the built environment. Kantian ethics kant had no time for utilitarianism. Deontological ethics, nonconsequentialist ethics, kantian ethics, divine command ethics. An assessment of the ethical dimensions of corruption by. The theory, developed as a result of enlightenment rationalism, is based on the view that the only intrinsically good thing is a good will. To date, academic researchers have not yet proposed a complete theory that completely and perfectly integrates the synergy, private benefits and hubris hypotheses to explain why the three hypotheses can all be supported.
Come browse our large digital warehouse of free sample essays. Fundamental and ethics theories of corporate governance pages. Kant, unlike mill, believed that certain types of actions including murder, theft, and lying were absolutely prohibited, even in cases where the action would bring about more happiness than the. The economics of ethics and the ethics of economics. In his view, the basis for our sense of what is good or bad, right or wrong, is our awareness that human beings are free. The cost and benefit analysis of the mergers and acquisitions affect the decision by the managers and the shareholders of whether to take up a specific merger and acquisition. As an academic topic, however, business ethics originates from the wall street scandals of the 1980s. Because they are often presen ted as comp eting theories of ethical obligation, one ma y get the discouraging impression that there is a p ermanen t lac k of consensus among p eople who think ab out ethics.
Law, theory, and practice american casebook series. Institutional issues involving ethics and justice vol. Views through a new lens preface the system of ethics guiding the discussion, the dialogue, in these pages, is based upon the analysis and clarification of concepts which i believe is a central concern of philosophy. Read this essay on ethics and legal issues in mergers. Abstract questions of ethics,or the right way to run a business,are inherent in all aspects of corporate governance and in every board decision and action. Pdf three general theories of ethics and the integrative. Three general theories of ethics and the integrative role of integrity theory article pdf available in ssrn electronic journal july 2002 with 47,531 reads how we measure reads. This unit provides an introduction to the study of ethics and a brief overview of some of the main branches of philosophical thought about ethics. Natural law ethics is built upon the ontological argument that there is an objective moral order in the universe and that all humans can come to know that order and use it for human relations. Perhaps, some of them obtain both, but every time it could have roused ethical. Topping the list of the values that should be adhered to in good. Throughout the centuries people were trying to choose between profit and moral.
Ethics education at this stage focuses on the intellectual background which is necessary to ensure an accountant or accounting learner understand the basic environment which influences decisions, and the fundamental theories and principles of ethics, virtues, and. Thus fox offers what is in effect the first example of an. The project that resulted in the report was supported by the macarthur foundation, microsoft corporation, and the national research council. Corruption in the form of bribery is widespread in the developing world and this includes mauritius. So i think you are okay as long as you do not take anything else from acme this year. Law, theory, and practice american casebook series hill, claire a. German philosopher immanuel kant 17241804 was an opponent of utilitarianism. One has to do with the rights of employees affected in mergers and acquisitions and the second concerns the. What then is there to lay down what is right or good for human beings to do, in the exercise of their freedom. Corporate mergers and acquisitions are undertaken with the belief that the combined companies will be able to grow more rapidly and be competitively stronger than they were as independent companies. Cyberattack is not the same as cyberexploitation, which is an intelligencegathering activity rather than a destructive activity. These three theories are aristotles virtue theory, kants deontological theory, and john stuart mills utilitarian theory.
Pdf the role of business ethics in merger and acquisition. In the area of morals and ethics, people cannot exercise moral judgment without being given a choice. Although employees are drastically affected by a merger or an acquisition because in almost every case a number of jobs are shifted or even eliminated, employees at all levels are usually the last to find out about a merger transaction and have no part in the takeover decision. Get the knowledge you need in order to pass your classes and more. Unesco eolss sample chapters institutional issues involving ethics and justice vol. One of the most important nonconsequentialist ethical systems is due to immanuel kant, an 18th century german philosopher who is widely regarded as one of the most important, as well as one of the most dif. The ethics and compliance framework is designed to demonstrate that an ethical culture is an integral part of the way that barloworld conducts its business and that there is a continuity of. Kantianism kantianism is a key version of the broader ethical perspective known as deontology. He believed in placing the emphasis on happiness the theory completely misunderstood the true nature of morality.