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Journal of Business Ethics

Erschienen in:

01.02.2011

Sustainable Stakeholder Capitalism: A Moral Vision of Responsible Global Financial Risk Management

verfasst von: Joseph A. Petrick

Erschienen in: Journal of Business Ethics | Sonderheft 1/2011

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Abstract

The author identifies the major micro-, meso-, and macro-level financial risk shifting factors that contributed to the Great Global Recession and how the absence of a compelling moral vision of responsible financial risk management perpetuated the economic crisis and undermined the recovery by blind reliance upon insufficiently accountable bailouts. The author offers a new theoretical model of Sustainable Stakeholder Capitalism by exercising moral imagination which inclusively and moderately balances four multi-level factors: types of capitalism, moral theories, human nature drives, and credit risk profiles. Finally, the author recommends micro-, meso-, and macro-level practical reforms to prevent a recurrence of the current economic freefall, to re-create systemic global financial institution integrity, and to promote responsible risk management for sustainable global prosperity for current and future generations.

Vorheriger Artikel The Role of ‘High Potentials’ in Integrating and Implementing Corporate Social Responsibility

Nächster Artikel The Impact of Emotional Intelligence on the Ethical Judgment of Managers

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Titel: Sustainable Stakeholder Capitalism: A Moral Vision of Responsible Global Financial Risk Management
verfasst von: Joseph A. Petrick
Publikationsdatum: 01.02.2011
Verlag: Springer Netherlands
Erschienen in: Journal of Business Ethics / Ausgabe Sonderheft 1/2011
Print ISSN: 0167-4544
Elektronische ISSN: 1573-0697
DOI: https://doi.org/10.1007/s10551-011-1157-6

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