Agency Theory, Reasoning and Culture at Enron: In Search of a Solution
Applying evidence from recently available public information on Enron, I defined Enron’s culture as one rooted in agency theory by asserting that Enron’s members were predominantly agency-reasoning individuals. I then identified conditions present at Enron’s collapse: a strong agency culture with co...
Main Author: | |
---|---|
Format: | Electronic Article |
Language: | English |
Check availability: | HBZ Gateway |
Journals Online & Print: | |
Fernleihe: | Fernleihe für die Fachinformationsdienste |
Published: |
Springer Science + Business Media B. V
2005
|
In: |
Journal of business ethics
Year: 2005, Volume: 59, Issue: 4, Pages: 347-360 |
Further subjects: | B
Agency Theory
B integrity capacity B Unethical Behavior B Enron B Stewardship theory B Organizational Culture B Integrity |
Online Access: |
Volltext (JSTOR) Volltext (lizenzpflichtig) |
MARC
LEADER | 00000naa a22000002 4500 | ||
---|---|---|---|
001 | 1785623974 | ||
003 | DE-627 | ||
005 | 20220112043617.0 | ||
007 | cr uuu---uuuuu | ||
008 | 220112s2005 xx |||||o 00| ||eng c | ||
024 | 7 | |a 10.1007/s10551-004-7308-2 |2 doi | |
035 | |a (DE-627)1785623974 | ||
035 | |a (DE-599)KXP1785623974 | ||
040 | |a DE-627 |b ger |c DE-627 |e rda | ||
041 | |a eng | ||
084 | |a 1 |2 ssgn | ||
100 | 1 | |a Kulik, Brian W. |e VerfasserIn |4 aut | |
245 | 1 | 0 | |a Agency Theory, Reasoning and Culture at Enron: In Search of a Solution |
264 | 1 | |c 2005 | |
336 | |a Text |b txt |2 rdacontent | ||
337 | |a Computermedien |b c |2 rdamedia | ||
338 | |a Online-Ressource |b cr |2 rdacarrier | ||
520 | |a Applying evidence from recently available public information on Enron, I defined Enron’s culture as one rooted in agency theory by asserting that Enron’s members were predominantly agency-reasoning individuals. I then identified conditions present at Enron’s collapse: a strong agency culture with collectively non-compliant norms, a munificent rare-failure environment, and new hires with little business ethics training. Turning to four possible antidotes (selection, objectivist integrity, integrity capacity, and stewardship reasoning) to an agency culture under these conditions, I argued that the currently available ethics literature would have made little difference toward averting Enron’s collapse if any of the recommendations from the relevant ethics literature had been implemented. I conclude by identifying new directions for business ethics literature in order to make it more implementable under the conditions identified at Enron. Essentially, we need a way to clearly determine (1) the difference between connivance and commitment, (2) what is meant by balance with regard to the multiple dimensions of ethics and legal theories, and (3) the proper balance between agency and stewardship reasoning. | ||
650 | 4 | |a Unethical Behavior | |
650 | 4 | |a Stewardship theory | |
650 | 4 | |a Organizational Culture | |
650 | 4 | |a integrity capacity | |
650 | 4 | |a Integrity | |
650 | 4 | |a Enron | |
650 | 4 | |a Agency Theory | |
773 | 0 | 8 | |i Enthalten in |t Journal of business ethics |d Dordrecht [u.a.] : Springer Science + Business Media B.V, 1982 |g 59(2005), 4, Seite 347-360 |h Online-Ressource |w (DE-627)270937129 |w (DE-600)1478688-6 |w (DE-576)121465284 |x 1573-0697 |7 nnns |
773 | 1 | 8 | |g volume:59 |g year:2005 |g number:4 |g pages:347-360 |
856 | |3 Volltext |u http://www.jstor.org/stable/25123568 |x JSTOR | ||
856 | 4 | 0 | |u https://doi.org/10.1007/s10551-004-7308-2 |x Resolving-System |z lizenzpflichtig |3 Volltext |
935 | |a mteo | ||
936 | u | w | |d 59 |j 2005 |e 4 |h 347-360 |
951 | |a AR | ||
ELC | |a 1 | ||
ITA | |a 1 |t 1 | ||
LOK | |0 000 xxxxxcx a22 zn 4500 | ||
LOK | |0 001 4033682848 | ||
LOK | |0 003 DE-627 | ||
LOK | |0 004 1785623974 | ||
LOK | |0 005 20220112043617 | ||
LOK | |0 008 220112||||||||||||||||ger||||||| | ||
LOK | |0 035 |a (DE-Tue135)IxTheo#2021-12-30#8E5EA51C8194A598B84C6B5F80D54AD6FE2BA76D | ||
LOK | |0 040 |a DE-Tue135 |c DE-627 |d DE-Tue135 | ||
LOK | |0 092 |o n | ||
LOK | |0 852 |a DE-Tue135 | ||
LOK | |0 852 1 |9 00 | ||
LOK | |0 866 |x JSTOR#http://www.jstor.org/stable/25123568 | ||
LOK | |0 935 |a ixzs |a ixrk |a zota | ||
ORI | |a SA-MARC-ixtheoa001.raw |