As the business becomes influential, the whole society shows great concern for business ethics. However, only a few study investigates the relationship between the business ethics and business performances, while the most of the common study topics ar...
As the business becomes influential, the whole society shows great concern for business ethics. However, only a few study investigates the relationship between the business ethics and business performances, while the most of the common study topics are the factors affecting the business ethics and the management`s ethical level itself. The purposes of this study are (1) to enhance the systematic understanding of business ethics by reviewing it`s developments and providing a standard for it`s measure, (2) to analyze the levels of the business ethics in Korea, (3) to find the factors affecting the ethical levels of business and the extents of their influences, (4) to study the relationship between the ethical levels of business and business performances, and (5) the deliver implications for the improvement of business performances and competitiveness. The first step toward the goal is to conduct an extensive reference search. Based upon the literature review, a model for empirical test is developed. The results indicate that (1) the Korean businesses tend to focus their attentions on internal aspects and management performance rather than on the external ones, (2) passive business ethics tends to be emphasized compared to active ethics, (3) overall the ethical levels of the businesses are relatively high, (4) the ethical levels of the businesses are affected by the individual, organizational and social factors, and (5) higher ethical levels result in better business performance. Consequently, further studies seem to be necessary to take into account more extensive factors in the model, to analyze the transition of the outcomes over time, and to study the business ethics based on behavioral term.