Ethically operating businesses in Europe are financially more successful
A mixed methods study found statistically significant positive correlations between alterocentric business ethics and financial performance, Dr. Burkard Schemmel reports in ´European Journal of Management, Leadership and Health´.
"The study´s cluster analysis shows that 90% of companies expect economic impacts from alterocentric business models, indicating a general acceptance of ethical business values among European organizations. Qualitative outcomes identified implementation mechanisms: positive stakeholder relationships, enhanced organizational/operational reputation, engagement of employees, and mitigation of regulatory exposure.
European Journal of Management, Leadership and Health Care 2024-2
This research makes several significant theoretical contributions by confirming the core tenets of stakeholder theory: Internalizing stakeholder interests beyond investors produces sustainable competitive advantage and enhances financial performance. In this regard, the study contributes to stakeholder theory by revealing mechanisms by which stakeholder-focused methods generate financial value, and to replace egoistic."
In: European Journal of Management, Leadership and Health Care 24-1 Ethisch geführte Unternehmen in Europa sind finanziell erfolgreicher Burkard Schemmel
