THE IMPORTANCE AND PRECONDITIONS FOR AN EFFECTIVE CODE OF ETHICS AS A COMPANY MANAGEMENT TOOL IN THE GLOBAL ENVIRONMENT

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F75081431%3A_____%2F17%3A00002030" target="_blank" >RIV/75081431:_____/17:00002030 - isvavai.cz</a>

Result on the web

<a href="https://www.webofscience.com/wos/woscc/full-record/WOS:000685059200034" target="_blank" >https://www.webofscience.com/wos/woscc/full-record/WOS:000685059200034</a>

DOI - Digital Object Identifier

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Result language

angličtina

Original language name

THE IMPORTANCE AND PRECONDITIONS FOR AN EFFECTIVE CODE OF ETHICS AS A COMPANY MANAGEMENT TOOL IN THE GLOBAL ENVIRONMENT

Original language description

Companies, in particular those with a global presence, have been facing increasing demands from their customers, business partners, as well as wider society, to behave ethically in the long-term. As a result, there has been an increase in the importance attached by organizations to having a code of ethics as a tool for ethical company management. The main purpose of such codes is to clearly establish and unequivocally state the rules and principles for the ethical behaviour of managers and employees, internally and externally, as well as towards each other. This article deals with the goals and the contents of codes of ethics, the principles behind their creation, the enforcement of those principles and the main pre-conditions required for ensuring their effectiveness. The empirical part of the article is based on research conducted on a sample set of 607 Czech companies. These companies were divided into four categories according to size. The tested hypothesis was set on the basis of the assumption that more than 50 % of companies use the comments of their departments and employees when implementing changes to their code of ethics. All the tests and calculations of interval estimates were performed at the significance level of 0.05 using R-software. The tables were created in MS Excel. The statistical tests show that more than 50 % of medium and large-sized companies take into account the comments of departments and staff prior to modifying their codes of ethics. The hypothesis was refuted for micro and small-sized companies.

Czech name

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Czech description

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Type

D - Article in proceedings

CEP classification

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OECD FORD branch

50200 - Economics and Business

Project

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Continuities

V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Publication year

2017

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

Globalization and its socio-economic consequences 2017: Proceedings of 17th International Scientific Conference

ISBN

9788081542121

ISSN

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e-ISSN

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Number of pages

7

Pages from-to

255-261

Publisher name

University of Zilina

Place of publication

Žilina

Event location

Rajecké Teplice

Event date

Oct 4, 2017

Type of event by nationality

WRD - Celosvětová akce

UT code for WoS article

000685059200034