AAA. See American Accounting Association
AACSB. See Association to Advance Collegiate Schools of Business
ABC Limited, 96–102
Abolition of Forced Labor Convention, 1957 (No. 105), 229
accounting curriculum, teaching ethics across, 61–62
accounting education
advice for teachers in, 76–77
developing versus developed countries, 76–77
ethics and, 59–60, 77–79
accounting information systems (AIS)
case, 73–74
ethical issues, 70–72
teaching strategies, 72–73
accounting information systems (AIS), 6
ACFE. See Association of Certified Fraud Examiners
ADA. See Americans with Disabilities Act
ADB-OECD Action Plan for Asia-Pacific (2001), 4
ADEA. See Age Discrimination in Employment Act
advice for teachers
business statistics, 123–125
entrepreneurship, 26–27, 50
finance curricula, 144–145
international business courses, 236–237
international business discipline, 212–215
international recruitment, 196–197
socially responsible investing (SRI), 168–170
African SRI, 173
African Union Convention on Preventing and Combating Corruption (2004), 4
Age Discrimination in Employment Act (ADEA), 230
AICPA Code of Professional Conduct, 63, 65, 74
AICPA Statements on Standards for Tax Services, 74
AIS. See accounting information systems
AMBA. See Association of MBAs
America’s Federal Deposit Insurance Corporation, 165
American Accounting Association (AAA), 60
American Institute of Certified Public Accountants (AICPA) Code of Professional Conduct. See AICPA Code of Professional Conduct
American Statistical Association (ASA), 111
Americans with Disabilities Act (ADA), 230
Apple, 122, 231–232
Aquinas Funds, 161
ARARD-V framework, 92–94, 98–102
Aristotle, 41
Aristotelian-Thomistic approach, 135
justice, 140–142
prudence, 138
temperance, 138–139
virtue, 137
ASA. See American Statistical Association
Asian SRI, 172–173
Association for Sustainable and Responsible Investing in Asia (ASrIA), 172
Association of Certified Fraud Examiners (ACFE), 72
Association of MBAs (AMBA), 204
Association to Advance Collegiate Schools of Business (AACSB), 61, 157, 204
courage, 140
auditing, 6
case, 73–74
ethical issues, 70–72
teaching strategies, 72–73
Ball, R., 88
Barclays, 85
biased questions, asking, 111–112
Blommestein, H. J., 87–88
brain drain, 192–194
BRICS countries, 126
British Petroleum, 5
Buffett, Warren, 166
business
ethics, 44
ethical violations in, 86
business statistics, ethics in, 109–128
advice for teachers, 123–125
aim of teaching, 110–111
as discipline, 110–111
developing versus developed country perspective, 125–127
ethics teaching strategy in, 118–123
implications for self-leadership, 125
suggested exercises, 128
summary and conclusion, 127
typical ethical issues in, 112–118
California Transparency in Supply Chain Act of 2010 Mandatory Disclosure, 234
Citizens Property Insurance Co., 234
compliance, in environmental ethics, 233
corruption, 234–235
cross-cultural management, 227
Catholic Values Investment Trust for Catholics, 161
Certified Public Accountants (CPAs), 63
CFA. See Chartered Financial Analyst
CH2M Hill, 187
Chartered Financial Analyst (CFA)
Institute, 136
Program, 166
China SIF, 172
Chinese Amendment No. 8 to Article 164 (2011), 4
Code of Ethics and Standards of Professional Conduct, 166
Colonial Bank, 165
community investing, 178
compromising standards, 40–42
confidentiality, data, 71
conflict of interest, 39–40
conflicting personnel, 42–44
consumer power, 5
Consumer Protection Act of 2010, 63
control variables, misusage of, 115–116
Cornell University, 86
corporate finance. See finance, corporate
corporate social responsibility (CSR), 169
cost-benefit analysis, 135
Council of Europe Criminal Convention on Corruption (2002), 4
courage, 140
CPAs. See Certified Public Accountants
creative destruction act, 36
CSR. See corporate social responsibility
customer relationships, 42–44
data analysis, 113–116
control variables, misusage of, 115–116
statistical hypothesis testing, 114–115
data collection, 111–112
biased questions, asking, 111–112
data hiding, applied method and, 117
data preparation, 112–113
deleting data points, 112–113
handling missing data, 113
data reporting, 116–118
HARKing, 117–118
method and data hiding, 117
decision-making process, 138
deleting data points, 112–113
deontology, 135–136
developing versus developed country perspective
accounting education, 76–77
business statistics, 125–127
corporate finance, 102–104
entrepreneurship, 27–29, 50–51
finance curricula, 145
international business courses, 237–238
international business discipline, 215–218
international recruitment, 192–194
socially responsible investing (SRI), 170–173
Discrimination (Employment and Occupation) Convention, 1958 (No. 111), 229
Dodd-Frank Wall Street Reform, 63
Domini Social Index (DSI), 158
DSI. See Domini Social Index
Dual Labor Market Theory, 186
earnings, management of, 64
economic globalization, 186
EEOC. See Equal Employment Opportunity Commission
efficient market hypothesis (EMH), 88
Egyptian Society of Accountants and Auditors (ESAA) Code of Ethics. See ESAA Code of Ethics
EMH. See efficient market hypothesis
employer branding, 184
employment law, 229–231
endogenous variables, 187
Enron, 63
entrepreneurs
ethical challenges for, 15–16, 19–24
ethical considerations of, 6–9
necessity-driven, 25
entrepreneurship, x
advice for teachers, 26–27, 50
areas of research on, 37–38
as management discipline, 37–38
defined, 37
developing versus developed country perspectives, 27–29, 50–51
ethics teaching strategy, 24–26
exercises for, 30–31, 52–53
exercises for, 30–31
field of, 16–19
summary, 29–30
teaching, 35–53
typical ethical issues in, 19–24
environmental ethics, 226
environmental pollution, 232–234
Equal Employment Opportunity Commission (EEOC), 230
Equal Remuneration Convention, 1951 (No. 100), 229
EQUIS. See European Quality Improvement System
ESAA Code of Ethics, 77–78
ethical awareness, 184–185
ethical considerations and challenge of linkages, 24–25
ethical dilemmas, examples of
compromising standards, 40–42
conflict of interest, 39–40
conflicting personnel and customer relationships, 42–44
reconciling social impact and profitability, 44–46
ethical dimensions, of international recruitment, 190–192
ethical issues. See also typical ethical issues
by accounting subdisciplines
in auditing, 70–72
in financial accounting, 63–65
in managerial accounting, 66–68
in taxation, 74
accounting information systems (AIS), 70–72
ethical violations, 229
ethics-adjusted decision, 96
ethics education, accounting, 59–60
ethics teaching strategy, 24–26, 46–50
in business statistics, 118–123
discussing scenarios, 121
using case studies, 121–122
writing mission statement, 122–123
ethical considerations and challenge of linkages, 24–25
international business, 235–236
international business education, 207–212
embedding business ethics content into existing modules, 211–212
stand-alone business ethics modules, 210–211
teaching approaches in, 209–210
international recruitment, 194
values-based principles, 25–26
European Quality Improvement System (EQUIS), 204
European SIF, 170–171
exogenous variables, 187
experience-behavior-reflection cycle, 124–125
experiential learning strategies, 47–50
case studies, 47–48
developing social sensitivity, 48–49
experience sharing, 49–50
experiential learning theory (Kolb), 45
faculty development, 9–10
FCPA. See Foreign Corrupt Practices Act
Fédération Internationale de Football Association (FIFA), 226
FIFA. See Fédération Internationale de Football Association
Finance and the Good Society (Shiller), 142
finance curricula
advice for teachers, 144–145
developing versus developed country perspectives, 145
discipline and ethics, 134–136
suggested exercises, 146–153
Bank Holders case studies, 150–153
Margin Call (film), 146–147
Sullivan, Peter, 147–148
Tuld, John -class exercise, 148–150
summary and conclusion, 146
teaching strategy for ethics, 143–144
typical ethical issues
institutional level, 142–143
with examples, 136–142
finance, corporate
defined, 87
developing versus developed country perspective, 102–104
suggested exercise, 105–106
meaning and scope of, 87–88
quantitative approach to, 87
related scandals, 85
summary and conclusion, 105
teaching business ethics, 84–87, 91–102
ARARD-V framework, 92–94, 98–102
assumptions and approach, 91–94
pedagogy, tools, and strategies, 95–102
typical ethical issues, 89–91
ethical dilemmas in, 89–90
unethical dilemmas in, 90–91
financial accounting
case, 66
ethical issues, 63–65
teaching strategies, 65–66
financial crisis, 161–162
financial profit, 44
Financial Times, 85
financing venture, 21–22
Forced Labor Convention, 1930 (No. 29), 229
Foreign Corrupt Practices Act (FCPA), 225
Foxcon, 232
fraud triangle, 72–73
Freedom of Association and Protection of the Right to Organize Convention, 1948 (No. 87), 229
Future Structure, Content, and Scope of Accounting Education, 60
G20 Anti-Corruption Action Plan (2010), 4
gamification, 212–215
global credit crisis in 2008, 161–162
Global Goals, 5. See also Sustainable Development Goals
global supply chain management, 227
Global Sustainable Investment Association (GSIA 2014), 158
review report, 171
global warming, 234
globalization, 5, 227–228
GMAT Blog Hub, 86
Google, 122
GSIA. See Global Sustainable Investment Association
handling missing data, 113
HARKing, 117–118
HSBC, 85
Human Capital Theory, 186
Hurricane Andrew, 234
IBM, 186
IESBA. See International Ethics Standards Board for Accountants
IFAC. See International Federation of Accountants
ILO. See International Labor Organization
immigration, 186
imparting learning, 6
Infosys, 186
insider trading, defined, 165
integrated learning, 9
Inter-American Convention Against Corruption (1997), 4
Internal Revenue Service Circular 230, 74
international business courses
advice for teachers, 236–237
compliance in, 225–241
developing versus developed country perspectives, 237–238
ethics teaching strategy, 235–236
globalization and, 227–228
introduction, 225–227
overview, 227–228
suggested exercises, 238–241
summary and conclusion, 238
typical ethical issues, 228–235
corruption, 234–235
employment law, 229–231
environmental pollution, 232–234
human rights, 231–232
international business discipline
advice for tutors, 212–215
curricula, 205–206
developing versus developed country perspectives, 215–218
ethics teaching strategy, 207–212
gamification and, 212–215
introduction, 203–204
suggested exercises, 220–221
summary and conclusion, 218–219
teaching ethics in, 203–221
typical ethical issues in, 206–207
International Ethics Standards Board for Accountants (IESBA), 63
International Federation of Accountants (IFAC), 72
international finance, 227
International Labor Organization (ILO), 229
international marketing, 227
International Monetary Fund, 125
international recruitment
advice for teachers, 196–197
branding for, 187–190
business strategies and, 187
developing versus developed country perspectives on, 192–194
ethical dimensions of, 190–192
introduction, 183–185
overview, 185–187
suggested exercises, 194–196
summary and conclusion, 197–198
teaching strategy, 194
two-way perspective of, 188
irrational exuberance, 88
Investment Policy Statement (IPS), 176
JP Morgan, 85
justice, 140–142
KelsRusto, 196–197
Korede, 42–44
labor market, 185
Lagos Business School (LBS), 95
Libor, 96
Lloyds Banking Group, 85
London, Timothy, 6
main virtue, 137
managerial accounting
case, 69–70
ethical issues, 66–68
teaching strategies, 68–69
Mandela, Nelson, 48
market inefficiencies, 88
McHugh, F. P., 88
microinvesting, 172
Microsoft, 186
Minimum Age Convention, 1973 (No. 138), 229
missing data, handling, 113
mission statement, writing, 122–123
mitigation of environmental damage, 44
moral relativism, 226
nation branding, 184, 189
National Association of State Boards of Accountancy (NASBA), 61
National Conference of Catholic Bishops, 161
negative screening, 160
Nelson Mandela, 48
neoclassical economics, 87, 186
net operating losses (NOLs), 76
net present value (NPV), 90
New Institutional Economics (NIE), 87
NGO. See nongovernmental organization
Nike, 232
Nkechi’s dilemma, 45–46
nongovernmental organization (NGO), 233
NOLs. See net operating losses
NPV. See net present value
Qatar’s labor laws, 230
OECD Anti-Bribery Convention (1997), 4
Okeke, 40–42
online sweatshops, 112
organizational competencies, 185
organizational culture, 84
organizational perception, 184
payment protection insurance (PPI), 85
Permal’s Alfanar Investment Holdings, 161
P-hacking method, 115
Plato, 41
portfolio management, 168
positive screening, 160
PPI. See payment protection insurance
Praxis Mutual Funds, 162
profitability, 44–46
prudence, 138
PricewaterhouseCoopers, 165
Rainforest Alliance, 234
recruitment proficiency, 184
research on entrepreneurship, 37–38
retailers, 22–23
Right to Organize and Collective Bargaining Convention, 1949 (No. 98), 229
Royal Bank of Scotland, 85
Russian Federal Law No. 97-FZ (2011), 4
SA8000, 234
Samuel Curtis Johnson Graduate School of Management, 86
SAN. See Sustainable Agriculture Network
Santander, 85
Sarbanes Oxley Act of 2002, 63, 165–166
SB 657 California Transparency in Supply Chains Act, 232
Schwartz Investment Counsel, 161
Securities Acts of 1933/1934, 165
securities trading, 165
securitization, 138
self-leadership, implications for, 125
sexual harassment, 227
shareholder advocacy, 177
Shiller, Robert J., 87, 142
SIF. See Sustainable and Responsible Investment
Signal International shipyard, 231
Sky News, 96
slave labor, 231
SMIF. See Student Managed Investment Fund
social benefit, 44
social economy, 44
social impact/social entrepreneurship, 44–46
Socially Responsible Index Funds, 163–164
socially responsible investing (SRI), 157–158
academic research on, 163
advice for teachers, 168–170
defined, 159
emergence of, 158
ethical issues in, 164–167
in developed world, 170–172
in developing world, 172–173
history and growth of, 160–164
in Portfolio Management centers, 166
SMIF, 168
suggested exercises, 174–178
summary and conclusion, 174
Soybean Derivative Research Initiatives (Soy-DRI), 215
SRI. See socially responsible investing
stakeholder analysis, 238–239
stand-alone business ethics modules, 210–211
statistical hypothesis testing, 114–115
Student Managed Investment Fund (SMIF), 158
investment process, 174–178
suppliers, 22–23
Sustainable Agriculture Network (SAN), 233
Sustainable Development Goals, 5
Sustainable and Responsible Investment (SIF), 163
taxation
ethical issues, 74
issues, 75–76
teaching strategies, 75
Teachers Insurance and Annuity Association (TIAA), 158
teaching business ethics, 6–9
across accounting curriculum, 61–62
consumer power, 5
entrepreneurs and, 6–9, 46–50
in corporate finance, 84–87, 91–102
assumptions and approach, 91–94
pedagogy, tools and strategies, 95–102
using the ARARD-V framework, 92–94
faculty development and, 9–10
new challenges in, 2–5
consumer power, 5
global governance and risk of legal action, 3–5
Sustainable Development Goals, 5
positive shift in emphasis on, 2
teaching strategies
AIS and auditing, 72–73
financial accounting, 65–66
finance curricula, 143–144
managerial accounting, 68–69
taxation, 75
temperance, 138–139
Tesco, 96, 165
Thai fishing industry, 231
theoretically ungrounded control variables, 115–116
TIAA. See Teachers Insurance and Annuity Association
Title VII, 230
trafficking, human, 231, 232
training, employees, 71–72
typical ethical issues, 38–46
in corporate finance, 89–91
financing the ventures, 21–22
finance curricula, 136–143
idea formulation and sharing, 20–21
success criteria, 23–24
vendors/suppliers/retailers, 22–23
U.S. Department of Justice, 226
U.S. Foreign Corrupt Practices Act (1977), 4
U.S. Securities and Exchange Commission (SEC), 165
UK Bribery Act (2010), 4
UN Convention Against Corruption (2003), 4
UN Declaration of Human Rights, 234
UN Global Compact’s principle, 228
unethical behavior, 169
unethical dilemmas, in corporate finance, 90–91
financing/distribution decisions, 91
investment/capital budgeting decisions, 90
Uniform Certified Public Accounting Examination, 61
United Nations Development Program, 126
United Nations Global Compact, 4
United Nations Universal Declaration of Human Rights, 228
University SMIF investment process, 174–178
unlawful behavior, 169
utilitarian theory of ethics, 43–44
value-driven leadership, ix
value-orientation leadership, ix
values-based principles, 25–26
vendors, 22–23
Verizon, 5
Vietnam War, 161
virtue
defined, 137
ethics. See virtue ethics theory
main, 137
virtue ethics theory, 41, 135–136
Wal-Mart, 232, 240–241
Wesley, John, 160
women in employment, discrimination against, 230
World Bank, 126
WorldCom, 63, 164
World systems theory, 186
Worst Forms of Child Labor Convention, 1999 (No. 182), 229
YouTube™, 95