Ethics of Business Managers vs. Entrepreneurs
Vol. Volume 6, Number 1 April/2001
Branko Bucar and Robert D. Hisrich
Especially in today's hyper-competitive global economy, it is important to understand the ethical attitudes and standards of entrepreneurs and managers both in the U.S. and abroad. This study of ethical attitudes and standards is grounded in stakeholder theory and, more specifically, the theory of property. One hundred and sixty-five entrepreneurs and one hundred twenty-eight managers were surveyed using a detached measuring instrument containing binary response questions, scenarios, and comprehensive demographic information. The study confirmed expectations derived from the theory of property rights and indicated that substantive differences exist between entrepreneurs and managers in the United States with respect to their ethical attitudes. The higher ethical attitudes of entrepreneurs were anticipated due to their higher equity stakes and the higher risks assumed.