Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Most executives believe that they and their firms behave in an ethical manner and that it is in their best interests to do so. How

image text in transcribed

Most executives believe that they and their firms behave in an ethical manner and that it is in their best interests to do so. How can a firm's ethical conduct increase its long-term profitability? Ethical corporate behavior builds public trust and encourages the use of good corporate governance. Both increase the likelihood that creditors and investors will want to invest in the firm, which in turn increases the availability of financial capital. Ethical corporate behavior attracts managers who believe that greed is good and that to succeed they should be prepared to do absolutely anything necessary for the firm to make a profit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

How To Get Out Of Debt And Into Praise

Authors: James T. Meeks

1st Edition

0802429939,1575678314

More Books

Students also viewed these Finance questions