Pregled bibliografske jedinice broj: 1193782
Is ethical Behavior Profitable in Construction? A Theoretical Framework
Is ethical Behavior Profitable in Construction? A Theoretical Framework // 13th, International OTMC Conference / Cerić, Anita ; Huemann, Martina ; Radujković, Mladen ; Vukomanović, Mladen ; Završki, Ivica (ur.).
Zagreb: Hrvatska Udruga za Organizaciju Građenja, 2017. str. 336-344 (predavanje, međunarodna recenzija, cjeloviti rad (in extenso), znanstveni)
CROSBI ID: 1193782 Za ispravke kontaktirajte CROSBI podršku putem web obrasca
Naslov
Is ethical Behavior Profitable in Construction? A Theoretical Framework
Autori
Antić, Miljenko
Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni
Izvornik
13th, International OTMC Conference
/ Cerić, Anita ; Huemann, Martina ; Radujković, Mladen ; Vukomanović, Mladen ; Završki, Ivica - Zagreb : Hrvatska Udruga za Organizaciju Građenja, 2017, 336-344
ISBN
978-953-8168-21-5
Skup
13th, International OTMC Conference
Mjesto i datum
Poreč, Hrvatska, 27.09.2017. - 30.09.2017
Vrsta sudjelovanja
Predavanje
Vrsta recenzije
Međunarodna recenzija
Ključne riječi
business ethics ; profit ; ethical theories ; construction ; game theory ; prisoners’ dilemma ; tragedy of commons
Sažetak
There are two main competing theories concerning relationship between business ethics and profit. According to Nobel prize-winning economist Milton Friedman, managers should not take care about business ethics at all. Their only duty is to maximize profit. In contrast, according to the theory of "school of enlightened selfishness", the manager is responsible not only to shareholders but also to the wider community. In other words, according to this theory, the manager should take care about business ethics. Accordingly, the main purpose of this article is to apply these two theories on construction business and to check validity of these theories in construction. Or, in short, the main question is whether is it better for a civil engineer to follow the principles of business ethics or not. This analysis will be based on the game theory and rational choice theory. The main conclusions are, first, that an ethical behavior is profitable in situations when a long term cooperation with business partners, workers, customers and wider community is expected. However, second, construction business also provides many incentives for an unethical behavior that could be very lucrative. This article will explains under which circumstances one may expect an unethical behavior in construction. In the final part, this article will outline methods for empirical research about profitability of ethical behavior in construction.
Izvorni jezik
Engleski
Znanstvena područja
Građevinarstvo, Ekonomija, Sociologija
