Volume 4, 1993
Proceedings of the Fourth Annual Meeting
Ronald K. Mitchell
Pages 597-608
Where Efficiency Fails
Ethical Implications of Governance in the International Setting
Current theories of ethical corporate behavior presume regulation of potential employer opportunism primarily through the influence of external stakeholders. This paper proposes the enfranchisement of internal constituencies to accomplish internal ethical governance. Coactivational theory is called upon to support ownership-based enfranchisement through use of a corporate equity plan. A case example is presented.