Download This PaperLong-Term Evolution of Business Ethics in Hong Kong
Cheong, T.S., Tang, F., Cheng, A., Wojewodzki, M., and Chan, S. 2023. Long-term evolution of business ethics in Hong Kong. International Journal of Business Governance and Ethics, In press, DOI: 10.1504/IJBGE.2023.10055419. Preprint
19 Pages Posted: 1 Jun 2023
Date Written: August 17, 2022
Abstract
This paper introduces the distribution dynamics analysis (DDA) and demonstrates how to apply this technique in business ethics research using proprietary data measuring the general public’s perception of business ethics levels in 206 major companies operating in Hong Kong. The employed data is comprehensive and longitudinal; 10,773 interviews were collected between 2012 and 2016 and transformed into the Confucian Business Ethics Score (CBES). The study documents a slow long-run convergence process and a slight improvement in business ethics levels across the businesses operating in Hong Kong. However, the results also indicate the emergence and migration of two convergence clubs with a small (large) group of businesses converging to the business ethics levels below (slightly above) the average standard. This paper offers several implications and avenues for future research directions.
Keywords: Business ethics, Confucius Business Ethics Score, distribution dynamics analysis, convergence club, mobility probability plot, Hong Kong, Junzi virtues
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