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Contribution Details

Type Journal Article
Scope Discipline-based scholarship
Title Does economics and business education wash away moral judgment competence?
Organization Unit
Authors
  • Katrin Hummel
  • Dieter Pfaff
  • Katja Rost
Item Subtype Original Work
Refereed Yes
Status Published in final form
Language
  • English
Journal Title Journal of Business Ethics
Publisher Springer
Geographical Reach international
ISSN 0167-4544
Volume 150
Number 2
Page Range 559 - 577
Date 2018
Abstract Text In view of the numerous accounting and corporate scandals associated with various forms of moral misconduct and the recent financial crisis, economics and business programs are often accused of actively contributing to the amoral decision making of their graduates. It is argued that theories and ideas taught at universities engender moral misbehavior among some managers, as these theories mainly focus on the primacy of profit-maximization and typically neglect the ethical and moral dimensions of decision making. To investigate this criticism, two overlapping effects must be disentangled: the self-selection effect and the treatment effect. Drawing on the concept of moral judgment competence, we empirically examine this question with a sample of 1773 bachelor’s and 501 master’s students. Our results reveal that there is neither a self-selection nor a treatment effect for economics and business studies. Moreover, our results indicate that—regardless of the course of studies—university education in general does not seem to foster students’ moral development
Digital Object Identifier 10.1007/s10551-016-3142-6
Other Identification Number merlin-id:13351
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Keywords Economics and Econometrics, General Business, Management and Accounting, Business and International Management, Arts and Humanities (miscellaneous), Law