The value-orientations of Catholic and Buddhist entrepreneurs

Gábor Kovács

International Journal of Social Economics, 2017, vol. 44, issue 12, 2428-2449

Abstract: Purpose - The purpose of this paper is to explore and compare the core operating values of Catholic and Buddhist entrepreneurs. Design/methodology/approach - The study is an empirical investigation of the value-orientations of Catholic and Buddhist entrepreneurs in Hungary. By applying qualitative content analysis, document analysis and qualitative comparative analysis, the study presents the distinctive spiritual values in business. Findings - Regardless of their different approach, Catholic and Buddhist value-orientations are implemented in the same value-dimensions that are: the ontological conceptions, procedural aspects, and the other-directedness of business activities. Social implications - The findings substantiate the understanding of the behavior and the motivations of spiritually value-oriented entrepreneurs, furthermore Catholic and Buddhist values may serve as inspirations of genuine ethical behavior in business. By promoting these values a more ethical, more sustainable economic framework can be established. Originality/value - Spiritual values are studied by comparing the value-orientations of Catholic and Buddhist entrepreneurs. Furthermore, the study explores Catholic social teaching and Buddhist economics, and their practical implementation in a comparative way.

Keywords: Buddhist economics; Qualitative comparative analysis; Catholic social teaching; Spiritual value-orientation of entrepreneurs; Spirituality in business; Value-orientation (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:eme:ijsepp:ijse-07-2016-0200

DOI: 10.1108/IJSE-07-2016-0200

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