Codes of ethics in Czech companies: prevalence and differences in creation, evaluation and amendment

Zdeněk Caha (), Jan Urban () and Tomáš Mrhálek ()
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Zdeněk Caha: Institute of Technology and Business in České Budějovice, Czech Republic
Jan Urban: Institute of Technology and Business in České Budějovice, Czech Republic
Tomáš Mrhálek: Institute of Technology and Business in České Budějovice, Czech Republic

Entrepreneurship and Sustainability Issues, 2022, vol. 10, issue 2, 362-374

Abstract: Over the long-term, companies, their managements and even employees have been facing increasing external demands from customers, business partners, as well as wider society, to behave ethically. At the same time, similar demands and requirements have been coming from within companies themselves in relation to performance management and employee motivation. These demands are placing greater emphasis on the need for ethical management and a code of ethics as the primary tool for promoting and enforcing the ethical conduct of an organisation, its management and employees. This paper focuses on the prevalence and role of codes of ethics in Czech companies, their goals and contents, the principles behind their creation and enforcement, as well as the main prerequisites for their efficacy. It is based on an extensive longitudinal analysis of a broad sample of 1,242 Czech companies of various sizes, the main aim of which was to determine the aforementioned and, in addition, whether those companies that have created codes of ethics, strengthen the consistency of their use by regularly evaluating and updating their contents.

Keywords: code of ethics; prevalence; creation; evaluation; CSR (search for similar items in EconPapers)
JEL-codes: J21 J24 L80 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:ssi:jouesi:v:10:y:2022:i:2:p:362-374

DOI: 10.9770/jesi.2022.10.2(22)

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