Transforming Business Ethics in the Coronavirus Pandemic

Liudmila P. Sidorova () and Timur M. Khusyainov ()
Additional contact information
Liudmila P. Sidorova: National Research University Higher School of Economics
Timur M. Khusyainov: National Research University Higher School of Economics

A chapter in Economic Issues of Social Entrepreneurship, 2021, pp 289-298 from Springer

Abstract: Abstract Purpose: Analyzing the impact of the coronavirus pandemic on changes in business ethics, identify the most significant issues. Design/methodology/approach: Based on an analysis of the main trends in modern society and modern concepts and programs of corporate social responsibility, a theoretical framework of actions to be taken by companies in the pandemic environment is developed. Findings: Today, technology can greatly assist governments in controlling the spread of the virus. Of course, the virus is indiscriminate and affects all people. Wealth, religion, sex, physical condition, and social status do not confer immunity on individuals or groups. However, some social groups suffer more than others. Thus, women workers, migrant workers and the poorest segments of society can be distinguished. The analysis highlights three basic principles of ethical business that are important during a pandemic: company must be prepared for risks involved; company has no right to harm; company must ensure that there is no discrimination. Originality/value: The most important problems encountered by business, employees, partners, and society in general are highlighted. The authors note the importance of corporate social responsibility and the ability of the business community to address the coronavirus crisis.

Keywords: Coronavirus; Covid-19; Pandemic; Business ethics; Corporate social responsibility; F2; M14; M19; M54 (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-77291-8_27

Ordering information: This item can be ordered from
http://www.springer.com/9783030772918

DOI: 10.1007/978-3-030-77291-8_27

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().