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Abstract
Although family business comprises the majority of global business, it is significantly under-researched. Yet it is considered
to have unique ethical values compared to non-family corporations. This is attributable to its family orientation. Therefore,
it is worthwhile to identify and define dominant family business ethics values. The authors compare a sample of the U.S. family
business, U.S. corporate entities, and international family business mission statements for frequency of ethics values. The
data reveals three primary findings: (1) generally, the U.S. family business expressed a higher frequency of ethical values
than its non-family corporate and international counterpart, (2) U.S. family business has a strong lead in “integrity” and
“honesty” whereas international family business leads in “environmentalism,” “globalism,” and “social responsibility,” and
(3) generally, the frequency of ethics values for all family business globally has increased over time. The family business
mission statement continues to provide ethical direction for the majority of global business. The emerging family business
values identified in our sample will further impact global business success and promote ethical sustainability world-wide.
- Content Type Journal Article
- Pages 1-10
- DOI 10.1007/s10551-011-1164-7
- Authors
- Mark S. Blodgett, Business Law and Ethics, Center for Global Business Ethics and Law, Suffolk University Sawyer Business School, Boston, MA 02108-2770, USA
- Colette Dumas, Management and Entrepreneurship Department, Suffolk University Sawyer Business School, Boston, MA 02108-2770, USA
- Alberto Zanzi, Management and Entrepreneurship Department, Suffolk University Sawyer Business School, Boston, MA 02108-2770, USA
- Journal Journal of Business Ethics
- Online ISSN 1573-0697
- Print ISSN 0167-4544