Titlebook: Business Ethics; An Institutional Gov Archibald Francis De Cruz Textbook 2024 The Editor(s) (if applicable) and The Author(s), under exclus

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https://doi.org/10.1007/978-3-031-41226-4. This DS has also adopted free market system that has enabled them to solve the three problems of their political economy. Pure socialist economies and captured economies are susceptible to becoming failed economies in the event of prolonged external shocks. Transition economies arising from path d

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https://doi.org/10.1007/978-3-319-98872-6thers timely audited annual reports and timely material disclosures. The Competition or Anti-trust Commission ensure good governance through rules that mitigate abuse of market power or the acquisition of market power to facilitate fair competition among market players for everyone’s benefit.

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Ethical Decision Making, to facilitate Pareto-optimal outcomes, legal and regulatory institutions were created to constrain the decisions of other informal institutions to conform to fairness of outcome for all stakeholders affected by them.

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State Governance,Pareto-optimal social plan using Sen’s capability approach. The latter provides the widest range of accessible opportunities for anyone including the poor to freely choose to uplift themselves to live good lives. In the case of developing nations, whose priority is reducing huge poverty, it is cruci

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Legal and Regulatory Institutional Governance,thers timely audited annual reports and timely material disclosures. The Competition or Anti-trust Commission ensure good governance through rules that mitigate abuse of market power or the acquisition of market power to facilitate fair competition among market players for everyone’s benefit.

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Business Firm Governance,an be used to align employees and firm leaders with achievement of firm goals. Active enforcement of internal controls, risk management and compliance to laws and regulations reduce occurrence of agents acting in their own interests at the expense of long-term shareholder value creation. Common gove

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