Ethical and Socially Responsible Practices Among SME Owner-Managers: Proposing a Multi-Ethnic Assessment

Building on the stakeholder theory, this paper proposes a conceptual framework that looks into the effects of ethical and socially responsible practices on the financial and non-financial performance of SME in Malaysia. This paper argues that ethical and socially responsible commercial practices are seen critical in order to build a strong ground for harmonious business dealings among the multiracial community in Malaysia which could subsequently affect the overall performance of the SMEs. The varying commercial interests, distinct cultural perspectives, and historically distinct skill and trades could provide a rich perceptual framework for understanding the ethical and socially responsible practices in commercial settings.

Provided by: IBIMA Publishing Topic: SMBs Date Added: Jan 2012 Format: PDF

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