Self-regulating industry behavior: Antitrust limitations and trade association codes of conduct [Book Review]
Journal of Business Ethics 11 (12):915 - 920 (1992)
AbstractSelf-regulation exists at the firm-level, the industry-level, and the business-level of economic organization. Industry self-regulation has faced economic (free rider) and legal (antitrust) impediments to widespread implementation, although there exist examples of effective industry self-regulation, e.g., securities industry and the SEC, advertising and the FTC. By instituting industry codes of conduct, national trade associations have shown to be natural vehicles for self-regulation. While there has been long-standing general encouragement for establishing industry codes, adopting and enforcing conduct codes has been seriously circumscribed by restrictive Supreme Court decisions and FTC advisory opinions. One approach to clearing legal confusion is to petition the FTC to issue an industry guide on promulgating and enforcing trade association codes of conduct. Another strategy is to utilize a stakeholder approach to association ethics committee appointments that subsequently influence code creation and enforcement. Finally, a new concept of an industry code of conduct will consist of three subcodes: an economic code; an environmental code; and a socio-political code. Combined, these strategic approaches will offer new opportunities for effective nonmarket regulation.
Similar books and articles
Physicians and the Pharmaceutical Industry: A Reappraisal of Marketing Codes of Conduct.Thomas A. Hemphill - 2006 - Business and Society Review 111 (3):323-336.
The Influence of Collegiate and Corporate Codes of Conduct on Ethics-Related Behavior in the Workplace.Kenneth D. Butterfield - 1996 - Business Ethics Quarterly 6 (4):461-476.
Ethical behavior in higher educational institutions: The role of the code of conduct. [REVIEW]Zabihollah Rezaee, Robert C. Elmore & Joseph Z. Szendi - 2001 - Journal of Business Ethics 30 (2):171 - 183.
A paradigm for design, promulgation and enforcement of ethical codes.Earl A. Molander - 1987 - Journal of Business Ethics 6 (8):619 - 631.
Voluntary codes of conduct for multinational corporations: Coordinating duties of rescue and justice.Nien-hê Hsieh - 2006 - Business Ethics Quarterly 16 (2):119-136.
The defense industry initiative: Ethics, self-regulation, and accountability. [REVIEW]Nancy B. Kurland - 1993 - Journal of Business Ethics 12 (2):137 - 145.
‘Making Sense’ of Collective Stakeholder Action at the Industry Level: The Case of Cardhu Pure Malt and the Scotch Whisky Industry.Natasha Vijay Munshi - 2005 - Proceedings of the International Association for Business and Society 16:333-336.
The impact of ethics code familiarity on manager behavior.Thomas R. Wotruba, Lawrence B. Chonko & Terry W. Loe - 2000 - Journal of Business Ethics 33 (1):59 - 69.
Added to PP
Historical graph of downloads
Citations of this work
Corporate Sustainability Performance Measurement Systems: A Review and Research Agenda. [REVIEW]Cory Searcy - 2012 - Journal of Business Ethics 107 (3):239-253.
A multidimensional assessment of ethical codes: The professional business association perspective. [REVIEW]Lewis R. Tucker, Vlasis Stathakopolous & Charles H. Patti - 1999 - Journal of Business Ethics 19 (3):287 - 300.
An investigation of ethical perceptions of public sector Mis professionals.Ken Udas, William L. Fuerst & David B. Paradice - 1996 - Journal of Business Ethics 15 (7):721 - 734.
Regulating Nanomaterials: A Case for Hybrid Governance.Thomas A. Hemphill - 2016 - Bulletin of Science, Technology and Society 36 (4):219-228.
The Power(lessness) of Industry Self-regulation to Promote Responsible Labor Standards: Insights from the Chinese Toy Industry.Nick Lin-Hi & Igor Blumberg - 2017 - Journal of Business Ethics 143 (4):789-805.
References found in this work
No references found.