Ethics, Business and Capitalism

Academic analysis of business ethics in Southeast Asia. Taking cues from the Japanese concept of ethical or stakeholder capitalism, this book demonstrates how the business activities of firms in Thailand and Indonesia are guided by their perceptions of morality in society and their concerns about the environment. The authors explore the likelihood that foreign influences contributed to the development of such management philosophies, for example through the expansion of Japanese subsidiary firms in the 1980s or the spread of foreign articulations of the concept of corporate social responsibility (CSR) since the 2000s. Companies in both countries may exercise a degree of pragmatism in how they develop these activities. As the authors reveal, the perceptions of morality in business that have shaped many entrepreneurs and companies in Thailand and Indonesia are their responses to the dynamic political, social, and economic factors that have formed the business environments of both countries.