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Code of ethics for smes: substantiating the necessity and willingness to implement in Ukraine

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Title Code of ethics for smes: substantiating the necessity and willingness to implement in Ukraine
 
Creator Antoniuk, Larysa
Антонюк, Лариса Леонтіївна
Антонюк, Лариса Леонтьевна
Britchenko, Igor
Брітченко, Ігор Геннадійович
Бритченко, Игорь Геннадьевич
Polishchuk, Yevheniia
Поліщук, Євгенія Анатоліївна
Полищук, Евгения Анатольевна
Rudyk, Nataliia
Рудик, Наталія Василівна
Рудик, Наталия Васильевна
Sybirianska, Yuliia
Сибірянська, Юлія Володимирівна
Сибирянская, Юлия Владимировна
Machashchik, Pavel
 
Subject small and medium enterprises
code of ethics
business ethics
corporate
ecological
social responsibility of business
 
Description The article substantiates the necessity of development and implementation of ethical rules of doing business into the business practices of small and medium enterprises. Particular attention is paid to business entities in Ukraine as a country with one of the highest levels of shadow economy. The two-level structure of SMEs’ Code of Ethics designed by the author is being presented, which is based on the following key concepts:
transparency of business entities activity, partnership integrity, environmental and social responsibility, which are interrelated and reflected in the individual modules of the Code.
The article presents the results of approbation of the author’s Code of Ethics for SMEs. The approbation is based on a personal and interactive questionnaire about the readiness of Ukrainian SMEs representatives to introduce ethical norms into their activities. The authors determined that Ukrainian SMEs are not well-informed about possible positive effects from following norms and rules in business, in particular, in terms of improving the business climate in the country, increasing the investment attractiveness of the economy as a whole and economic entities in particular, simplifying the access to financial and credit instruments.
The survey and questionnaire of Ukrainian SMEs confirmed the need for the development and implementation of the business Code of Ethics norms, as well as potential demand for it. The respondents recognize the importance of certain international ethical rules in conducting business, which may contribute to attracting investment in Ukraine; however, this is not the only factor affecting the investment attractiveness of domestic business. It is substantiated that the business climate improvement is a complex issue, and the Code of Ethics, in this context, creates the opportunities of guiding
and encouraging participants to the active influence on the business environment: to declare zero tolerance to corruption and to form and to maintain clear position in interactions with the public authorities.
 
Publisher LLC “Consulting Publishing Company “Business Perspectives”
 
Date 2018-09-04T11:22:39Z
2018-09-04T11:22:39Z
2018
 
Type Article
 
Identifier Code of ethics for smes: substantiating the necessity and willingness to implement in Ukraine / Larysa Antoniuk, Igor Britchenko, Yevheniia Polishchuk [and other] // Problems and Perspectives in Management. – 2018. – Vol. 16, Iss. 3. – P. 150–162.
1727-7051
http://ir.kneu.edu.ua/handle/2010/25273
 
Language en