Ethical ramifications of the dark side of business practices in international business

The dark side of international business practices has attracted significant research attention recently. However, researchers are struggling to delve into the ethical ramifications of these practices because of a limited understanding of ethical and digital transformation issues in international bus...

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Main Authors: Davcik, Nebojsa, Sharma, Piyush, Markovic, Stefan
Format: Journal Article
Published: Wiley 2024
Online Access:http://hdl.handle.net/20.500.11937/95912
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author Davcik, Nebojsa
Sharma, Piyush
Markovic, Stefan
author_facet Davcik, Nebojsa
Sharma, Piyush
Markovic, Stefan
author_sort Davcik, Nebojsa
building Curtin Institutional Repository
collection Online Access
description The dark side of international business practices has attracted significant research attention recently. However, researchers are struggling to delve into the ethical ramifications of these practices because of a limited understanding of ethical and digital transformation issues in international business, which may be caused, inter alia, by sociocultural and market disparities, lack of regulatory frameworks, information asymmetries, data ubiquity, and power imbalance among key stakeholders. This paper addresses this important gap through four key themes—ethical considerations, data processing issues, legal considerations, and managerial contingencies. We discuss how to step forward in research on ethics in international business, assessing potential risks associated with privacy concerns, big data, cybersecurity, content analysis, stakeholder relationships, and discriminatory outcomes. Finally, we propose a research agenda and recommendations to address the ethical challenges and dilemmas international businesses face due to disruptive technologies (e.g., artificial intelligence) and cross-market challenges (e.g., legal jurisdictions).
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institution Curtin University Malaysia
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last_indexed 2025-11-14T11:45:06Z
publishDate 2024
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spelling curtin-20.500.11937-959122024-10-25T06:23:32Z Ethical ramifications of the dark side of business practices in international business Davcik, Nebojsa Sharma, Piyush Markovic, Stefan The dark side of international business practices has attracted significant research attention recently. However, researchers are struggling to delve into the ethical ramifications of these practices because of a limited understanding of ethical and digital transformation issues in international business, which may be caused, inter alia, by sociocultural and market disparities, lack of regulatory frameworks, information asymmetries, data ubiquity, and power imbalance among key stakeholders. This paper addresses this important gap through four key themes—ethical considerations, data processing issues, legal considerations, and managerial contingencies. We discuss how to step forward in research on ethics in international business, assessing potential risks associated with privacy concerns, big data, cybersecurity, content analysis, stakeholder relationships, and discriminatory outcomes. Finally, we propose a research agenda and recommendations to address the ethical challenges and dilemmas international businesses face due to disruptive technologies (e.g., artificial intelligence) and cross-market challenges (e.g., legal jurisdictions). 2024 Journal Article http://hdl.handle.net/20.500.11937/95912 10.1111/beer.12747 Wiley unknown
spellingShingle Davcik, Nebojsa
Sharma, Piyush
Markovic, Stefan
Ethical ramifications of the dark side of business practices in international business
title Ethical ramifications of the dark side of business practices in international business
title_full Ethical ramifications of the dark side of business practices in international business
title_fullStr Ethical ramifications of the dark side of business practices in international business
title_full_unstemmed Ethical ramifications of the dark side of business practices in international business
title_short Ethical ramifications of the dark side of business practices in international business
title_sort ethical ramifications of the dark side of business practices in international business
url http://hdl.handle.net/20.500.11937/95912