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Review of Business

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Differentiating Extractive, Manufacturing and Service Investments in LDCs.(Less Developed Countries)
The problems facing foreign investors in LDCs depend on the type of investment, whether in an extractive industry, manufacturing for the host market or for export, or a service industry. . . .

ISO 9000: Understanding the Basics.
Worldwide concerns about product quality and safety led to the establishment of ISO as an international guide for acceptable standards and measures. To sell a safety-sensitive product in Europe, a . . .

Computer Fraud: Financial and Ethical implications.
Estimates of computer fraud run as high as $9 billion a year, but the full extent is unknown because most crimes are not reported. These misdeeds distort the integrity of financial statements and . . .

What is the Place of Spirituality in Business?
When invited to speak on the role of spirituality in business, I was reminded of an experience that I had on a visit to Ireland several years ago. I was traveling with two fellow Vincentians, and . . .

Good Faith and Profit Maximization.
A comparison of the views of Adam Smith and St. Aquinas on the issue of exchange reveals that in practice, if not always in theory, modern contract law follows the insights of St. Thomas in terms . . .

Securities Market Efficiency and the Reigning Super Bowl Champions.(comparison of investing and betting)
Inefficient prices in the securities market can be challenged because a precise cutoff date for measuring returns is impossible to establish. No such ambiguity exists when betting on football games . . .

The Advisability of Outdoor Leadership Training: Caveat Emptor.
The effectiveness of outdoor adventure programs as leadership training tools needs to be re-evaluated. A comparison of a rugged outdoor course to traditional business school lectures indicated . . .

Ethical Telemarketing: Oxymoron Contested.
Rapid technological developments in computers and telecommunications coupled with significant growth in the telemarketing industry have created new challenges for management. Ethical abuses . . .

From the Editor.
The articles in this special issue of the Review of Business were selected from presentations at the Fourth Annual International Conference Promoting Business Ethics. The conference is . . .

The Purpose of Business and the Human Good.
The business ethics literature has one glaring weakness, it is, for the most part, unwilling to tackle the question of what is the purpose of business and how does it relate to the human good. . . .

International Counterfeit Marketing: Success Without Risk.(Statistical Data Included)
Selling an imitation intending to defraud others into accepting it as the genuine item is a criminal offense. Widespread counterfeit marketing across product categories and geographical regions . . .

From the Editor.(Brief Article)
Well, this is it. This is the last issue of the Review of Business that I will edit. I retired at the end of the Spring 2000 semester, and by now, I am enjoying the change. I have been in school . . .

Rules of the Game: Do Corporate Codes of Ethics Work?
Over 90% of the Fortune 500 companies have ethical codes of conduct detailing what the companies expect from employees in terms of responsibilities and behavior. Corporate codes of ethics establish . . .

Catholic Social Teaching and Education in Business and Economics: A Non-catholic's Perspective.
The integration of Catholic social teaching into a business and economics education is a natural reflection of the mission of Catholic business schools. The values that underlie Catholic social . . .

From the Editor.
As our mission statement proudly states, St John's is a Vincentian university. It is thus appropriate that we begin this, the second special issue devoted to Catholic Social Thought and . . .

Good Business Sense Is the Key to Confronting ISO 9000.(quality standard)
First established in Europe, ISO 9000 quality standards are now used worldwide. There are advantages, costs and limitations to the ISO 9000 certification process. In the end, good business sense is . . .

Service-Learning as a New Form of Catholic Action.
Founded at the turn of the century, Catholic Action is a movement focusing on the role of the laity in the apostolate of the Church. The movement is intimately linked with Catholic social teaching. . . .

Working on the Wiring: Preventing Ethical Failures in Socially Responsible Businesses.
Socially responsible businesses should be encouraged to make regular assessment and self-criticism a priority, which in turn will make them less vulnerable to destructive criticism. Socially . . .

Does Finance Have a Soul?
Christianity has always been suspicious of the world of finance and money. Part of this comes from an incomplete understanding of the role of finance in a modern market economy. However, part of it . . .

Manager incentive ad returns to shareholders of acquiring firms.
In acquisition activities, the impact of manager incentive on returns to shareholders is based on the proposition that shareholder wealth maximization is a function of the "personal objectives" of . . .

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