Skip to main content
Log in

Business Ethics Index: Latin America

  • Published:
Journal of Business Ethics Aims and scope Submit manuscript

Abstract

For almost 10 years, the Business Ethics Index (BEI) has measured consumers’ perceptions of business ethical behavior in the USA and numerous other countries. This article expands the BEI to five Latin American countries (Brazil, Bolivia, Mexico, Argentina, and Colombia). The BEI of Argentina and Bolivia were similar in magnitude to the USA, whereas those for Brazil, Colombia, and Mexico were distinctly higher. The component sub-indices showed divergent patterns. The major ethical concerns for Brazil and Bolivia concerned service, whereas Mexico and Argentina complained about overpricing.

This is a preview of subscription content, log in via an institution to check access.

Access this article

Price excludes VAT (USA)
Tax calculation will be finalised during checkout.

Instant access to the full article PDF.

Institutional subscriptions

Fig. 1

Similar content being viewed by others

Notes

  1. There is solid empirical support for the old saying. One study showed that the number of years taken to recover pre-crisis levels of per capita GDP was only 2.5 years in industrialized nations compared with 6.9 years in Latin America. UN ECLAC (2008) Economic Survey of Latin America and the Caribbean, 200607 2008, 93.

  2. In Mexico, there was apparently some difficulty with the translation of the word “ethical” into Spanish. The word “honesty” (honestidad) was therefore substituted. Obviously, this is not quite synonymous since honesty (in Spanish or English) does not encompass all dimensions of ethical behavior. Although honesty is certainly a component of ethics, it is not broad enough to cover the concept. One might be an “honest crook” but it is hard to imagine an ethical one. It is difficult to know how this affected the BEI scores in Mexico. This narrow translation may account, to an unknown degree, for the relatively high BEI in Mexico.

References

  • Carson, T. L. (2003). Self-interest and business ethics: Some lessons of the recent corporate scandals. Journal of Business Ethics, 43(4), 389–394.

    Article  Google Scholar 

  • Chasteen, J. C. (2011). Born in blood and fire: A concise history of Latin America (3rd ed.). New York: Norton.

    Google Scholar 

  • Cypher, J. (2010). Mexico’s economic collapse. NACLA Report on the Americas July/August, 43(4), 51–52.

    Google Scholar 

  • Faux, J. (2009, August 3/10). So far from god, so close to Wall Street. The Nation, 15–18.

  • Green, D. (2003). Silent revolution: The rise and fall of market economics in Latin America (2nd ed.). New York: Monthly Review Press.

    Google Scholar 

  • Grieder, W. (2010, July 19/26). Battling the banksters. The Nation, 3–4, 6.

  • Guillermoprieto, A. (2012, June 7). Drugs: The rebellion in Cartagena. The New York Review of Books, 39-41.

  • Gustafson, B. (2008). By means legal and otherwise: The Bolivian right regroups. In D. Fireside, et al. (Eds.), Real World Latin America (pp. 48–58). Boston: Economic Affairs Bureau.

    Google Scholar 

  • Hagerty, J., & Prada, P. (2010, October 22). Latin demand buoys companies. Wall Street Journal, A1–A2.

  • Hanson, G. (2010). Why isn’t Mexico rich? Journal of Economic Literature, 48(4), 987–1004.

    Article  Google Scholar 

  • Hylton, F. (2008). Politics as organized crime in Colombia. In D. Fireside, et al. (Eds.), Real World Latin America (pp. 68–71). Boston: Economic Affairs Bureau.

    Google Scholar 

  • Lerner, J. (2009, November 19) Jamaica vs. Singapore. The American.

  • Luoma, A., & Gorden, G. (2008). Turning gas into development in Bolivia. In D. Fireside, et al. (Eds.), Real World Latin America (pp. 116–124). Boston: Economic Affairs Bureau.

    Google Scholar 

  • Mondragon, H. (2008). Democracy and plan Colombia. In D. Fireside, et al. (Eds.), Real World Latin America (pp. 267–270). Boston: Economic Affairs Bureau.

    Google Scholar 

  • Ocampo, J. (2007). La Macroeconomia de la Bonanza Economica Latino Americana. Revista de la CEPAL, 93 (Diciembre), 7–29.

  • Oppenheimer, A. (2011, December 22). Latin America still growing, but fiesta over. The Miami Herald, 12A.

  • Oppenheimer, A. (2012, April 18) Argentina’s grab of oil firm: A bad idea, worse timing. The Miami Herald.

  • Schultz, J. (2005, February, 14). The politics of water in Bolivia. The Nation.

  • Sciacchitano, K. (2008). From NAFTA to the SPP. In P. Morales, A. Reuss, C. Thorton, C. Tilly, & D. Fireside (Eds.), Real World Latin America (pp. 88–100). Boston: Economic Affairs Bureau.

    Google Scholar 

  • Tilly, C., & Kennedy, M. (2008). From resistance to production in Argentina: Worker-controlled businesses take the next step. In D. Fireside, et al. (Eds.), Real world Latin America (pp. 134–142). Boston: Economic Affairs Bureau.

    Google Scholar 

  • Transparency International. (2010).

  • Tsalikis, J., & Lassar, W. (2009). Measuring consumer perceptions of business ethical behavior in two Muslim countries. Journal of Business Ethics, 89(1), 91–98.

    Article  Google Scholar 

  • Tsalikis, J., & Seaton, B. (2006). Business ethics index: Measuring consumer sentiments toward business ethical practices. Journal of Business Ethics, 64(4), 317–326.

    Article  Google Scholar 

  • Tsalikis, J., & Seaton, B. (2007). International business ethics index: The European Union. Journal of Business Ethics, 75, 229–238.

    Article  Google Scholar 

  • Tsalikis, J., & Seaton, B. (2008a). Consumer perceptions of business ethical behavior in former eastern block countries. Journal of Business Ethics, 82(4), 919–928.

    Article  Google Scholar 

  • Tsalikis, J., & Seaton, B. (2008b). The international business ethics index: Japan. Journal of Business Ethics, 80(2), 379–385.

    Article  Google Scholar 

  • Tsalikis, J., Seaton, B., & Li, T. (2008). The international business ethics index: Asian emerging economies. Journal of Business Ethics, 80(4), 643–651.

    Article  Google Scholar 

  • Tsalikis, J., Seaton, B., & Shepherd, P. (2011). The business ethics index as a leading economic indicator. Journal of Business Ethics, 99(4), 519–525.

    Article  Google Scholar 

  • Naciones Unidas, Comision Economica para America Latina y el Caribe (CEPAL). (2009). Series Historicas de Estadisticas Economicas, 1950–2008. Anobase 2000: Indices de comercio exterior.

    Google Scholar 

  • United Nations, Economic Commission for Latin American and the Caribbean (UN ECLAC) (2008). Economic survey of Latin American and the Caribbean, 200607.

  • United Nations, Economic Commission for Latin America and the Caribbean (UN ECLAC) (2010a). Economic survey of Latin American and Caribbean, 200910.

  • United Nations, Economic Commission for Latin America and the Caribbean (UN ECLAC) (2010b). Preliminary overview of the economies of Latin America and the Caribbean, 2010.

  • United Nations, Economic Commission for Latin America and the Caribbean (UN ECLAC) (2011). Economic survey of Latin America and the Caribbean, 201011.

  • US Central Intelligence Agency (2012). CIA Factbook, country profiles.

  • Whitefield, M. (2010a, September 13). Latin America and Caribbean economies rebounding. The Miami Herald.

  • Whitefield, M. (2010b, September 13). Commodities accelerate economies. The Miami Herald.

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to John Tsalikis.

Appendix

Appendix

Latin America 2008 Questionnaire (English Version Translated into Spanish and Portuguese)

[READ INSTRUCTIONS TO THE RESPONDENT]

Even though ethical behavior can be defined in many ways, we are interested in YOUR perceptions of ethical behavior. However, please take note that merely not liking a product or service should not be considered unethical.

Q1

We’d like to hear your opinion of how ethically YOU feel businesses behaved in the PAST YEAR. Would you say very unethically, somewhat unethically, neither ethically nor unethically, somewhat ethically or very ethically? Let’s start with… [READ AND ROTATE ITEMS]

01

Very unethically

02

Somewhat unethically

03

Neither ethically nor unethically

04

Somewhat ethically

05

Very ethically

99

DON’T KNOW

 A.

Businesses you dealt with yourself as a consumer

 B.

Businesses you heard about from others or the media

Q2.

What particular unethical behavior did you personally experience or hear from others or the media? Anything else? [PROBE FULLY FOR SPECIFICS INCLUDING THE NAME OF THE COMPANY]

 

The next question will measure your expectations for the future:

Q3.

Based on [INSERT], do you expect businesses in the FUTURE to behave more unethically, about the same, or more ethically? [READ AND ROTATE ITEMS]

01

More unethically

02

About the same

03

More ethically

99

DON’T KNOW

 A.

Your OWN experiences as a consumer

 B.

What you heard from others or the media

Rights and permissions

Reprints and permissions

About this article

Cite this article

Tsalikis, J., Seaton, B. & Shepherd, P.L. Business Ethics Index: Latin America. J Bus Ethics 119, 209–218 (2014). https://doi.org/10.1007/s10551-012-1587-9

Download citation

  • Received:

  • Accepted:

  • Published:

  • Issue Date:

  • DOI: https://doi.org/10.1007/s10551-012-1587-9

Keywords

Navigation