Explicating the Influence of Religion in Forming Corporate Governance: Insights from the Philippines
Document Type
Article
Publication Date
2023
Abstract
Religion plays a role in shaping personal values and directing an organization’s moral filter. It is an avenue to impose social morality that may impact corporate governance. We examined the influence of religion in the formation and development of good corporate governance through ethical leadership in the Philippines – a country that has strong religious culture. Invalidating scholarly literature on religion and enterprise; we looked into the conception and interpretation of religion and corporate governance through a key informant interview of 30 executive directors from private corporations in the country.We found that corporate governance may arise from religious convictions; where values are used to develop good governance behaviors; which is moderated by ethical leadership. Hence; we contributed further understanding of good corporate governance from a behavioral perspective that can facilitate better business decision making that will benefit various stakeholders.
Recommended Citation
Ng, L.T., & Rivera, J.P. (2023). Explicating the influence of religion in forming corporate governance: Insights from the Philippines. DLSU Business & Economics Review, 32(3), 133-144.
