Drawing on the pragmatic turn in contemporary social theory, we explore how corporate elites accused of corruption in the context of weak institutions engage in their justification works. Empirically, we focus on three high-profile corruption scandals that shook Ghana between 2010 and 2020 and inspired widespread public condemnation. Publicly accessible archival documents, such as court reporting, newspaper stories, press conferences, and the digital footprints of corporate elites implicated in the scandals provide data for our inquiry. Focussing on the juxtaposition of (...) ‘sayings’ and ‘doings’, the findings show justification as performative, and rooted in contextual pragmatism that acknowledges the plurality of logics situated between self-interest and folk-logic. Within this framework, the domestic and civic orders of worth emerge as most prominent, with the justification processes manifesting through victimising, scapegoating, and crusading. Building on these insights, we develop a framework that highlights how the use of justifications serves as a critique of the inadequacies within climates of weak institutional frameworks consequently fostering an atmosphere conducive to framing unethical conducts as morally acceptable. (shrink)

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We provide insight into how firms’ trade credit decisions respond to the coevolution of business ethics practices, technological innovation, and institutional reform for firms located in pilot cities of China’s social credit reform. The reform implements an external monitoring mechanism that potentially shifts the business ethics frontier by punishing or rewarding certain (un)ethical credit behaviors. Following the reform, pilot city firms enjoy greater access to trade credit financing. Three plausible channels include reduced default risk, improved information quality, and enhanced legal (...) protection. Suppliers provide more credit to young, small, private, politically unconnected firms, and those with geographically distant suppliers. Finally, we illustrate how increased access to trade credit translates into tangible strategic and performance benefits. Overall, this study underscores the importance of aligning business ethics practices with evolving societal values and technological advancements to facilitate companies’ willingness to provide trade credit within emerging markets. (shrink)

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