Ethics, Business and Capitalism: Thailand and Indonesia in an Asian Perspective

Just published!

Edited by Janet Hunter, Patnaree Srisuphaolarn, Pierre van der Eng and Julia S. Yongue
With contributions from Masakazu Shimada, Kazuhiro Tanaka, Yuri Sato, Gen Endo, Patarapong Intarakumnerd, Sari Wahyuni, Sely Haudy, Motoi Ihara, Farabi Fakih, and Nuttapol Assarut.

Taking cues from the Japanese concept of ethical or stakeholder capitalism, the chapters in this book demonstrate that the business activities of firms in Thailand and Indonesia are in various ways shaped by and explained through their perceptions of morality in business and society, and concerns about the environment. Often, these perceptions that these firms have framed and adhere to are their own responses to the dynamic political, social and economic factors that have influenced the business environments of both countries.

"This book, written by authoritative authors in the field, is a most comprehensive collection of ethics, business practices and societal values in contemporary Southeast Asia, with a focus on Indonesia and Thailand. The analyses within offer both philosophical and empirical underpinnings for future research directions, and policies in the areas of environment, social context and governance."
- Tirta Mursitama, Collaboration and Global Engagement, Bina Nusantara University

"This insightful book thoroughly examines the intricate balance that businesses need to strike between pursuing profits and upholding ethical standards for long-term sustainability. It presents a compelling exploration of how businesses can navigate these challenges, with a specific focus on the context of Thailand and Indonesia, characterized by concentrated ownership, i.e., family ownership."
- Cynthia A. Utama, Department of Management, University of Indonesia

Janet Hunter is Saji Emeritus Professor of Economic History at LSE and specializes on the economic development of modern Japan.

Patnaree Srisuphaolarn is an associate professor in International Business, and her research interest includes Corporate Social Responsibilities and Thai contemporary Business History.

Pierre van der Eng is Associate Professor at the Australian National University, teaches international business courses and conducts research in the fields of international business and business history, particularly of Indonesia.

Julia S. Yongue  is a business historian who teaches in the Business Economics Department of the Faculty of Economics at Hosei University in Tokyo, Japan.

Publication year: 2024
304pp / 229 x 152mm
5 figures, 11 tables, 3 graphs, 5 diagrams
Paperback
ISBN: 978-981-325-274-5