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Verschoor, C. (2015) Toshiba’s Toxic Culture: in Japan, Where It’s Disrespectful to Disobey Orders, a Poor Tone at the Top Can Be Detrimental to a Company. Strategic Finance, 97, 18.

has been cited by the following article:

• TITLE: Analysis of Market Failure Theories Based on Toshiba’s Business Ethic Issue: Earnings Overstatement Scandal

  AUTHORS: Jiayang Cheng

  KEYWORDS: Business Ethic, Market Failure, Fraud Scandal

  JOURNAL NAME: American Journal of Industrial and Business Management, Vol.10 No.1, January 20, 2020

  ABSTRACT: As a controversial topic, business ethic is becoming significantly important in today’s business world. Business unethical behaviors such as fraud scandal and other accounting manipulation will bring reputation risks for organizations, which may lead to serious consequences and even severe administrative penalties. Therefore, responsible firms should have senses of good behavior and prevent themselves from committing unethical behaviors, which causing negative externalities for other organizations and people. This research paper mainly conducts research through investigation, literature review and other methods, aiming at demonstrating responsible global citizenship implications by analyzing related market failure theories based on Toshiba’s business ethic issue: earnings overstatement scandal.