Moral Capital of Leaders (Why Virtue Matters)

Author: (Spanish) Xisong, Yu Wenxuan, Ding Min (Translator), Jin Siyu (Editor)
Publisher:
Publish Date: 2005-10-01
Features: Moral capital refers to outstanding character or the possession and practice of virtues deemed suitable for humans in a specific sociocultural context. Moral capital is built through actions, habits, personality, and lifestyle. Individuals with rich moral capital, i.e., those with high levels of corporate governance or companies renowned for professionalism and excellence, will attract more investors and achieve greater returns. In this highly insightful and engaging work, the authors explain why leaders, even with social capital and knowledge capital, fail to achieve significant success if they and their subordinates lack moral capital. The authors aim to introduce the concept of moral capital into how we examine leadership. While the authors' focus is primarily on business, the information and arguments they provide are equally applicable to leadership issues in other fields.