Business Ethics and Leadership (BEL)

ISSN (print) – 2520-6761
ISSN (online) – 2520-6311

Open access journal

Editor-in-Chief: Dr. Prof. Tetyana Vasilyeva

Issued quarterly

Scientific Peer-Reviewed Open Access Journal – Business Ethics and Leadership (BEL), ISSN (print) – 2520-6761, ISSN (online) – 2520-6311 was founded by Sumy State University, Ukraine in 2016 and registered by the Ministry of Justice of Ukraine (Certificate No. KB 22527 – 12427Р from December 14, 2016). The language of publication is English.

Open access statement
This journal allows readers to read, download, copy, distribute, print, search, or link to the full texts of its articles and to use them for any other lawful purpose with due acknowledgement (citation) to authors and the journal.

Contact us:

or Managing Editor

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Aims and scope Instruction for authors Editorial and Review Board Indexing Advertising Article publication charge

The Journal of Business Ethics and Leadership promotes the development of scientific cooperation and international dissemination of theoretical and empirical research, as well as the best global democratic practices regarding ethical standards and leadership in business, trade, management, public administration and education.

Our journal publishes original articles of basic and applied research, conceptual and empirical papers, conference papers, case studies and critical reviews.

Key topics:

  • Honesty, transparency, standards, reputation, fairness and ethics in business, trade, management, public administration and education;
  • Academic integrity;
  • Corporate social responsibility and social entrepreneurship;
  • Leadership and innovation in business, education, corporate and public management;
  • Social justice, gender equality, social equality, protection of corporal and personal rights and freedoms;
  • Behavioral economics, effective and ethical business communications and public relations;
  • Public-private and intersectoral partnership, harmonization of interests of stakeholders;
  • Management of human capital, management, organizational culture, motivation, professional ethics;
  • Client-oriented business management, quality of services, protection of consumer interests;
  • Introduction of democratic practices in social and economic processes.

The acceptance rate of submitted papers is about 25-30%.

Manuscript organization

Open access

ARMG Publishing uses an open access model.

Open access means that articles will be publicly available to all, free of charge and without restriction. It allows our readership to read, download, copy, distribute, print, search, and cite full versions of texts and to use such texts in any other conceivable legal manner.

Archiving policy

Authors can share their research in a variety of different ways.

Preprints (the author’s version of the article prior to submission to the journal for peer review, which has not been edited or typeset). Authors may post their submitted version of the manuscript on their personal website, institutional repository or a subject repository such as arXiv, RePEc, Research Gate, etc.

Accepted Author Version (the version after amendatory process following the peer review process, but prior to the final published version). Authors can post the Accepted Author Version on their personal website, blogs or institutional repository, privately with students or colleagues for their personal use.

Final Version of Record (the fixed version of a journal article that has been published by ARMG Publishing). The published article can be used for own teaching needs or to supply on an individual basis to research colleagues, provided that such supply is not for commercial purposes, via commercial platforms if the author has chosen a CC-BY license, or the platform has an agreement with us.

When posting or re-using the article please provide a link to the appropriate DOI for the published version of the article on ARMG Publishing journals.

General guidelines for authors

Articles should be between 3000 and 7500 words in length.

All submissions should be formatted in the following way: typewritten in 11 Times New Roman, alignment justified, double-spaced, no page numbers, no page breaks, and with no tables or figures included within the text. Article files should be provided in Microsoft Word or PDF formats.
Please minimize the use of abbreviations and do not cite references in the abstract.

The paper organization is the following:

Article Title

A title of not more than ten words should be provided. The title should present the study design.

Author Details

The full names, institutional addresses and email addresses for all authors and a corresponded author should be listed.


Abstract in English should contain the following aspects:

  • The purpose of an article;

  • The author’s contribution including the scientific novelty and practical significance;

  • Conclusions and directions of further researches;

  • The abstract should not exceed 250 words;


It is recommended to indicate three to ten keywords.

JEL Classification

Our articles are classified according to the JEL classification codes, please write the corresponding code. If you have some difficulties, our managing editor will help you.

Main text of the paper:


The context and purpose of the study are presented.

Literature Review

A summary of the existing literature.


This section is a clear description of all processes, interventions and comparisons. It reflects the type of statistical analysis used.


The main findings are depicted in this section.

Conclusions and Discussion

This secion is represented as brief summary and potential implications.


Suggestions about what should be done in accordance with this research.

Acknowledgements and Research Funding

Authors who wish to include Acknowledgements should send them together with the submission in an MS Word file. Research Funding should appear in the Acknowledgements section.

List of Abbreviations

If abbreviations are used in the text they should be defined in the text at first use, and a list of abbreviations should be provided.


References should be written in Roman script. They begin on their own page and are listed in alphabetical order by the first author’s last name. References to other publications must be carefully checked for completeness and accuracy.

For example:

Journal article

Author, A.A., Author, B.B., Author, C.C., Author D.D. (2005). Title of article. Title of Journal, Vol. (No.), 49-53.

Article by DOI

Slifka, M.K., & Whitton, J.L. (2000). Clinical implications of dysregulated cytokine production. Journal of Molecular Medicine, doi:10.1007/s001090000086.


Timoshenko S.P., Young D.H., Weaver W. (1974). Vibration problems in engineering. 4th ed. New York, Wiley. 521 p.

Online document

Abou-Allaban, Y., Dell, M. L., Greenberg, W., Lomax, J., Peteet, J., Torres, M., & Cowell, V. (2006). Religious/spiritual commitments and psychiatric practice.

Resource document. American Psychiatric Association. Accessed 25 June 2007.

Self-citation should be terminated.


If Appendixes are provided, they appear on a new page after the figures. Multiple appendixes are labeled with letters (Appendix A, Appendix B).


All Figures (diagrams, line drawings, web pages/screenshots and photo images) should be submitted in electronic form.

Submit figures as separate high-resolution (300 dpi) JPEG, PDF or PNG images.

All Figures should be of high quality, legible and numbered consecutively with arabic numerals.


Tables should be typed and included in a separate file to the main body of the article. The text of Tables should be written using Times New Roman 10pt. 8. The position of each table should be clearly stated in the body text of article. Do not submit tables as non-editable images.


All papers are published in English.

Permissions and reprints


ARMG Publishing offers two types of reprints:

  • Hard-copy reprints which must be ordered in quantities of at least 10-15.

  • Electronic reprints or E-prints which are encrypted, electronic copies of works in PDF format that you can easily print yourself, distribute via email, post on a website or use in e-detailing. E-prints must be ordered in quantities of at least 30.

The price depends on the quantity of reprints. Please contact the Editor-in-Chief of the corresponding journal to make an order:

Copyright and author’s rights

Articles submitted to the journal should not have been published before in their current or substantially similar form, or be under consideration for publication with another journal. Authors submitting articles for publication warrant that the work is not an infringement of any existing copyright and will indemnify the publisher against any breach of such warranty. For ease of dissemination and to ensure proper policing of use, papers and contributions become the legal copyright of the publisher unless otherwise agreed.

ARMG Publishing takes issues of scientific misconduct, copyright infringement, plagiarism or other breaches of best practice in publication very seriously. We are focused on the rights protection of our authors. Also we seek to protect the reputation of the journal against malpractice. Submitted articles will be checked with duplication-checking software by using Unicheck.

ARMG Publishing provides authors with CC BY license. It permits use, distribution and reproduction in any medium, provided the original work is properly cited. The CC BY license permits commercial and non-commercial reuse.

Please register using the ORCI.

About ORCID iD.

An Open Researcher and Contributor Identifier (ORCID iD) is a unique and persistent digital identifier used to disambiguate researchers from one another. Created by ORCID, this iD helps ensure that work is properly attributed and that you receive credit for everything you do. It integrates with other identifiers (e.g., ResearcherID, Scopus and LinkedIn) and databases (e.g., Crossref) to centralize your research outputs and professional profiles. Your ORCID iD remains the same regards of whether you change your name, your institution, your country or your field of research and provides a unique and permanent marker of your scholarly contributions.

  • Tetyana Vasilyeva

    Head of the Editorial Board, Dr, Professor, Director of the Oleg Balatsky Academic and Scientific Institute of Finance, Economics and Management, Head of Centre “ARMG Publishing”, Sumy State University, Ukraine.

    Research interests: Finance, Banking, Investment, Innovation, Management, Education
  • Alexandru Trifu

    PhD, Lecturer and Associate Professor, Director of the “Petre Andrei” Research Institute, Romania.

    Research interests: General Economics (Micro and Macro economics, Development, Regionalization, Globalization), Theory of the Firm, Insurances, International Marketing, Tourism Techniques, Macroeconomics Finance.
  • MICHAEL Biju

    PhD, Associate Professor and Chair of Moral Theology, Faculty of Theology, Jerusalem Campus of the Salesian Pontifical University, Israel.

    Research interests: Ethics in Economic Life, Moral Theology.
  • Bahaudin G. Mujtaba

    Dr, Professor, Nova Southeastern University, USA.

    Research interests: Teaching management, leadership, human resources, international management
  • Saif Siddiqui

    Dr, Assistant Professor, Centre for Management Studies, Jamia Millia Islamia-Central University, New Delhi, India.

    Research interests: Finance, Entrepreneurship
  • HK Pradhan

    Dr, Professor of Finance & Economics, Chair, Financial Market Centre, XLRI School of Business, Jamshedpur, India.

    Research interests: Econometrics, Risk Management and Insurance, Financial Economics
  • Lukman Ayinde Olorogun

    Dr, Finance/Islamic Banking & Finance, International Islamic University Malaysia.

    Research interests: insurance, risk exposures, education
  • Aloysius H. Sequeira

    Dr, Professor, School of management, National Institute of Technology Karnataka, India.

    Research interests: Human Resource Management, Marketing, Management, Strategic Management,
  • Arthur John Cockfield

    Dr, Professor, Queen’s University Faculty of Law, Kingston, Canada.

    Research interests: Tax law, law and technology theory, privacy law, legal ethics
  • Živka Pržulj

    Dr, Full professor at Belgrade Banking Academy, Faculty for Banking, Insurance & Finance, Serbia.

    Research interests: Business Ethics, Business Ethics in Finances, Governing Human Resources, Corporative Culture
  • Elena Stavrova

    PhD, Associate Professor, Faculty of Economics, South-West University “Neofit Rilski”, Bulgaria.

    Research interests: Business Ethics, Financial Economics, Econometrics
  • Jay Desai

    Dr, Assistant Professor, Shri Chimanbhai Patel Institute of Management and Research, Ahmedabad, Gujarat, India.

    Research interests: Financial Management and Risk Management
  • Ruchi Tewari

    PhD, Associate Professor, MICA-The School of Idea, Shela, Ahmedabad, India.

    Research interests: General Management and Communication, Сorporate communication and responsible business activity
  • Reshma Baig

    Dr, Assistant Professor of Sociology and Head of the department , Government First Grade College, India.

    Research interests: Sociology aspects
  • Roland Bardy
    Dr, Florida Gulf Coast University (USA), Wittenberg Center for Global Ethics (Member of the Board of the German Association and of the American Foundation).

    Research interests: Management Accounting, Leadership, Business Ethics, Knowledge Management and Sustainable Development
  • Maik Huettinger

    PhD, Associate Professor of Economics and Ethics, ISM–University of Management and Economics, Lithuania.

    Research interests: Critical Thinking in Economics, Post-autistic economics, International Economics, Airline business, Cross-cultural studies
  • Rajesh Srivastava

    Dr, Associate Professor, Management and Marketing Department Jennings A. Jones College of Business Middle Tennessee State University, USA.

    Research interests: Marketing and Management
  • Thomas Li-Ping Tang
    PhD, Professor of Management, Department of Management, Jones College of Business, Middle Tennessee State University, USA.
    Research interests: Economic Psychology, Money Attitudes, Pay Satisfaction, Meaning of Money, Love of Money, Monetary Intelligence, Business Ethics, Unethical Intentions, Temptation, Wok Motivation, Performance, QCs, Satisfaction, Stress, Cross-Cultural Issues.
  • Hanna Shvindina

    PhD, Associate Professor of the Department of Management, Deputy Director for R&D at Oleg Balatsky Academic and Scientific Institute of Finance, Economics and Management, Sumy State University, Ukraine.
    Research Interests: The Organizational Development and Evolution, Strategic Management, The Change Management, Conflicts Management, Coopetition, Cooperation & Competition, Paradox Management.
  • Artem Artyukhov

    PhD, Associate Professor, International Engineering Educator (ING-PAED IGIP), Processes and Equipment of Chemical and Petroleum Refinery Department, Sumy State University, Sumy, Ukraine.

  • Christophe Feltus

    Dr, R&T Associate at Luxembourg Institute of Science and Technology, IT for Innovative Services, Luxembourg.

    Research Interests: IT security, IT governance, business IT/alignment and enterprise architecture modeling.
  • Victor Oltra

    Dr, Associate Professor – University of Valencia, Spain.

    Research Interests: Human Resource Management, Knowledge Management and Organizational Learning, Business Ethics and Corporate Social Responsibility, Innovation and Creativity in Organizations, Globalization Challenges. Academic, Entrepreneurship.
  • Massimo Pollifroni
    PhD, Associate Professor in Business Economics at the Department of Management of the University of Turin, Italy.
    Research Interests: Business Economics, Business Ethics, Corporate Social Responsibility, Diversity Management, Eco-Management, Financial Accounting, History of Business Economics, Lean Management, Product Management, Public Management and Public Sector Accounting.
  • Paola Demartini
    Full Professor of Accounting and Management at Roma Tre University, Italy.

    Research Interests: Intangibles, Intellectual Capital management control, Extra-financial Information and Corporate Governance.
  • Andreescu Nicoleta Alina

    PhD, Faculty of Energy Engineering and Industrial Management, University of Oradea, Romania.

    Research Interests: Economics, Business Ethics, CSR, E-learning, Marketing.
  • Elizabeth Chell
    PhD, Professor of Entrepreneurial behaviour & Research Consultant, Small Business Research Centre, Kingston University, UK.

    Research Interests: The Entrepreneurial personality, social enterprise and entrepreneurship, innovative characteristics of young people, gender issues and entrepreneurship, networking and entrepreneurship.
  • Evangelia Papaloi

    PhD, Tutor at the Hellenic Open University (Management of Educational Institutions), Greece.

    Research interests: Organizational Behavior, Educational Leadership and Adult Education.
  • Robert Rogowski

    PhD, Senior lecturer, Institute of Economics, State Higher Vocational School in Nowy Sacz.

    Research interests: Economic ethics, business ethics, entrepreneurship, economic sociology, methodology of economics and sociology.
  • Yuriy Petrushenko

    Dr, Professor, Head of the Department of International Economics, Sumy State University, Ukraine.

    Research interests: social and public finance, economic theory of social communications, theory of transformative learning.
  • Khurshid Djalilov

    PhD, Senior Lecturer in Strategy and Economics, Bournemouth University, UK.

    Research interests cover the area of strategy, emerging markets and transition economics as well as financial development.
  • Svetlana Komissarouk

    PhD, Postdoctoral Fellow Researcher at Higgins lab and at Morris lab, Columbia University, USA.

    Research interests: Cross Cultural Communication; Motivation and cognition; Prosocial Behavior; Judgment and decision making; Social communication.
  • Taras Finikov
    PhD, Professor, Honorary Professor of the Krakow Academy im.A.F.Modzhevsky, Krakow, Poland.
    Research interests: the problems of comparative analysis of the higher education development and transformation in Ukraine European and North American regions; third-world countries; analysis of legislation on higher education in various European regions; academic integrity, ethics and moral standards in the global and national, systems of higher education; the role of private educational institutions in Ukrainian higher education development and their role in formation of civil society institutions; strategic planning and management of higher education institutions.
  • Aleksandra Pejatović

    PhD, Associate professor at the Faculty of Philosophy University of Belgrade, Serbia.

    Research interests: value orientations of adults; educational needs of adults; vocational adult education and training; quality of life; evaluation in education; quality of education, career counselling and guidance.
  • Mara Del Baldo
    PhD, Associate Professor of Entrepreneurship and Small Business Management and of Financial Accounting at the University of Urbino, Italy.
    Research interests: entrepreneurship and small businesses; corporate social responsibility, sustainability and business ethics; SMEs and networking strategies; financial and integrated reporting; ethical, social and environmental accounting (SEAR) and gender(pink) accounting.
  • Krisztina Szegedi

    Dr Habil., Associate Professor, Faculty of International Management and Business, Budapest Business School, Hungary, Project Expert, University of Miskolc, Hungary.

    Research interests: Business Ethics, Corporate Ethics, Corporate Social Responsibility, Consulting Ethics, Social Entrepreneurship, Corporate Strategy, Global Corporate Strategy and Business Development.
  • John Tsalikis

    PhD, BMI Professor of Marketing, Department of Marketing, Florida International University, USA.

    Research interests: Business Ethics Index (Developed the Business Ethics Index, systematically measuring consumer perceptions of business ethical behavior).
  • Sorin-George Toma

    PhD, Professor, University of Bucharest, Faculty of Administration and Business, Romania.

    Research interests: economy, management, marketing, strategy, leadership.
  • Ihor Kobushko

    Dr, Professor, Department of Finance and Еntrepreneurship, Oleg Balatsky Academic and Scientific Institute of Finance, Economics and Management, Sumy State University, Ukraine.
    Research interests: Investment Market, Investment Analysis, Business Planning, Development of Small and Medium Business, Finance of Environmental Protection.
  • Arne Nygaard

    Dr, Professor of Marketing, Kristiania University College and at the Norwegian University of Science and Technology (NTNU), Norway.
    Research interests: Vertical/horizontal integration, industrial organization, economic contracts and incentives, sustainability and green marketing and entrepreneurship and research strategy.
  • Gergely Tóth

    Dr Habil., Kaposvár University, Hungary.

    Research interests: Deep CSR, Bionomy, Economic Theology (integrated in Human Economics).
  • Mehmet Ferhat Özbek

    Dr, Associate Professor, Department of Human Resources Management, Faculty of Economics and Administrative Science, Gümüşhane University, Turkey.

    Research interests: Human Resource Management, Business Management, Labor Law.
  • Bogdan Ekstowicz

    Assistant Professor & Management Expert, University of Humanities and Economics in Łódź, Poland.

    Research interests: Project Management + International Project Management, organization and management in international region, European Integration, the issue of globalization, political science, history, international relations, diplomacy.
  • Gayane Tovmasyan

    PhD, Researcher at “AMBERD” Research Center, Armenian State University of Economics, Yerevan, Armenia.

    Research interests: business or sector economic research.
  • Marco Taliento

    PhD, Professor of Business Economics & Accounting, University of Foggia, Italy

    Research interests: international accounting, business combinations, intangible assets, corporate valuation and value relevance, governance, management & performance, business ethics, IPO.
  • Narine Vardanyan

    PhD, Ass. Professor at International Scientific – Educational Center of National Academy of Sciences Republic of Armenia

    Research interests: education and quality, modern languages, norm and usage in linguistics, public relations.
  • Dan Rodkin

    Dr, Associate Vice President for Student Affairs, Santa Fe College, United States of America

    Research interests: higher education administration, leadership development, student development theory, academic integrity, free speech.
  • Hafiz Imtiaz AHMAD

    PhD, CVA, MAFF, Assistant Professor and Director of Professional Enrichment, New York Institute of Technology, United Arab Emirates.

    Research interests: Accounting, Finance and Valuation.
  • David P. Schmidt

    PhD, Director, the Center for Applied Ethics, Fairfield University, USA.

    Research interests: Business Ethics, Ethical Reasoning, Academic Integrity.
  • Konstantin Kyrychenko

    Head of International Affairs Office, Sumy State University, Ukraine.

    Research interests: Ethics and Leadership in Education, Transparency of the Education Quality Assessment System, Interrelationship of Economic, Social and Political Processes.
  • Kathryn A. Nantz

    PhD, Professor, Roger M. Lynch Chair of Economics, Department Chairperson, Fairfield University, USA.

    Research interests: Labor Economics, Comparative Economic Systems, Economic Education.

  • External reviewers

    Karaoulanis Andreas

    PhD, 3 master’s degrees, Cardiff University, UK.

    Research interests: Business, Education, Business Ethics, Leadership, Management, Strategy and Risk.
  • Joanna Szwacka-Mokrzycka

    Dr hab., Professor, Warsaw University of Life Sciences – SGGW, Poland

    Research interests: Marketing, Management.
  • Marzena Kacprzak

    PhD, Assistant Professor, Warsaw University of Life Sciences – SGGW, Poland

    Research interests: Labour Market, Tourism in Rural Areas, Social Capital, Professional Advisory.
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