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in the keywords:  Business ethics, Corporate Social Responsibility (CSR), Religion
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This study analyzes the philosophical roots of business ethics and assesses this fields influence on the birth of corporate social responsibility. Business ethics have done more than lay the foundations for CSR: Numerous highly publicized  corporate scandals evoking discussions on such ethics, have proved that institutionalization  of business ethics has become increasingly necessary. Firstly, it would  allow creation of stable foundations for enterprises to act responsibly. Secondly, it would improve the image of business activity in the eyes of society as well as  positively influence the efficiency of such activity.  
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