Drawing on existing theory in the fields of business ethics, entrepreneursh
ip, and psychology, this research provides an initial empirical exploration
of whether entrepreneurs use cognitive reasoning processes which reflect a
higher level of moral development than the level of moral development that
has been empirically observed either in middle-level managers or in the ge
neral adult population. The Defining Issues Test was used to measure the le
vel of moral reasoning skill of the entrepreneurs in this study. Although t
he study was limited by a small sample size and the inherent difficulty of
making accurate comparisons across other empirical studies, the results of
this study suggest that entrepreneurs may exhibit moral reasoning skills at
a slightly higher level than middle-level managers or the general adult po
pulation.