Effect of Ethical and Professional Values on the Operations of Deposit Money Banks in Nigeria

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Tajudeen Tewogbola Lawal
Tajudeen Tewogbola Lawal

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This study examined the effect of ethical and professional values based on the socioeconomic factors affecting banking operations of deposit money banks in Nigeria. Prior studies have not dwelt or investigated extensively on ethical and professional practices by banks especially in developing world like Nigeria. Hence, there is the need to evaluate the effectiveness, enforcement and compliance by banks of the codes of ethics and professionalism for the banking industry in Nigeria. Mixed research design method employed with the aid of primary data collected through close ended structured questionnaire from 200 respondents purposively selected from the commercial deposit money banks and three core regulatory institutions for the industry. Both descriptive and inferential statistics were employed to analyze the data and the hypothesis tested with Pw and Kendall’s Tau Correlation Coefficients. Findings revealed that the level of ethical and professional competence have not improved as expected.

41 Cites in Articles

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

Tajudeen Tewogbola Lawal. 2019. \u201cEffect of Ethical and Professional Values on the Operations of Deposit Money Banks in Nigeria\u201d. Global Journal of Management and Business Research - C: Finance GJMBR-C Volume 19 (GJMBR Volume 19 Issue C3): .

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Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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April 15, 2019

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This study examined the effect of ethical and professional values based on the socioeconomic factors affecting banking operations of deposit money banks in Nigeria. Prior studies have not dwelt or investigated extensively on ethical and professional practices by banks especially in developing world like Nigeria. Hence, there is the need to evaluate the effectiveness, enforcement and compliance by banks of the codes of ethics and professionalism for the banking industry in Nigeria. Mixed research design method employed with the aid of primary data collected through close ended structured questionnaire from 200 respondents purposively selected from the commercial deposit money banks and three core regulatory institutions for the industry. Both descriptive and inferential statistics were employed to analyze the data and the hypothesis tested with Pw and Kendall’s Tau Correlation Coefficients. Findings revealed that the level of ethical and professional competence have not improved as expected.

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Effect of Ethical and Professional Values on the Operations of Deposit Money Banks in Nigeria

Tajudeen Tewogbola Lawal
Tajudeen Tewogbola Lawal

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