AN INVESTIGATION OF BUSINESS ETHICS PRACTICE AND ITS PERFORMANCE IN THE CASE OF LION INTERNATIONAL BANK (LIB) S.C

Abstract

This study has tried to examine business ethics practice and its performance in the case of the LIB. The objectives of the study were to identify and analyze the business ethics strategy practiced at LIB banks, to analyze the effect of business ethics on the performance of the bank, to evaluate the challenges of implementing business ethics in the operations of the bank and to find out the best ways to adequately entrenched business ethics principles in banks particularly in LIB. The scope of the study was limited to business ethics practice in case of LIB. The study employed structured questionnaires of LIB. The research was basically analyzed using ordinal logistics regression analysis odd assumption were some of the statistical tools adopted for the research. It was found from the research that the bank activities are guided by ethical principles though not in all aspects of the banks activities. The Ordinal logistic regression analysis resulted, indicated that there exists a significantly positive relationship between the business ethics practices at LIB and the bank performance. It was also found that using working hours for personal activities and the banks equipment like telephone for personal use are some of the major challenge they face in the conduct of their duties. The recommendations given included, discussion of ethical issues in staff meetings should be practiced in the bank.