2019 Archive
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Title: ANALYSIS OF ETHICAL AND SUSTAINABLE DEVELOPMENT PRACTICES IN SELECTED MANUFACTURING FIRMS AND NIGERIAN BANKS.pdf Author: Olanipekun W. D., PhD., Mustapha R. O., PhD., Lasisi F. A. PhD. & Bamidele A. G., PhD Abstract: Abstract The study examined the impact of ethical and sustainable development practices on organisation performance. Survey research design was used in the study. Data for this research was obtained from Primary sources through the aid of a structured questionnaire. Krejche and Morgan formula were used to estimate the sample size. 384 copies of questionnaires were administered to employees of the selected companies out of which only 305 copies were found to be useful for data analysis. The data were analyzed using descriptive statistics and inferential statistics of partial least square structural equation model (PLS-SEM). The hypothesis was tested at 0.05 alpha levels. Findings revealed that economic responsibility and sustainability is the variable that best predicts the organisation performance with the following values (β =.317, t= 4.720, p=0.000). The next vital predictor in order of importance is social responsibility and sustainability predicts the organisation performance with the following values (β =.178, t= 4.304, p=0.002). Also ethical practices predicts the organisation performance with the following values (β = .317, t= 4.269, p= .000) and finally, environmental responsibility and sustainability (β = .177, t= 3.177, p= .001) is significantly related to organisation performance. Based on the findings, the study concluded that given that the quintessence of sustainable development which arises from concern for the unethical consequences of corporation’s actions as they affect the interest of other stakeholders, the importance of ethical and sustainable development practices cannot be overemphasized. The study recommends that organizations’, regardless of the sector or industry should ensure that their developmental objectives are in consonance with the triple bottom line objectives of profit, people and planet. Keywords: Ethics, Sustainability, Development, Organisation, Performance View |