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Yükselen Piyasalarda Kriz Sonrası Banka Yöneticilerinin Etik ve Yasal Davranış Algılamaları: Türk Bankacılık Sektörü Örneği

Year 2011, Volume: 5 Issue: 2, 11 - 49, 01.12.2011

E. Nur Özkan Günay Ayfer Hortaçsu

Abstract

Yükselen Piyasalarda Kriz Sonrası Banka Yöneticilerinin Etik ve Yasal Davranış Algılamaları: Türk Bankacılık Sektörü Örneği Çalışmanın amacı, üst düzey banka yöneticilerinin sektörde etik dilema olarak algıladıkları konuları saptamak; yöneticilerin bu konulardaki tutumlarını belirlemek; tutum farklılıkları ile demografik ve yapısal özelliklerin ile etkileşimini analiz etmek; etik dilema olarak belirlenen konularda otantik normlar ile Bankalar kanunu, Türk Ceza Kanunu ve Devlet Güvenlik Mahkemeleri iddianamelerinin örtüşme noktalarını saptamaktır. Ampirik bulgular, Türk bankacılık sektöründe üst düzey yöneticilerin kendilerine özgü geliştirdikleri ve yoruma açık otantik normların, mevcut kanunlarla çelişmediğini ve yöneticiler etik skalasının etik tarafında kümelendiğini göstermektedir

Keywords

İş Etiği Bankacılık Sektörü Türkiye

References

  • 1. Ackerman, S.R.. (2002). Grand Corruption and the Ethics of Global Business. Journal of Banking and Finance, 26(9): 1889-1918.
  • 2. Akaah, P.I. and Riordan, E.A.. (1989). Judgments of Marketing Professionals About Ethical Issues in Marketing Research: A Replication and Extension. Journal of Marketing Research, 26: 112-120.
  • 3. Akyurek, C.. (2006). The Turkish Crisis of 2001: A Classic?. Emerging Markets Finance and Trade, 42(1): 5-36.
  • 4. Alper, C.E. and Onis, Z.. (2003). Financial Globalization, the Democratic Deficit, and Recurrent Crises in emerging Markets: The Turkish Experience in the Aftermath of Capital Account Liberalization. Emerging Markets Finance and Trade, 39(3): 5-26.
  • 5. Barnett, J.H. and Karson, M.J.. (1989). Managers, Values and Executive Decisions: An Exploration of the Role of Gender, Career Stage, Organizational Level, Function and the Importance of Ethics, Relationship and Results in Managerial Decision Making. Journal of Business Ethics, 8(10): 747-771.
  • 6. Bear L.A. and Bear, R.M.. (2002). The Securities Industry and the Law. Journal of Banking and Finance, 26 (9): 1867-1888.
  • 7. Beim, D.O.. (2001). What Triggers a Systemic Banking Crisis?. Columbia Business
  • 8. School Working Paper. Columbia University.
  • 9. Brickley, J.A., Smith, C.W. and Zimmerman, J.L. (2002). Business Ethics and Organizational Architecture. Journal of Banking and Finance, 26: 1821-1835.
  • 10. Browning, J. and Zabriskie, B.. (1983). How Ethical are Industrial Buyers?. Industrial Marketing Management, 12: 219-224.
  • 11. Callan, V.J.. (1992). Predicting Ethical Values and Training Needs in Ethics. Journal of Business Ethics, 11(10): 761-769.
  • 12. Caprio, G. and Klingebiel, D.. (1997). Bank Insolvency: Bad Luck, Bad Policy, or Bad Banking?”, In Michael Bruno and Boris Pleskovic, (Ed.), Annual World Bank Conference on Development Economics 1996. Washington, DC: World Bank, 79-104.
  • 13. Caprio, G. and Klingebiel, D.. (1999). Episodes of Systemic and Borderline Financial Crises. Dataset available at World Bank’s Finance Research.web site.
  • 14. Cesmeci, O. and Onder, A.O.. (2008). Determinants of Currency Crises in emerging Markets: The Case of Turkey. Emerging Markets Finance and Trade, 44(5): 54-67.
  • 15. Chami, R. and Fullenkamp, C.. (2002), Trust and efficiency. Journal of Banking and Finance, 26: 1785-1809.
  • 16. Chonko, L.B. and Hunt, S.D.. (1985). Ethics and Marketing Management: An Empirical Examination. Journal of Business Research, 13: 339-359.
  • 17. Conroy, S.J. and Emerson, T.L.N.. (2004). Business Ethics and Religion: Religiosity as a Predictor of Ethical Awareness Among Students. Journal of Business Ethics, 4: 383-396.
  • 18. Delaney, J. T. and Sockell, D.. (1992). Do company ethics training programs make a difference? An empirical analysis. Journal of Business Ethics, 11: 719 – 727.
  • 19. Donaldson, T. and Dunfee, T.W.. (1994). Toward a unified conception of business ethics : Integrative. The Academy of Management Review, 19 (2): 252-272.
  • 20. Donaldson, T. and Dunfee, T.W.. (2002). Ties that Bind in Business Ethics: Social Contracts and Why they Matter. Journal of Banking and Finance, 26: 1853-1865.
  • 21. Ekin (Atakan), S. and Tezölmez, H.S.. (1999). Business Ethics in Turkey: An Empirical Investigation with Special Emphasis on Gender. Journal of Business Ethics, 18: 17-34.
  • 22. Ergeneli, A. and Arikan, S.. (2002). Gender Differences in Ethical Perceptions of Salespeople:An Empirical Examination in Turkey. Journal of Business Ethics, 40: 247-260.
  • 23. Ferrel, O.C. and Skinner, S.J.. (1988). Ethical Behavior and Bureaucratic Structure in Marketing Research Organizations. Journal of Marketing Research, 25: 103-109.
  • 24. Ferrel, O.C. and Weaver, K.M.. (1978). Ethical Beliefs of Marketing Managers. Journal of Marketing, 42: 69-73.
  • 25. Fritzsche, D. J.. (1988). An Examination of Marketing Ethics: Role of the Decision Maker, Consequences of the Decision, Management Position, and Sex of the Respondent. Journal of Macromarketing, 8: 29–39.
  • 26. Harris, R.J.. (1990). Ethical Values of Individuals at Different Levels in the Organizational Hierarchy of a Single Firm. Journal of Business Ethics, 9: 741- 750.
  • 27. Hegarty, W.H. and Sims, H.P.. (1979). Organizational Philosphy, Policies and Objectives Related to Unethical Decision Behavior:A Laboratory Experiment. Journal of Applied Psychology, 64 (3): 331-338.
  • 28. Hunt, S.D., Wood, V.R. and Chonko, L.B.. (1989). Corporate Ethical Values and Organizational Commitment in Marketing. Journal of Marketing, 15(3): 79-90.
  • 29. Izraeli, D.. (1988). Ethical Beliefs and Behavior Among Managers: A Crosscultural Perspective. Journal of Business Ethics, 7: 263-271.
  • 30. Jansen, E. and Von Glinow, A.M.. (1985). Ethical Ambivalence and Organizational Reward Systems. Academy of Management Review, 10 (4): 814-822.
  • 31. Kam-Hon, L.. (1981). Ethical Beliefs in Marketing Management: A CrossCultural Study. European Journal of Marketing, 15: 58-67.
  • 32. Kidwell, M.J., Stevens, R. and Bethke, A.L.. (1987). Differences in Ethical Perceptions Between Male and Female Managers: Myth or Reality?. Journal of Business Ethics, 6: 489-493.
  • 33. Longenecker, J.G., Mckinney, J.A. and Moore, C.W.. (1989). Ethics in Small Business. Journal of Small Business Management, January, 27-31.
  • 34. Mehta, S. C., and Kan, A.K.. (1984). Marketing Executives Perceptions of Unethical Practices: An Empirical Investigation of Singapore Managers. Singapore Management
  • 35. Review 6(2): 25--35.
  • 36. Murphy, P.R., Smith, J.E. and Daley, M. J.. (1992). Executive Attitudes, Organizational Size and Ethical Issues : Perspectives on a Service Industry. Journal of Business Ethics, 11: 11-19.
  • 37. Newstrom, S.W. and Ruch, W.A.. (1975). The Ethics of Management and the Management of Ethics. MSU Business Topics, 23: 29-37.
  • 38. Nyaw, M.and Ng, I.. (1994). A Comparative Analysis of Ethical Beliefs:A Four Country Study. Journal of Business Ethics, 13: 543-555.
  • 39. Posner, B.Z. and Schmidt, W.H.. (1987). Values and the American Manager: An Update. California Management Review, 16: 202-216.
  • 40. Serwinek, P.J.. (1992). Demographic and Related Differences in Ethical Views in Small Businesses. Journal of Business Ethics, 11: 555-566.
  • 41. Sims, R.R.. (1992). The Challenge of Ethical Behavior in Organizations. Journal of Business Ethics, 11: 505-513.
  • 42. Singhapakdi, A., Vitell, S.J. and Franke, G.. (1999). Antecedents, Consequences and Mediating Effects of Perceived Moral Intensity and Personal Moral Philosophies. Journal of the Academy of Marketing Science, 27(1): 19-36.
  • 43. Soutar, G.N., McNeil, M. and Molster, C.. (1995). A Management Perspective on Business Ethics. Journal of Business Ethics, 603-611.
  • 44. State Security Court Indictments, No.2001/77, No.2001/868.
  • 45. The Banks Association of Turkey. Banks in Turkey 1997, 1998, 1999, 2000.
  • 46. The Banks Association of Turkey. Code of Ethics in the Turkish Banking Sector, 2001.
  • 47. Turkish Industrialists and Businessmen Association (TUSIAD). (1992). Sanayileşmede Yönetim ve Toplumsal Uzlaşma.
  • 48. The Banking Regulation and Supervision Agency Publications. (2002). Bank Capital Strengthening Program..
  • 49. The Turkish Ethical Values Foundation (TEDMER). (2002). The approach of Turkish Workforce to Ethics” Research Report.
  • 50. Yeager, L.B.. (2001). Ethics as Social Science: The Moral Philosophy of Social Cooperation. Cheltenham: Edward Elgar Publishing Inc.

Bank Managers’ Perception of Ethical and Legal Conduct in Emerging Markets During the Post-Crises Period: Evidence From Turkish Banking Sector

Year 2011, Volume: 5 Issue: 2, 11 - 49, 01.12.2011

E. Nur Özkan Günay Ayfer Hortaçsu

Abstract

The objective of the study was to identify the main ethical dilemmas facing the banking managers; to assess the ethicality of some banking practices as perceived by top managers; to determine the effects of the demographic and institutional dimensions on bank managers’ ethical judgments; to check the overlap and divergence of the authentic norms and banking or criminal law and State Security Court pleas. The findings refute the idea that the banking community has authentic norms or a free space for intentions and interpretations conflicting with the law and indicate that the Turkish bank managers are on the higher end of the ethics scale

Keywords

Business Ethics Banking Sector Turkey

References

  • 1. Ackerman, S.R.. (2002). Grand Corruption and the Ethics of Global Business. Journal of Banking and Finance, 26(9): 1889-1918.
  • 2. Akaah, P.I. and Riordan, E.A.. (1989). Judgments of Marketing Professionals About Ethical Issues in Marketing Research: A Replication and Extension. Journal of Marketing Research, 26: 112-120.
  • 3. Akyurek, C.. (2006). The Turkish Crisis of 2001: A Classic?. Emerging Markets Finance and Trade, 42(1): 5-36.
  • 4. Alper, C.E. and Onis, Z.. (2003). Financial Globalization, the Democratic Deficit, and Recurrent Crises in emerging Markets: The Turkish Experience in the Aftermath of Capital Account Liberalization. Emerging Markets Finance and Trade, 39(3): 5-26.
  • 5. Barnett, J.H. and Karson, M.J.. (1989). Managers, Values and Executive Decisions: An Exploration of the Role of Gender, Career Stage, Organizational Level, Function and the Importance of Ethics, Relationship and Results in Managerial Decision Making. Journal of Business Ethics, 8(10): 747-771.
  • 6. Bear L.A. and Bear, R.M.. (2002). The Securities Industry and the Law. Journal of Banking and Finance, 26 (9): 1867-1888.
  • 7. Beim, D.O.. (2001). What Triggers a Systemic Banking Crisis?. Columbia Business
  • 8. School Working Paper. Columbia University.
  • 9. Brickley, J.A., Smith, C.W. and Zimmerman, J.L. (2002). Business Ethics and Organizational Architecture. Journal of Banking and Finance, 26: 1821-1835.
  • 10. Browning, J. and Zabriskie, B.. (1983). How Ethical are Industrial Buyers?. Industrial Marketing Management, 12: 219-224.
  • 11. Callan, V.J.. (1992). Predicting Ethical Values and Training Needs in Ethics. Journal of Business Ethics, 11(10): 761-769.
  • 12. Caprio, G. and Klingebiel, D.. (1997). Bank Insolvency: Bad Luck, Bad Policy, or Bad Banking?”, In Michael Bruno and Boris Pleskovic, (Ed.), Annual World Bank Conference on Development Economics 1996. Washington, DC: World Bank, 79-104.
  • 13. Caprio, G. and Klingebiel, D.. (1999). Episodes of Systemic and Borderline Financial Crises. Dataset available at World Bank’s Finance Research.web site.
  • 14. Cesmeci, O. and Onder, A.O.. (2008). Determinants of Currency Crises in emerging Markets: The Case of Turkey. Emerging Markets Finance and Trade, 44(5): 54-67.
  • 15. Chami, R. and Fullenkamp, C.. (2002), Trust and efficiency. Journal of Banking and Finance, 26: 1785-1809.
  • 16. Chonko, L.B. and Hunt, S.D.. (1985). Ethics and Marketing Management: An Empirical Examination. Journal of Business Research, 13: 339-359.
  • 17. Conroy, S.J. and Emerson, T.L.N.. (2004). Business Ethics and Religion: Religiosity as a Predictor of Ethical Awareness Among Students. Journal of Business Ethics, 4: 383-396.
  • 18. Delaney, J. T. and Sockell, D.. (1992). Do company ethics training programs make a difference? An empirical analysis. Journal of Business Ethics, 11: 719 – 727.
  • 19. Donaldson, T. and Dunfee, T.W.. (1994). Toward a unified conception of business ethics : Integrative. The Academy of Management Review, 19 (2): 252-272.
  • 20. Donaldson, T. and Dunfee, T.W.. (2002). Ties that Bind in Business Ethics: Social Contracts and Why they Matter. Journal of Banking and Finance, 26: 1853-1865.
  • 21. Ekin (Atakan), S. and Tezölmez, H.S.. (1999). Business Ethics in Turkey: An Empirical Investigation with Special Emphasis on Gender. Journal of Business Ethics, 18: 17-34.
  • 22. Ergeneli, A. and Arikan, S.. (2002). Gender Differences in Ethical Perceptions of Salespeople:An Empirical Examination in Turkey. Journal of Business Ethics, 40: 247-260.
  • 23. Ferrel, O.C. and Skinner, S.J.. (1988). Ethical Behavior and Bureaucratic Structure in Marketing Research Organizations. Journal of Marketing Research, 25: 103-109.
  • 24. Ferrel, O.C. and Weaver, K.M.. (1978). Ethical Beliefs of Marketing Managers. Journal of Marketing, 42: 69-73.
  • 25. Fritzsche, D. J.. (1988). An Examination of Marketing Ethics: Role of the Decision Maker, Consequences of the Decision, Management Position, and Sex of the Respondent. Journal of Macromarketing, 8: 29–39.
  • 26. Harris, R.J.. (1990). Ethical Values of Individuals at Different Levels in the Organizational Hierarchy of a Single Firm. Journal of Business Ethics, 9: 741- 750.
  • 27. Hegarty, W.H. and Sims, H.P.. (1979). Organizational Philosphy, Policies and Objectives Related to Unethical Decision Behavior:A Laboratory Experiment. Journal of Applied Psychology, 64 (3): 331-338.
  • 28. Hunt, S.D., Wood, V.R. and Chonko, L.B.. (1989). Corporate Ethical Values and Organizational Commitment in Marketing. Journal of Marketing, 15(3): 79-90.
  • 29. Izraeli, D.. (1988). Ethical Beliefs and Behavior Among Managers: A Crosscultural Perspective. Journal of Business Ethics, 7: 263-271.
  • 30. Jansen, E. and Von Glinow, A.M.. (1985). Ethical Ambivalence and Organizational Reward Systems. Academy of Management Review, 10 (4): 814-822.
  • 31. Kam-Hon, L.. (1981). Ethical Beliefs in Marketing Management: A CrossCultural Study. European Journal of Marketing, 15: 58-67.
  • 32. Kidwell, M.J., Stevens, R. and Bethke, A.L.. (1987). Differences in Ethical Perceptions Between Male and Female Managers: Myth or Reality?. Journal of Business Ethics, 6: 489-493.
  • 33. Longenecker, J.G., Mckinney, J.A. and Moore, C.W.. (1989). Ethics in Small Business. Journal of Small Business Management, January, 27-31.
  • 34. Mehta, S. C., and Kan, A.K.. (1984). Marketing Executives Perceptions of Unethical Practices: An Empirical Investigation of Singapore Managers. Singapore Management
  • 35. Review 6(2): 25--35.
  • 36. Murphy, P.R., Smith, J.E. and Daley, M. J.. (1992). Executive Attitudes, Organizational Size and Ethical Issues : Perspectives on a Service Industry. Journal of Business Ethics, 11: 11-19.
  • 37. Newstrom, S.W. and Ruch, W.A.. (1975). The Ethics of Management and the Management of Ethics. MSU Business Topics, 23: 29-37.
  • 38. Nyaw, M.and Ng, I.. (1994). A Comparative Analysis of Ethical Beliefs:A Four Country Study. Journal of Business Ethics, 13: 543-555.
  • 39. Posner, B.Z. and Schmidt, W.H.. (1987). Values and the American Manager: An Update. California Management Review, 16: 202-216.
  • 40. Serwinek, P.J.. (1992). Demographic and Related Differences in Ethical Views in Small Businesses. Journal of Business Ethics, 11: 555-566.
  • 41. Sims, R.R.. (1992). The Challenge of Ethical Behavior in Organizations. Journal of Business Ethics, 11: 505-513.
  • 42. Singhapakdi, A., Vitell, S.J. and Franke, G.. (1999). Antecedents, Consequences and Mediating Effects of Perceived Moral Intensity and Personal Moral Philosophies. Journal of the Academy of Marketing Science, 27(1): 19-36.
  • 43. Soutar, G.N., McNeil, M. and Molster, C.. (1995). A Management Perspective on Business Ethics. Journal of Business Ethics, 603-611.
  • 44. State Security Court Indictments, No.2001/77, No.2001/868.
  • 45. The Banks Association of Turkey. Banks in Turkey 1997, 1998, 1999, 2000.
  • 46. The Banks Association of Turkey. Code of Ethics in the Turkish Banking Sector, 2001.
  • 47. Turkish Industrialists and Businessmen Association (TUSIAD). (1992). Sanayileşmede Yönetim ve Toplumsal Uzlaşma.
  • 48. The Banking Regulation and Supervision Agency Publications. (2002). Bank Capital Strengthening Program..
  • 49. The Turkish Ethical Values Foundation (TEDMER). (2002). The approach of Turkish Workforce to Ethics” Research Report.
  • 50. Yeager, L.B.. (2001). Ethics as Social Science: The Moral Philosophy of Social Cooperation. Cheltenham: Edward Elgar Publishing Inc.
There are 50 citations in total.

Details

Primary Language English
Subjects Finance
Journal Section Research Article
Authors

E. Nur Özkan Günay This is me

Ayfer Hortaçsu This is me

Publication Date December 1, 2011
Published in Issue Year 2011 Volume: 5 Issue: 2

Cite

APA Günay, E. N. Ö., & Hortaçsu, A. (2011). Bank Managers’ Perception of Ethical and Legal Conduct in Emerging Markets During the Post-Crises Period: Evidence From Turkish Banking Sector. BDDK Bankacılık Ve Finansal Piyasalar Dergisi, 5(2), 11-49.