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Ethical Ideology of Managers in Banking Sector in India

International Journal of Business Ethics in Developing Economies

Volume 7 Issue 2

Published: 2018
Author(s) Name: Manjit Kour | Author(s) Affiliation: Assistant Professor, Department of Commerce, Sri Guru Gobind Singh College, Chandigarh, India.
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Abstract

The present paper presents the analysis of ethical ideology of managers working in banking sector in Punjab, India. For the purpose of understanding ethical ideology of managers Ethics Position Questionnaire (Forsyth, 1980) is administered to 274 managers working in ten banks in Punjab state of India. Managers are then classified into different ethical ideologies as per Forsyth’s ethical taxonomy (Forsyth, 1980). The results found that most of the bank managers are situationists and very few are absolutists. It is also found that none of the managers fall in the exceptionist or subjectivist group. It shows that there is probability of most of the Indian Bank managers using less of universal moral rules and more appraise the current situation and use it as the basis for making a judgment.

Keywords: Ethical Ideology, Idealism, Relativism, Bank Managers

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