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Scholarly Journal of Business Administration, Vol. 8(1) pp.10-17 January, 2019
Available online http
:// www.scholarly-journals.com/SJBA
ISSN 2276-7126 © 2019 Scholarly-Journals

Business ethics and organizational sustainability of insurance firms in Rivers State

Okonkwo, Ginika Afoma

Department of Management, University of Port Harcourt, Port Harcourt, Nigeria. Email: askallyk007@gmail.com.

Abstract :

This study examined the relationship between business ethics and organizational sustainability of insurance firms in Rivers State. Cross sectional research design was adopted in studying ten (10) insurance firms which were reported as the top ten ranked amongst others as best performing firms listed with National Insurance Commission (NAICOM). Our respondents were mangers of those companies. From the field survey, we retrieved and analyzed forty-three (43) sets of questionnaire using Kendall's tau-b correlation coefficient to determine the association between the variables as well as the level of significance of the dimensions of the predictor variables on organizational sustainability. The findings revealed that the dimensions of business ethics namely; pricing and distribution norms, information and contract norms, obligation and disclosure norms and general honesty and integrity norms exhibited significant relationship with organizational sustainability. We, then, concluded that insurance firms who complied with these stated norms that explain ethical business practices were adjudged as having attained their sustainability goals of economic, social and environmental concerns. This motivated our recommendation for insurance firms and other institutions on how essential it is to incorporate ethical business practices in their operations as this will enable them to ultimately achieve sustainability goals of their corporationst. .


Key words: Business Ethics, Pricing and distribution norms, Information and contract norms, Obligation and disclosure norms, General honesty and integrity norms and Organizational Sustainability

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