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01.09.2015 | Special Issue Paper | Ausgabe 1/2015

Asian Journal of Business Ethics 1/2015

Integrating codes of ethics in Hong Kong construction organizations—practitioners’ perspective

Zeitschrift:
Asian Journal of Business Ethics > Ausgabe 1/2015
Autoren:
Olugbenga Timo Oladinrin, Christabel Man-Fong Ho

Abstract

Beyond the adoption of codes of ethics for moderating behaviours within an organization, there is need for change in the dynamism of ethics management in construction companies. This change is necessitated due to inability of ethical codes to function by its mere existence without proper integration into organization’s web. This study aims at identifying supporting factors (input factors) for code integration and the resultant factors as well as the relationship between the two sets of factors. Questionnaire survey was used to gather data from practitioners in Hong Kong construction organizations. Using Relative Importance Index (RII) and correlation analysis, findings revealed that commitment of managing director to ethics, communicating codes with employees and managers acting as role models ranked highest among the input factors, whereas building public trust, enhanced organizations reputation and increased protection against lawsuits ranked highest among the resultant factors. There were great numbers of significant positive correlations between the input factors and the resultant factors with the exception of consistence of codes with international standards and increased companys profitability which exhibited negative correlation. The highest significant positive correlation coefficient existed between training about the importance of ethics and subjective and inconsistent management standards are minimized which points to the importance of ethics training in establishing ethical standards. The findings can help construction practitioners to improve organizational ethical standard and be more result-focused in managing ethics.

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