n Management Dynamics : Journal of the Southern African Institute for Management Scientists - The likelihood of unethical behaviour in the life insurance sector in South Africa : an empirical investigation
|Article Title||The likelihood of unethical behaviour in the life insurance sector in South Africa : an empirical investigation|
|© Publisher:||Southern African Institute for Management Scientists (SAIMS)|
|Journal||Management Dynamics : Journal of the Southern African Institute for Management Scientists|
|Affiliations||1 Damelin Education Group, 2 Stellenbosch University and 3 Nelson Mandela Metropolitan University|
|Publication Date||Sep 2013|
|Pages||13 - 28|
Viviers, van Greunen and Venter (2012: 34) developed a theoretical framework of selected variables influencing the likelihood of unethical behaviour in the life insurance sector in South Africa. They empirically identified five variables of significance, namely Consequences of actions, Significant others, Moral development, Values/beliefs and Individual traits. This follow-up study reports on the empirical relationships among these variables. A series of exploratory factor analyses revealed that the originally proposed dependent variable The likelihood of unethical behaviour split into two dependent variables, namely Misrepresenting information and Theft. The results indicate that punishment is a deterrent to misrepresenting corporate information and stealing assets. In addition, the results reveal that employees might imitate the behaviour of authority figures even if the latter behaved unethically. It was also found that employees who hold negative perceptions about life in general and hold a negative view of their ability to cope in the workplace, are more likely to engage in unethical behaviour such as misrepresenting information and stealing. These findings contribute to a better understanding of the likelihood of unethical behaviour in the life insurance sector in South Africa. The results offer guidelines to managers on implementing more appropriate strategies to address the likelihood of unethical behaviour and assist life insurance organisations to protect their reputation and competitive advantage.
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