ETHICAL CONSIDERATIONS IN FINANCIAL MANAGEMENT
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- NGN 3000
Abstract: ETHICAL CONSIDERATIONS IN FINANCIAL MANAGEMENT
This research explores ethical considerations in financial management. Objectives include identifying common ethical issues in financial management, assessing the impact of ethical practices on financial performance, and proposing strategies to enhance ethical standards. A survey research design is employed to gather data from financial managers and ethics officers. Using Taro Yamane's formula, a sample size of 300 firms in Lagos, Nigeria, was selected. The reliability coefficient score of the survey instrument is 0.88. Findings indicate that strong ethical practices significantly enhance financial performance and stakeholder trust, though ethical dilemmas often arise in financial decision-making. Recommendations include adopting comprehensive ethics policies and providing regular ethics training to financial managers to promote ethical financial practices.
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