Melisa Erdilek Karabay

Corporate Reputation: A Definitional Landscape

Corporate reputation in recent times has continued to become very important in business and it, today, plays more decisive role in sustaining the growing presence of organizations in their many markets in terms of their future survival. The reputation of a company is shaped, developed or lost during its operations in its community and market. The reputation of a corporate entity, affects that entity’s activities and many other organizations it interacts with. Therefore, to gain a sustainable reputation over time and avoid the loss of reputation, maintaining good reputation should be considered as an important factor which will contribute to the organisation’s value creation ability. In contrast to the popular belief, any of loss of reputation by an entity will not be easy to gain back or compensate for. This study presents a discussion of corporate reputation, fundamental concepts that are found in the literature and the rising importance of reputation in today’s corporate changing environment.

The Emerging Role of Managerial and Accounting Ethics for Creating a Corporate Ethical Structure in Organizations

Today, business ethics and ethical behavior refer more to general principles in various professions. The field of business ethics deals with questions about whether particular business practices are acceptable. Since managers are expected to make ethical decisions every day, companies have begun to apply a set of managerial ethics or guidelines as a reference during tough decision-making scenarios. Managerial ethics, in this sense, refers to the moral guidance that a supervisor provides his/her employees. Another discipline that needs an accurate understanding of ethics is accounting profession. Accounting is a business field that both accuracy and interpretation have become critical. Ethics in accounting is one of the most important, yet most misunderstood, concerns in the world of business today. This is due to the fact that accountants are the key personnel who access the financial information of individuals and entities. Such power also causes the potential of abusing information or manipulation. The aim of this study is to explain the emerging roles of business ethics among organizations within the framework of managerial and accounting ethics. The study also highlights the importance of managerial and accounting ethics in relation to social responsibility of corporations.

Analysing the Effects of Unethical Culture and Organizational Commitment on Employees’ and Managers’ Unethical Behaviours: Evidence from Turkish Insurance Industry

A successful business is dependent on the trust of all types of stakeholders within an organization—employees, managers, executives, customers, and suppliers. Today, ongoing changes in consumer expectations, human relations in task environment, and technological advancements continue to affect the dynamics of service industry. Ethical conduct, in this sense, has become a major component of doing business. A company’s ethics helps to shape the behaviour of its employees, since leaders at the top of organizations are the key role models for establishing and improving the ethical climate. Employees’ work-related attitudes and behaviours are sensitive to the climate they are engaged. Whether it is for organizational, legal, or personal reasons, ethics cannot be ignored, and this is particularly true for the insurance industry. Recent scandals have demonstrated that unethical behaviour can be costly to the company. The study aims to examine the relation between organizational commitment, unethical culture, and the unethical behaviour of employees and managers working in the insurance industry. A survey was conducted to test these hypotheses. The sample of the survey represents white-collar workers (N = 250) who work in various branches in insurance companies in Istanbul. The findings reveal that there is a positive relation between unethical culture and managerial unethical behaviour and employee unethical behaviour. However, organizational commitment has no effect on employee unethical behaviour, while it affects employees’ unethical behaviour.

Examining Financial Innovation and Performance in Financial Sector: A Comprehensive Review of Emerging Markets

Today, the competitiveness of organizations depends on the adaptation to the changes and moving in line with changing needs and demands of customers. Innovation is a critical determinant of increasing the organizational outcomes in emerging markets as they integrate various types of innovations like product, service, process, organizational, marketing, and financial innovation. Financial innovation has become a major type of innovation in various industries. In this respect, it is critical to apply innovation policy as a part of core business. The purpose of this study is to examine the concept of innovation and to review the given literature of financial innovation and financial performance relationship in financial sector, particularly in emerging markets. The study is intended to contribute to literature by providing a comprehensive review of conceptual relationship between financial innovation and performance.