Empirical Analysis of Ethical Behavior within Business Management Practice in Dangote Group

Abstract

Abstract

This empirical study examines ethics within business management practice in Dangote group. This study adopts the quantitative research techniques. The choice for quantitative research was necessitated due to the COVID-19 social distance measure. The data were collected from annual financial reports of Dangote group. The data are the Revenue (REV), Profit After Tax (PAT), Earnings Per Share (EPS) and Corporate Social Responsibility which is the proxy for and ethics. The data are time series in nature and it covers the period of year 2012 to 2019. This period was chosen because it was from the year 2012 that the CRS cost was separated from the administrative expenses in the financial reports. Data were analysed using trend and correlation analyses. The correlation analysis was employed to obtain the simple linear correlation coefficient(r) and the coefficient of determination (R-square). The findings show that 4% of variation in revenue is explained by variation in ethics. No degree of responsiveness exists between Profit after Tax (PAT) and ethics and 1% variation Earnings Per Share (EPS) is explained by variation in ethics. Therefore, the study recommends that Dangote Group Managers, and business owners, should appreciate that in order to win public confidence; they should pay attention to ethical behaviours and practice social responsibility in the work place in order to enhance the management performance.