Özet:

Values expressing core beliefs of an organization are trusts, moral and ethical preferences, which constitute organizational culture and lie behind it. These preferences play a critical role in implementation, explanation and interpretation of corporate standards and business rules. When considered from this point of view, ethical values should have been possessed of different characteristic features. While some of them have based on universal values, some part of values may have been able to bring business values, social values or principles of corporate governance to forefront.  Ethical values underlie missions, visions and business philosophies of banks. In this paper, by having idiosyncrasies of ethical values with participation banks analyzed, it has been aimed to put forth it’s common and divergent aspects in comparison to other kinds of bank. In this context, it has been investigated whether the ethical values of the participation banks are different from those of the conventional banks with respect to the capital structures (state, private, foreign) belonging to both bank groups. By examining the basic characteristics of the ethical values belonging to the participation banks in particular, it has been investigated whether their values are different from the values of other banks. Hence, a correlation analysis had been carried out based on ethical value data gathered through corporate web sites of all banks operating in Turkey. Participation banks, which are critical component of Turkish banking system, have a growing importance within the banking system. Since participation banking relies on philosophical foundation of Islamic economy, it prefers different and specific values as well as approach when compared to conventional banks. It has been endeavored to contribute to literature by making an analysis on outlook of ethical values with participation banks operating in Turkey, throughout the paper.

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