Academic journal article Journal of Management Research

Ethics in Business: Practices by the Street Hawkers'

Academic journal article Journal of Management Research

Ethics in Business: Practices by the Street Hawkers'

Article excerpt

Abstract

Street markets are one of the most exciting trends in Malaysia's act as an alternative for small-time traders to sell their goods in the evenings. This paper examines the factors behind the unethical business practices by the street hawkers in Malaysia. The research methodology adapted in this research with using a descriptive study from the hawkers of various street markets in Kuala Lumpur area in Malaysia where 150 respondents were surveyed under five traders category for instance pirated CD, shoes, vegetables, food, fish and meat. To test the hypothesis this research utilized multiple regressions. The result shows unethical behavior of street hawkers highly influenced by lack of religious foundation followed by their limited income, greediness, personal biases, lack of integrity. Findings derived from this study would enable the reader to understand the types of unethical practices and reason behind the practices by the street hawkers in Malaysia which was previously unexplored under this area.

Keywords: Street Market; Unethical Business Practice; Kuala Lumpur

1. Introduction

Hawking constitutes the bulk of informal sector activities in Malaysia. With the turn of the century and changes in the socio-economic environment in Malaysia the context of the street markets business in city has changed over the year. Generally, people in Malaysia, particularly in Kuala Lumpur city are very busy and do not seem to have much time to go far away to a luxurious market to purchase necessary products. This research reaffirms the importance of high standards of business conduct in street markets. Each hawker should apply code of ethics with common sense and the attitude of seeking full compliance with the rules presents in society. It is expected by the consumers that hawkers of the street market must perform their business practices and follow ethical behavior which comply the rules those are issued or modified from time to time. Whatever the reasons though, it is clear that standing firm against unethical temptations has been and will continue to be a test confronting every businessperson involved in large or small enterprises (Cooke, 1988; Stoner, 1989; Werner,1992). This research examine why this unethical behavior have taken place in street markets? To answer this research question few possible explanations and testing were conducted which included with (1) greediness, (2) limited income, (3) a lack of religious foundation (4) personal biases, and (5) Lack of integrity. The main Objective of this research is to investigate the factor that leads to the declining ethical practices in street market in Malaysia.

2. Literature Review

A street market is an outdoor market such as traditionally held in a market square in a market town, and are often held only on particular days of the week. Street market was defined by Huang et al, (2009) as a trading place during the evening, where small businesses offered a variety of cheap products and cooked food. Lee et al. (2008) defined Street markets as "street markets operating at street, mainly in urban or suburban areas that generally tend to have more leisure, shopping, and eating areas". The Street markets offered wide range of foods and non-food items usually operate once or twice a week depending on the popularity of the street markets in a specific place. The traders would sell tropical fruits, vegetables, fish, meat, poultry, dairy product, toys, accessories, clothes, or local jungle exotic plants and food that would be peculiar only to the specific areas that they operated. In Malaysia, street market is based on the concept of open-air shopping, where street hawkers or petty traders occupied a designated part of a street to set up their stalls. The designated street, a normally busy one during the day, would be closed offto traffic from early evening until late at street. The area would be transformed into a network of stalls with multi-colored lights for as far as the eye could see. …

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