EFFECTS OF THREATS ON ETHICAL BEHAVIOR OF PROFESSIONAL VALUERS IN SRI LANKA

Abstract

Ethical behavior means compliance with the ethical standards. Though there are fundamental standards, unethical behavior may emerge due to many obstructions (threats) arise in property valuation profession. To date, there is no evidence of adequate research on this issue. This paper focus on analyzing the factors affecting on the ethical behavior of valuers over mortgage valuation in Sri Lanka. Based on the quantitative approach the data was collected from 100 professionals. In particular, following factors such as self-interest threat, self-review threat, client conflict threat, advocacy threat, familiarity threat, and intimidation threat were analyzed. Results revealed that, all other tested factors except intimidation threat, influenced the ethical behavior of valuers in mortgage valuation. It is recommended to organize awareness programmes on ethical behavior frequently.