No, shitty parents develop shitty moral compasses. Take your pick about shitty information sources: TV, video games, the internet, trashy magazines/newspapers. If that's where you learn about normalcy, you're going to have a shitty moral compass.
Yes, there are also cases of great parents having shitty kids, parenting is a complicated and messy business. My point is that if you can actually say one source (e.g. video games) is developing a child's moral compass, that's shitty parenting.