Book
Behavioral economics and Monetary Wisdom across 32 cultures: Good apples enjoy a good quality of life in good barrels
| العنوان: | Behavioral economics and Monetary Wisdom across 32 cultures: Good apples enjoy a good quality of life in good barrels |
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| المؤلفون: | Thomas Li-Ping Tang, Toto Sutarso, Mahfooz A. Ansari, Vivien Kim Geok Lim, Thompson Sian Hin Teo, Fernando Arias-Galicia, Ilya E. Garber, Randy Ki-Kwan Chiu, Brigitte Charles-Pauvers, Roberto Luna-Arocas, Peter Vlerick, Adebowale Akande, Michael W. Allen, Abdulqawi Salim Al-Zubaidi, Mark G. Borg, Luigina Canova, Bor-Shiuan Cheng, Rosário Correia, Linzhi Du, Consuelo Garcia De La Torre, Abdul Hamid Safwat Ibrahim, Chin-Kang Jen, Ali Mahdi Kazem, Kilsun Kim, Jian Liang, Eva Malovics, Anna Maria Manganelli, Alice S. Moreira, Richard T. Mpoyi, Obiajulu Anthony Ugochukwu Nnedum, Johnston E. Osagie, AAhad M. Osman-Gani, Mehmet Ferhat Özbek, Francisco José Costa Pereira, Ruja Pholsward, Horia D. Pitariu, Marko Polic, Elisaveta Gjorgji Sardžoska, Petar Skobic, Allen F. Stembridge, Theresa Li-Na Tang, Caroline Urbain, Martina Trontelj, Jingqiu Chen, Ningyu Tang |
| المساهمون: | Thomas Li-Ping Tang (Ed), Li-Ping Tang, Thoma, Sutarso, Toto, Ansari, Mahfooz A., Kim Geok Lim, Vivien, Sian Hin Teo, Thompson, Arias-Galicia, Fernando, Garber, Ilya E., Ki-Kwan Chiu, Randy, Charles-Pauvers, Brigitte, Luna-Arocas, Roberto, Vlerick, Peter, Akande, Adebowale, Allen, Michael W., Salim Al-Zubaidi, Abdulqawi, Borg, Mark G., Canova, Luigina, Cheng, Bor-Shiuan, Correia, Rosário, Du, Linzhi, Garcia De La Torre, Consuelo, Hamid Safwat Ibrahim, Abdul, Jen, Chin-Kang, Mahdi Kazem, Ali, Kim, Kilsun, Liang, Jian, Malovics, Eva, Maria Manganelli, Anna, Moreira, Alice S., Mpoyi, Richard T., Anthony Ugochukwu Nnedum, Obiajulu, Osagie, Johnston E., Osman-Gani, AAhad M., Ferhat Özbek, Mehmet, José Costa Pereira, Francisco, Pholsward, Ruja, Pitariu, Horia D., Polic, Marko, Gjorgji Sardžoska, Elisaveta, Skobic, Petar, Stembridge, Allen F., Li-Na Tang, Theresa, Urbain, Caroline, Trontelj, Martina, Chen, Jingqiu, Tang, Ningyu |
| بيانات النشر: | Elsevier |
| سنة النشر: | 2024 |
| المجموعة: | Padua Research Archive (IRIS - Università degli Studi di Padova) |
| مصطلحات موضوعية: | Affective, Behavioral, Behavioral economic, Cognitive, Corporate ethical value, Corruption perceptions index/CPI, Cross-cultural, Economists/Psychologist, GDP, Global economic pyramid, Happine, Income, International, Monetary Wisdom, Pay and Life Satisfaction, Prospect theory, Reflective/Formative/SEM |
| الوصف: | Monetary Wisdom asserts that individuals apply their deep-rooted values (ardent monetary aspirations) to frame critical concerns in the immediate-proximal and omnibus-distal contexts and strategically maximize expected utility (achieve financial goals) and ultimate serenity (happiness). This study explores the bright side of Monetary Wisdom and behavioral economics, frames money attitude in the context of pay and life satisfaction, and controls money at the micro and individual level (Z income within each country) and the macro and national and global level (GDP per capita). We theorize: Managers with low love of money motive but high stewardship behavior will have high subjective well-being: pay satisfaction and quality of life. Data collected from 6586 managers in 32 cultures across 6 continents support our theory. Interestingly, GDP per capita is related to life satisfaction, but not to pay satisfaction. Individual income is related to both life and pay satisfaction. Neither GDP nor income is related to the Happiness construct (money makes people happy). For the whole sample, low motives, high stewardship behaviors, and high cognitions identify the latent Monetary Wisdom (MW), which, in turn, leads to higher pay satisfaction than life satisfaction. Results of our formative model challenge the notion that motives and cognitions are consistent in predict outcomes. Our theoretical model across three GDP groups (high, medium, and low GDP levels) offers additional innovative discoveries: In high GDP (rich) entities, “high income” not only reduces aspirations—“Rich, Motivator, and Power,” but also promotes stewardship behavior—“Factors Budget, Give/Donate, and Contribute” and cognitive meaning, “Factor Achievement.” After controlling income, we demonstrate the bright side of Monetary Wisdom: Low love of money motive but high stewardship behavior define Monetary Wisdom, which contributes to higher life satisfaction than pay satisfaction. “Good apples enjoy a good quality of life in good barrels”. This notion adds ... |
| نوع الوثيقة: | book part |
| وصف الملف: | ELETTRONICO |
| اللغة: | English |
| Relation: | info:eu-repo/semantics/altIdentifier/isbn/9780443154539; ispartofbook:Monetary Wisdom Monetary Aspirations Impact Decision-Making; firstpage:427; lastpage:454; numberofpages:28; https://hdl.handle.net/11577/3514231 |
| DOI: | 10.1016/B978-0-443-15453-9.00012-7 |
| الاتاحة: | https://hdl.handle.net/11577/3514231 https://doi.org/10.1016/B978-0-443-15453-9.00012-7 |
| رقم الانضمام: | edsbas.BE7221D0 |
| قاعدة البيانات: | BASE |
| DOI: | 10.1016/B978-0-443-15453-9.00012-7 |
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