Book
Behavioral economics and monetary wisdom: A cross-level analysis of monetary aspiration, pay (dis)satisfaction, risk perception, and corruption in 32 nations
| العنوان: | Behavioral economics and monetary wisdom: A cross-level analysis of monetary aspiration, pay (dis)satisfaction, risk perception, and corruption in 32 nations |
|---|---|
| المؤلفون: | Thomas Li-Ping Tang, Zhen Li, Mehmet Ferhat Özbek, Vivien Kim Geok Lim, Thompson Sian Hin Teo, Mahfooz A. Ansari, Toto Sutarso, Ilya E. Garber, Randy Ki-Kwan Chiu, Brigitte Charles-Pauvers, Caroline Urbain, Roberto Luna-Arocas, Jingqiu Chen, Ningyu Tang, Theresa Li-Na Tang, Fernando Arias-Galicia, Consuelo Garcia De La Torre, Peter Vlerick, Adebowale Akande, Abdulqawi Salim Al-Zubaidi, Ali Mahdi Kazem, Mark G. Borg, Bor-Shiuan Cheng, Linzhi Du, Abdul Hamid Safwat Ibrahim, Kilsun Kim, Eva Malovics, Richard T. Mpoyi, Obiajulu Anthony Ugochukwu Nnedum, Elisaveta Gjorgji Sardžoska, Michael W. Allen, Rosário Correia, Chin-Kang Jen, Alice S. Moreira, Johnston E. Osagie, AAhad M. Osman-Gani, Ruja Pholsward, Marko Polic, Petar Skobic, Allen F. Stembridge, Luigina Canova, Anna Maria Manganelli, Adrian H. Pitariu, Francisco José Costa Pereira |
| المساهمون: | Thomas Li-Ping Tang (Ed), Li-Ping Tang, Thoma, Li, Zhen, Ferhat Özbek, Mehmet, Kim Geok Lim, Vivien, Sian Hin Teo, Thompson, Ansari, Mahfooz A., Sutarso, Toto, Garber, Ilya E., Ki-Kwan Chiu, Randy, Charles-Pauvers, Brigitte, Urbain, Caroline, Luna-Arocas, Roberto, Chen, Jingqiu, Tang, Ningyu, Li-Na Tang, Theresa, Arias-Galicia, Fernando, Garcia De La Torre, Consuelo, Vlerick, Peter, Akande, Adebowale, Salim Al-Zubaidi, Abdulqawi, Mahdi Kazem, Ali, Borg, Mark G., Cheng, Bor-Shiuan, Du, Linzhi, Hamid Safwat Ibrahim, Abdul, Kim, Kilsun, Malovics, Eva, Mpoyi, Richard T., Anthony Ugochukwu Nnedum, Obiajulu, Gjorgji Sardžoska, Elisaveta, Allen, Michael W., Correia, Rosário, Jen, Chin-Kang, Moreira, Alice S., Osagie, Johnston E., Osman-Gani, AAhad M., Pholsward, Ruja, Polic, Marko, Skobic, Petar, Stembridge, Allen F., Canova, Luigina, Maria Manganelli, Anna, Pitariu, Adrian H., José Costa Pereira, Francisco |
| بيانات النشر: | Elsevier |
| سنة النشر: | 2024 |
| المجموعة: | Padua Research Archive (IRIS - Università degli Studi di Padova) |
| مصطلحات موضوعية: | Attitude, Avaricious monetary aspiration, Behavioral economic, Common method variance, Control, Corruption, Country level, CPI, Cross-cultural, Cross-level analysi, Dishonesty, Environmental context, Equity perception, Gains–losse, Global, Greedy desire, High–low probability of risk, Intention, International, Justice, Level 1, Level 2, Love of money attitude, Measurement invariance, Monetary wisdom, Pay satisfaction–dissatisfaction, Prospect theory, Risk-aversion, Risk-taking, S Curve |
| الوصف: | Corruption involves greed, money, and risky decision-making. We explore the love of money, pay satisfaction, probability of risk, and dishonesty across cultures. Avaricious monetary aspiration breeds unethicality. Prospect theory frames decisions in the gains–losses domain and high–low probability. Pay dissatisfaction (in the losses) excites dishonesty in the name of justice at the individual level. Corruption Perceptions Index, CPI, signals a high–low probability of getting caught for dishonesty at the country level. We theorize: Decision-makers adopt avaricious love of money aspiration as a lens and frame dishonesty in the gains–losses domain (pay satisfaction–dissatisfaction, Level 1) and high–low probability (CPI, Level 2) to maximize expected utility and ultimate serenity. We challenge the myth: Pay satisfaction curbs dishonesty across nations consistently. Cross-level three-dimensional visualization demonstrates (6500 managers in 32 countries across six continents): With high aspiration, pay dissatisfaction excites the highest- (third-highest) avaricious justice-seeking dishonesty in high (medium) CPI nations; pay satisfaction provokes the second-highest avaricious opportunity-seizing dishonesty in low CPI entities—maximizing expected utility. Low aspiration and high pay satisfaction consistently create low dishonesty—achieving ultimate serenity. We expand prospect theory from a micro and individual-level theory to a cross-level theory of monetary wisdom across 32 nations, providing novel insights to business ethics, the environment, and responsibility. |
| 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:215; lastpage:237; numberofpages:23; https://hdl.handle.net/11577/3514261 |
| DOI: | 10.1016/B978-0-443-15453-9.00004-8 |
| الاتاحة: | https://hdl.handle.net/11577/3514261 https://doi.org/10.1016/B978-0-443-15453-9.00004-8 |
| Rights: | info:eu-repo/semantics/closedAccess |
| رقم الانضمام: | edsbas.C305D595 |
| قاعدة البيانات: | BASE |
| DOI: | 10.1016/B978-0-443-15453-9.00004-8 |
|---|