Monetary Wisdom

Monetary Aspirations Impact Decision-Making

1st Edition - May 16, 2024
Editor: Thomas Li-Ping Tang
Language: English
Paperback ISBN:
9 7 8 - 0 - 4 4 3 - 1 5 4 5 3 - 9
eBook ISBN:
9 7 8 - 0 - 4 4 3 - 1 5 4 5 4 - 6

Globalization creates economic prosperity for citizens around the world. It changes people’s deep-rooted attitudes, values, and behavioral patterns. Editor Thomas Li-Ping Tang… Read more

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Globalization creates economic prosperity for citizens around the world. It changes people’s deep-rooted attitudes, values, and behavioral patterns. Editor Thomas Li-Ping Tang is the first to scientifically capture the meaning of money and coin the contemporary love of money construct. Ardent monetary aspirations involve affective, behavioral, and cognitive subconstructs. Monetary Wisdom: Monetary Aspirations Impact Decision-Making bridges the gaps between behavioral economics, business ethics, decision-making, and the psychology of money. It compiles research from world-renowned experts in 37 countries across 6 continents. This book presents an excellent collection of innovative and multicultural views. Monetary Wisdom investigates how individuals apply monetary aspirations as a lens, frame critical concerns at the proximal and omnibus contexts, and maximize expected utility and ultimate serenity at the individual, organizational, and global levels. The books’ practical implications help readers apply and enjoy these discoveries’ benefits.

Cover image
Title page
Table of Contents
Copyright
Contributors
Acknowledgment and Dedication
Introduction Monetary wisdom: Crafting an inspirational, memorable, and practical theory and telling an interesting story
Monetary Wisdom: A definition
Connecting a rigorous scientific mind and a creative artistic brain
Basic constructs
The theoretical background of money and the meaning of money
Behavioral economics and Monetary Wisdom
Four types of measurement scales
When money talks, everyone listens
Measuring the attitude toward money
Incorporate contextualization
Becoming choice architects and ethical and moral decision-makers
Developing an inspirational, memorable, and practical theory
Time is money
Neural ballet
References
Section A: Money, monetary values, and motivation
Chapter 1 Money is power: The love of money and materialism among Czech university students
Abstract
Acknowledgments
Theory and hypotheses
Method
Results
Discussion
Conclusion
Appendix A
References
Chapter 2 Are you satisfied with your pay when you compare? It depends on your love of money, pay comparison standards, and culture
Abstract
Introduction
Theory and hypotheses
Method
Results
Discussion
Conclusion
References
Section B: Monetary values, temptation, and dark consequences
Chapter 3 Falling or not falling into temptation? Multiple faces of temptation, monetary wisdom, and unethical intentions across genders
Abstract
Acknowledgments
Theory and hypotheses
Method
Results
Discussion
Conclusion
Appendix
References
Chapter 4 Temptation, monetary wisdom (the love of money attitudes), and environmental context on unethical intentions and cheating
Abstract
Acknowledgments
Theory and hypotheses
Discussion
Conclusion
Appendix
References
Chapter 5 Avaricious justice-seeking dishonesty—Aspiration, dissatisfaction, and low transparency incite cheating: The dark side of monetary decision-making
Abstract
Introduction
Theory and hypotheses
Methods
Results
Discussion
Conclusion
References
Chapter 6 Theory of monetary wisdom: Money attitudes predict religious values, making money, making ethical decisions, and making the grade—Academic achievement
Abstract
Acknowledgments
Theory and hypotheses
Methods
Results
Discussion
Conclusion
Appendix
References
Chapter 7 Is the love of money the root of all evils? Income, the love of money, pay satisfaction, commitment, and unethical intentions among Hong Kong professionals
Abstract
Acknowledgments
Theory and hypotheses
Methods
Results
Discussion
Appendix A Items of the love of money scale (LOMS)
References
Chapter 8 Intelligence vs. wisdom: Does ethics intervention enhance learning and virtue? Money, the love of money, Machiavellianism, and dishonesty across majors and genders
Abstract
Acknowledgments
Theory and hypotheses
Moderator
Methods
Discussion
Conclusion
Appendix
References
Chapter 9 Behavioral economics and Monetary Wisdom: The Enron Effect—Love of money, Corporate Ethical Values, Corruption Perceptions Index (CPI), and dishonesty across 31 geopolitical entities
Abstract
Acknowledgments
Theory and hypotheses
Methods
Results
Discussion
Conclusion
References
Chapter 10 Behavioral economics and monetary wisdom: A cross-level analysis of monetary aspiration, pay (dis)satisfaction, risk perception, and corruption in 32 nations
Abstract
Introduction
Theory and hypothesis
Methods
Results
Discussion
Conclusion
References
Section C: Leadership, creativity, and honesty
Chapter 11 Do leader and member perceptions of the LMX excite member creativity? The mediating role of employee positive emotion
Abstract
Acknowledgment
Theoretical background and hypotheses
Methods
Results
Hypothesis testing
Discussion
Conclusion
References
Chapter 12 Love of Money and unethical behavior intentions: Do perceptions of Authentic Supervisors' Personal Integrity and Character (ASPIRE) make a difference?
Abstract
Acknowledgment
Theory and hypotheses
Method
Results
Discussion
Conclusion
Appendix A
References
Chapter 13 Does moral leadership enhance employee creativity? Employee identification with the leader and leader-member exchange (LMX) as two mediators: Discovery from China’s emergent market
Abstract
Acknowledgment
Introduction
Theory and hypotheses
Method
Results
Discussion
Conclusion
Appendix
References
Chapter 14 Do victims of supervisor bullying suffer from poor creativity? Social cognitive and social comparison perspectives
Abstract
Acknowledgments
Theory and hypotheses
Method
Results
Discussion
Conclusion
Compliance with Ethical Standards
References
Chapter 15 Do ethical leaders enhance employee ethical behaviors? Organizational justice and ethical climate as dual mediators and leader moral attentiveness as a moderator: Empirical support from Iraq’s emerging market
Abstract
Introduction
Theory and hypotheses
Method
Results
Discussion
Conclusion
References
Section D: Monetary Wisdom, well-being, global challenges, and implications
Chapter 16 Does interpersonal justice enhance organizational loyalty? A theory of justice, organizational citizenship behavior, and individualism: Testimony from Kyrgyzstan
Abstract
Introduction
Theory and hypotheses
Methods
Results
Discussion
Conclusion
References
Chapter 17 European airline cockpit and cabin crew well-being during the COVID-19 lockdown: Does union satisfaction have a buffering effect on mental health, organizational dehumanization, medication use, and job insecurity?
Abstract
Theory and hypotheses
Method
Results
Discussion
Appendix
References
Chapter 18 The Matthew Effect in Monetary Wisdom
Abstract
Acknowledgment
Introduction
The Matthew Effect in the Holy Bible
What are the meanings of possessions/talents?
The Matthew Effect in scientific research
The Matthew Effect at the individual level
The Matthew Effect at the corporate-industry level
The Matthew Effect at the global level-CSR
Agency theory
Tournament theory
Selected empirical studies on tournament theory
Other management theories
The Matthew Effect in monetary wisdom
Implications
Conclusion
References
Chapter 19 Detecting honest people’s lies in handwriting: The power of the Ten Commandments and internalized ethical values
Abstract
Graphology and handwriting analysis
A theoretical model of communication and detecting lies
The major principles of detecting lies
A case study
Conclusion
References
Chapter 20 Behavioral economics and Monetary Wisdom across 32 cultures: Good apples enjoy a good quality of life in good barrels
Abstract
Acknowledgments
Introduction
Theory and hypotheses
Method
Results
Discussion
Conclusion
References
Chapter 21 Youth materialism and consumer ethics: Gen Z adolescents’ self-concepts (power and self-esteem) as dual mediators and culture (China vs. France) as a moderator
Abstract
Theory and hypotheses
Method
Results
Discussion
Conclusion
References
Chapter 22 Monetary wisdom’s practical implications—Does mindfulness excite ethical intentions via diminished avaricious monetary aspirations? Mindfulness training, timing, and practice
Abstract
Theory and hypotheses
Method
Results
Discussion
Limitations and future research
Conclusion
Appendix
References
Chapter 23 Consumer behavioral economics and monetary wisdom—A penny saved is a penny earned: Monetary intelligence and emotional intelligence impact financial decision-making
Abstract
Acknowledgments
Introduction
Theory and hypotheses
Methods
Results
Discussion
Conclusion
Appendix A
References
Index

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