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Monetary Intelligence: Money Attitudes—Unethical Intentions, Intrinsic and Extrinsic Job Satisfaction, and Coping Strategies Across Public and Private Sectors in Macedonia

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  • Elisaveta Sardžoska
  • Thomas Tang

Abstract

Research suggests that attitudes guide individuals’ thinking and actions. In this study, we explore the monetary intelligence (MI) construct and investigate the relationships between a formative model of money attitudes involving affective (MI-A), behavioral (MI-B), and cognitive (MI-C) components and several sets of outcome variables—unethical intentions, intrinsic and extrinsic job satisfaction, and coping strategies. Based on 515 managers in the Republic of Macedonia, we test our model for the whole sample and also cross sector (public vs. private) and gender. Managers’ negative stewardship behavior (MI-B) and positive cognitive meaning of money (MI-C) define MI which, in turn, is related to unethical intentions (corruption, theft, and resource abuse). Positive cognition in the public sector and poor stewardship behavior in the private sector contribute to unethical intentions, respectively. Good stewards (MI-B) have higher intrinsic and lower extrinsic job satisfaction, those in the private sector, in particular. Affective motive (MI-A) and stewardship behavior are related to their stronger “approach” coping strategies and weaker “avoidance” coping strategies. Affective motive and stewardship behavior contribute to coping responses for managers in the public and private sectors, respectively. Further, the relationship between stewardship behavior and coping mechanisms exists for females, but not for males. We demonstrate that MI (money smart), a type of social intelligence, allows individuals to monitor their own emotions, behaviors, and cognitions and guides their thinking and actions. Copyright Springer Science+Business Media Dordrecht 2015

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  • Elisaveta Sardžoska & Thomas Tang, 2015. "Monetary Intelligence: Money Attitudes—Unethical Intentions, Intrinsic and Extrinsic Job Satisfaction, and Coping Strategies Across Public and Private Sectors in Macedonia," Journal of Business Ethics, Springer, vol. 130(1), pages 93-115, August.
    • Handle: RePEc:kap:jbuset:v:130:y:2015:i:1:p:93-115
    DOI: 10.1007/s10551-014-2197-5
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    2. Ningyu Tang & Jingqiu Chen & Kaili Zhang & Thomas Li-Ping Tang, 2018. "Monetary Wisdom: How Do Investors Use Love of Money to Frame Stock Volatility and Enhance Stock Happiness?," Journal of Happiness Studies, Springer, vol. 19(6), pages 1831-1862, August.
    3. Lam D. Nguyen & Quan H. M. Tran, 2018. "Working Adults and Personal Business Ethics in South East Asia: a Comparative Study in Thailand and Vietnam," Public Organization Review, Springer, vol. 18(2), pages 159-174, June.
    4. 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, 2018. "Monetary Intelligence and Behavioral Economics Across 32 Cultures: Good Apples Enjoy Good Quality of Life in Good Barrels," Journal of Business Ethics, Springer, vol. 148(4), pages 893-917, April.
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    6. Rizwan Raheem Ahmed & Munwar Hussain Pahi & Shahid Nadeem & Riaz Hussain Soomro & Vishnu Parmar & Fouzia Nasir & Faiz Ahmed, 2023. "How and When Ethics Lead to Organizational Performance: Evidence from South Asian Firms," Sustainability, MDPI, vol. 15(10), pages 1-29, May.
    7. Carolin Baur & Roman Soucek & Ulrich Kühnen & Roy F. Baumeister, 2020. "Unable to Resist the Temptation to Tell the Truth or to Lie for the Organization? Identification Makes the Difference," Journal of Business Ethics, Springer, vol. 167(4), pages 643-662, December.
    8. Yilin Lan & Wanyi Guan & Yunda Qiu & Wankun Hu & Aitao Lu & Yue Wu & Linyu Zhang & Pingfang Song & Lu Wang, 2016. "The Effect of Money Attitude on Money Perception on Size, Number, and Weight," Journal of Social Economics, Research Academy of Social Sciences, vol. 3(4), pages 185-197.
    9. Elodie Gentina & Thomas Li-Ping Tang & Qinxuan Gu, 2018. "Do Parents and Peers Influence Adolescents’ Monetary Intelligence and Consumer Ethics? French and Chinese Adolescents and Behavioral Economics," Journal of Business Ethics, Springer, vol. 151(1), pages 115-140, August.
    10. Mohd Ridwan ABD RAZAK & Enah ALI, 2020. "Interdependence Between Interactional Justice And Job Satisfaction," Management and Marketing Journal, University of Craiova, Faculty of Economics and Business Administration, vol. 0(1), pages 26-39, May.

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