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Cognitive Moral Development and Real Estate Practitioners

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Abstract

In recent years, researchers in many organizational disciplines have begun to approach the study of ethics from a cognitive theoretical framework. This study has investigated the ethical reasoning of real estate practitioners using Kohlberg's cognitive moral development (CMD) approach, a potent theoretical concept with a considerable research literature. Using standardized measures of CMD on groups of Realtors® and controlling for level of education, the results of this study show that real estate practitioners compare favorably with other professional and societal groups. Further, when entered independently CMD was a significant indicator, along with education and experience, of success in real estate.

Suggested Citation

  • George Izzo, 2000. "Cognitive Moral Development and Real Estate Practitioners," Journal of Real Estate Research, American Real Estate Society, vol. 20(1), pages 179-188.
  • Handle: RePEc:jre:issued:v:20:n:1:2000:p:119-140
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    References listed on IDEAS

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    1. Lincoln, Douglas J. & Pressley, Milton M. & Little, Taylor, 1982. "Ethical beliefs and personal values of top level executives," Journal of Business Research, Elsevier, vol. 10(4), pages 475-487, December.
    2. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
    3. Leland, Hayne E & Pyle, David H, 1977. "Informational Asymmetries, Financial Structure, and Financial Intermediation," Journal of Finance, American Finance Association, vol. 32(2), pages 371-387, May.
    4. Ponemon, Lawrence A., 1992. "Ethical reasoning and selection-socialization in accounting," Accounting, Organizations and Society, Elsevier, vol. 17(3-4), pages 239-258.
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    Cited by:

    1. G. Martin Izzo & Barry E. Langford, 2008. "Data analysis with ordinal and interval dependent variables: examples from a study of real estate salespeople," Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 1, pages 103-116, December.

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    JEL classification:

    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services

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