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Hoarding and Opportunistic Behavior During Covid-19 Pandemics: A Conceptual Model of Non-Ethical Behavior

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  • Zilola Sobirova

    (History Department, Fergana State University, Fergana, Uzbekistan)

Abstract

Self-interest, selfishness and greed are some of the most negative personality traits. Greedy individuals often engage in unethical behaviors regardless of the existing legal regulations and moral imperatives. During the pandemic of COVID-19 individuals are engaging in behaviors that can be characterized as deceptive and unethical, such as hoarding of products and profiteering. The current study discusses a thesis that greed is a driver of unethical behavior and examines hoarding of products and profiteering in the greed-unethical behavior context. The conclusions suggest that greed and opportunism are critical factors behind humans behaving self-interestedly and engaging in hoarding and profiteering behavior. The current study contributes to the understanding of human behavior, particularly unethical behavior, and provides insight into the effects of the COVID-19 crisis in terms of the individual actions of hoarding products and profiteering by selling scarce products with a considerable profit margin.

Suggested Citation

  • Zilola Sobirova, 2020. "Hoarding and Opportunistic Behavior During Covid-19 Pandemics: A Conceptual Model of Non-Ethical Behavior," International Journal of Management Science and Business Administration, Inovatus Services Ltd., vol. 6(4), pages 22-29, May.
    • Handle: RePEc:mgs:ijmsba:v:6:y:2020:i:4:p:22-29
    DOI: 10.18775/ijmsba.1849-5664-5419.2014.64.1002
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    References listed on IDEAS

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    1. Ernst Fehr & Klaus M. Schmidt, 1999. "A Theory of Fairness, Competition, and Cooperation," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 114(3), pages 817-868.
    2. Gino, Francesca & Pierce, Lamar, 2009. "The abundance effect: Unethical behavior in the presence of wealth," Organizational Behavior and Human Decision Processes, Elsevier, vol. 109(2), pages 142-155, July.
    3. Gneezy, Uri & Saccardo, Silvia & van Veldhuizen, Roel, 2016. "Bribery: Greed versus reciprocity," Discussion Papers, Research Unit: Market Behavior SP II 2016-203, WZB Berlin Social Science Center.
    4. Kouchaki, Maryam & Smith-Crowe, Kristin & Brief, Arthur P. & Sousa, Carlos, 2013. "Seeing green: Mere exposure to money triggers a business decision frame and unethical outcomes," Organizational Behavior and Human Decision Processes, Elsevier, vol. 121(1), pages 53-61.
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    RePEc Biblio mentions

    As found on the RePEc Biblio, the curated bibliography for Economics:
    1. > Economics of Welfare > Health Economics > Economics of Pandemics > Specific pandemics > Covid-19 > Economic consequences > Consumption > Hoarding

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    Cited by:

    1. Eduardo Marone & Martin Bohle, 2020. "Geoethics for Nudging Human Practices in Times of Pandemics," Sustainability, MDPI, vol. 12(18), pages 1-15, September.
    2. Nashwan M. A. Saif & Jianping Ruan & Bojan Obrenovic, 2021. "Sustaining Trade during COVID-19 Pandemic: Establishing a Conceptual Model Including COVID-19 Impact," Sustainability, MDPI, vol. 13(10), pages 1-20, May.

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    More about this item

    Keywords

    COVID-19 behavior; In-store hoarding; Profiteering during crisis; Opportunistic behaviors; Unethical behaviors;
    All these keywords.

    JEL classification:

    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General

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