Intelligence Vs. Wisdom: The Love of Money, Machiavellianism, and Unethical Behavior across
College Major and Gender |
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Authors: | Thomas Li-Ping Tang Yuh-Jia Chen |
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Institution: | (1) Department of Management and Marketing, College Of Business, Middle Tennessee State University, P.O. Box 516, Murfreesboro, TN, 37132, U.S.A.;(2) Rinker School of Business, Palm Beach Atlantic University, West Palm Beach, FL, 33416, U.S.A. |
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Abstract: | This research investigates the efficacy of business ethics intervention, tests a theoretical model that the love of money
is directly or indirectly related to propensity to engage in unethical behavior (PUB), and treats college major (business
vs. psychology) and gender (male vs. female) as moderators in multi-group analyses. Results suggested that business students
who received business ethics intervention significantly changed their conceptions of unethical behavior and reduced their
propensity to engage in theft; while psychology students without intervention had no such changes. Therefore, ethics training
had some impacts on business students’ learning and education (intelligence). For our theoretical model, results of the whole
sample (N = 298) revealed that Machiavellianism (measured at Time 1) was a mediator of the relationship between the love of money (measured
at Time 1) and unethical behavior (measured at Time 2) (the Love of Money → Machiavellianism → Unethical Behavior). Further,
this mediating effect existed for business students (n = 198) but not for psychology students (n = 100), for male students (n = 165) but not for female students (n = 133), and for male business students (n = 128) but not for female business students (n = 70). Moreover, when examined alone, the direct effect (the Love of Money → Unethical Behavior) existed for business students
but not for psychology students. We concluded that a short business ethics intervention may have no impact on the issue of
virtue (wisdom).
Thomas Li-Ping Tang (Ph.D., Case Western Reserve University) is a Full Professor of Management in the Department of Management
and Marketing, Jennings A. Jones College of Business at Middle Tennessee State University (MTSU). He has taught Industrial
and Organizational Psychology at National Taiwan University and at MTSU. Professor Tang teaches, has taught, MBA/EMBA courses
in China (Hong Kong and Shanghai), France (Nantes), and Spain (Valencia). He serves, has served, on 6 editorial review boards
and reviews papers for 28 journals. His research interests focus upon compensation, the Love of Money, business ethics, pay
satisfaction, and cross-cultural issues. He has published more than 100 journal articles in top behavior sciences and management
journals (e.g., Journal of Applied Psychology, Personnel Psychology, Human Relations, Journal of Management, Management Research,
Management and Organization Review, Journal of Organizational Behavior, and Journal of Business Ethics.) and presented more
than 190 papers in professional conferences and invited seminars. He was the winner of two Outstanding Research Awards (1991,1999)
and Distinguished International Service Award (1999) at Middle Tennessee State University. He also received the Best Reviewer
Awards from the International Management Division of the Academy of Management in Seattle, WA (2003) and in Philadelphia,
PA (2007).
Yuh-Jia Chen (Ph.D., Columbia University) is an Associate Professor of Business Statistics in the Rinker of School of Business
at Palm Beach Atlantic University, West Palm Beach, FL 33416. He has taught statistics at Middle Tennessee State University
and Teachers College, Columbia University. His research interests lie in money attitude, choice and decision-making, risk-taking
behavior, and compensation. His publications have appeared in behavior sciences and management journals (e.g., Journal of
Behavioral Decision Making, Journal of Business and Psychology, and Journal of Business Ethics). |
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Keywords: | intelligence wisdom love of money Machiavellianism unethical behavior business ethics education college major (business vs psychology) gender moderator |
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