Synonyms
Aspiration for money; Attitude toward money; Behavior; Behavioral intentions; Business ethics; Greed; Items; Love of money; Meaning of money; Measurement scales; Monetary wisdom; Outcome variables/constructs; Prospect theory; Risk averse; Risk seeking; The dark and bright sides; The have-nots; The haves; The Holy Bible; The Matthew effect; The Parable of the Talent; Theoretical model; The Enron Effect
Introduction
The Matthew effect is a double-edged sword with both the bright and dark sides. The Matthew effect also creates “the haves” and “the have-nots.” As a consequence, the rich get richer; the poor get poorer. On the dark side of the Matthew effect, some CEOs were extremely smart. However, they apply their intelligence to engage in corruption and unethical behaviors. Corruptions destroyed corporations, executives, and employees’ careers. The poor (with intelligence but without wisdom) get poorer. On the bright side, other CEOs promote ethical climate, make employees...
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Tang, T.LP. (2021). Monetary Wisdom: The Matthew Effect in Monetary Wisdom: Intelligence Versus Wisdom. In: Poff, D.C., Michalos, A.C. (eds) Encyclopedia of Business and Professional Ethics. Springer, Cham. https://doi.org/10.1007/978-3-319-23514-1_1206-1
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DOI: https://doi.org/10.1007/978-3-319-23514-1_1206-1
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