Does Religion Affect the Materialism of Consumers? An Empirical Investigation of Buddhist Ethics and the Resistance of the Self

Pace, Stefano

doi:10.1007/s10551-012-1228-3

Cited by 122 publications

(136 citation statements)

References 53 publications

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“…Du (2013a, b) argues that religion plays an important role in shaping business ethics. Also, religion is regarded as a potential source of ethical norms to affect individual behaviors (Conroy and Emerson 2004;Longenecker et al 2004;Pace 2013). Recently, there is growing strand of work that investigates the impact of religion on corporate governance and corporate decision (e.g., Chen et al 2013;Du 2013a, b;Dyreng et al 2012;El Ghoul et al 2012;Grullon et al 2010;Hilary and Hui 2009;Matoussi and Jardak 2012;McGuire et al 2012;etc.).…”

Section: Introductionmentioning

confidence: 99%

Does Religion Mitigate Earnings Management? Evidence from China

et al. 2014

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Using a sample of 11,357 firm-year observations from the Chinese stock market for the period of 2001-2011, we investigate whether and how religion can mitigate earnings management. Specifically, based on geographic-proximity-based religion variables, we provide strong and robust evidence to show that religion is significantly negatively associated with the extent of earnings management, suggesting that religion can serve as a set of social norms to mitigate corporate unethical behavior such as earnings management. Our findings also reveal that the negative association between religion and earnings management is less pronounced for firms with closer distance to the regulatory centers than for their counterparts, implying the substitutive effects between religion and the distance to regulators (the proxy for regulatory intensity) on mitigating earnings management. The above results are robust to different measures of earnings management, various religion variables, and a variety of sensitivity tests.

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Section: Introductionmentioning

confidence: 99%

Does Religion Mitigate Earnings Management? Evidence from China

et al. 2014

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“…However, the US group in our study also demonstrated a stronger emphasis on transcendental collective-oriented values than the Chinese, Indian, and Thai samples. Transcendental values center on the religious and spiritual embodiment of the collective, but also promote resistance and resilience from materialistic pursuits (Cleveland & Chang, 2009;Pace, 2013). Such anti-materialism ideology is likely to incite a sense of value conflict among those who seek to balance materialistic and collectivistic priorities.…”

Section: Discussionmentioning

confidence: 99%

“…China is part of the Confucian-influenced cluster (alongside Singapore, Japan, and South Korea) that centers around social hierarchy, observance of standardized rituals, and collective harmony (Chung, Eichenseher, & Taniguchi, 2007;Ronen & Shenkar, 2013;Schwartz, 1990). Thailand shares these Confucian traditions, but their collective ideals are also shaped largely by Buddhism, which advocates compassion and loving kindness (Pace, 2013). As such, Thailand is distinctively categorized into the Far Eastern cultural cluster (alongside Indonesia and Malaysia).…”

Section: Samplementioning

confidence: 99%

Asia’s materialists: Reconciling collectivism and materialism

2017

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Materialism has an ugly face. The dominant view of materialism regards materialists as self-prioritizing individuals who oppose collective and prosocial goals in favor of a lifestyle led by money, possessions, and status. The present research argues that there is a side of materialism that is concerned with collective-oriented interests. We examine the nature and consequences of collective-oriented materialism -the belief system that ascribes importance to possessions for their symbolic and signaling capacities to construct desirable social attributes. Drawing from cultural and consumer theories, we find considerable support that materialists espouse a collective-oriented quality to an otherwise self-oriented interest towards possessions.

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“…Shaw and Thomson [11] similarly contend that spiritual values are a critical factor for ethical consumption. Pace [12] examines the effects of Buddhist ethics on materialism and finds negative correlation between two variables. These studies indicate that consumers with spiritual values are likely to be sensitive toward social/environmental problems and critical of excesses of life served by hegemonic powers of capitalism.…”

Section: A Anti-capitalist and Reformist Spiritualtiesmentioning

confidence: 99%

4P's and 1C of New Age Spirituality: A Holistic Marketing Review

Başci¹

2015

IJSSH

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Abstract-The transformation of consumers' inner worlds through social and political factors has caused a new type of market to emerge, naturally attracting the attention of marketers over the past years. Motivated by neoliberal economic policies of our time, companies conceive spirituality as a wonder product that is sellable with high profits. In this study, the under-researched concept of contemporary spirituality, which is also called new age spirituality, is reviewed from marketing perspective. The literature research conducted on the subject, in result, draws clear boundaries of the marketing mix for new age spirituality and portrays who the spiritual consumer is. The typical spiritual consumer is appeared to be middle to high age, affluent, high-educated female who is seeking the Truth without belonging to any institutional religion.Index Terms-Contemporary spirituality, marketing, new age spirituality, spirituality.

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Does Religion Affect the Materialism of Consumers? An Empirical Investigation of Buddhist Ethics and the Resistance of the Self

Cited by 122 publications

References 53 publications

Does Religion Mitigate Earnings Management? Evidence from China

Does Religion Mitigate Earnings Management? Evidence from China

Asia’s materialists: Reconciling collectivism and materialism

4P's and 1C of New Age Spirituality: A Holistic Marketing Review

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