AUSTRIAN MONEY ATTITUDES IN INTERNATIONAL COMPARISON: A META ANALYSIS
Keywords:
money attitudes, MAS, NEO-FFI, cultural differences
Abstract
The purpose of this article is to compare Austrian results of the Money Attitude Scale test (MAS) to international MAS results. Starting from a literature analysis of the most relevant existing quantitative study results, country specific money attitude characteristics should be identified. Many quantitative studies measuring money attitudes in different parts of the world are available. A widely spread comparison based on results of diverse countries with (money) cultural differences should provide further insight regarding the structure of existing differences, especially from the Austrian perspective. MAS-results are extracted from the existing quantitative studies and analyzed on base of mean values, standard deviations and calculated effect sizes. Major findings indicate the existence of country specific differences: Whereby Austrian money attitudes in comparison to the US and Hungary (Western countries) as well as India and Ghana seem to be relatively similar, major differences are identified in comparison to the Malaysian and Southern African studies.
Downloads
Download data is not yet available.
References
Adelt, P. & Feldmann, B. (2017).Spar- und Anlageentscheidungen älterer Menschen. In L. Fischer, T. Kutsch, & S. Ekkehard (Eds.). Finanzpsychologie (2017, 250–272). Berlin, Boston: Oldenbourg Wissenschaftsverlag.
Bonsu, S. K. (2008).Ghanaian attitudes towards money in consumer culture. International Journal of Consumer Studies, 32(2), 171–178.
Burgess, S. M., Battersby, N., Gebhardt, L. & Steven, A. (2005). Money attitudes and innovative consumer behavior: Hedge funds in South Africa. Advances in Consumer Research, 32, 315–321.
Chi, Y. N. & Banerjee, G. (2013). Empirical analysis of bicultural border college students’ attitudes toward money. Journal of Applied Business and Economics, 14(3), 70–82.
Cohen, J. (2013). Statistical power analysis for the behavioral sciences. Londong: Routledge.
Feldman, F. L. (1957). A new look at the family and its money. Journal of Home Economics, 49(10), 767–772.
Fischer, L., Kutsch, T. & Ekkehard, S. (Eds.) (2017). Finanzpsychologie (Reprint 2017). Berlin, Boston: Oldenbourg Wissenschaftsverlag.
Furnham, A. & Argyle, M. (2013).The psychology of money. Hoboken: Taylor and Francis.
Furnham, A., Kirkcaldy, B. D. & Lynn, R. (1994). National attitudes to competitiveness, money, and work among young people: First, second, and third world differences. Human Relations, 47(1), 119–132.
Furtner, R. (2017). Personality traits and money attitude: A quantitative empirical study or why you invested your capital in mutual funds while your neighbour bought a brand-new Porsche sportscar (Master thesis). Vienna: Vienna University of Economics and Business.
Günther, T. & Detzner, M. (2009).Risikoverhalten von Managern: Ergebnisse empirischer Controllingforschung. CFO aktuell, 3(3), 127.
Harrison, T. S. (1994). Mapping customer segments for personal financial services. International Journal of Bank Marketing, 12(8), 17–25.
Krueger, D. W. (Ed.) (1986). The last taboo. Money as symbol and reality in psychotherapy and psychoanalysis. New York: Brunner/Mazel.
Krueger, D. W. (1986). Money, success, and success phobia. In D. W. Krueger (Ed.). The last taboo. Money as symbol and reality in psychotherapy and psychoanalysis (3–16). New York: Brunner/Mazel.
Lostutter, T. W., Enkema, M., Schwebel, F., Cronce, J. M., Garberson, L. A., Ou, B. & Larimer, M. E. (2019). Doing it for the money: The relationship between gambling and money attitudes among college students. Journal of Gambling Studies, 35(1), 143–153.
Mihály, N., Kovács, É. I., Madarász, I. & Mészáros, A. (2017). Correlations between attitude to money and demographic variables on a sample of university students. Regionalʹnaia Ekonomika, 3(17).
Mohamad, F. S., Hayhoe, C. R.&Goh, L. A. (2006). Attitudes, values and belief towards money: Gender and working sector comparison. Pertanika Journal of Social Sciences and Humanities, 14(2), 121–130.
Moher, D., Shamseer, L., Clarke, M., Ghersi, D., Liberati, A., Petticrew, M. & Stewart, L. A. (2015). Preferred reporting items for systematic review and meta-analysis protocols (PRISMA-P) 2015 statement. Systematicreviews, 4(1), 1.
Müller, H. (1995). Zur Risikobereitschaft privater Geldanleger. Kredit und Kapital, 28(1), 134–160.
Nga, K. H. & Yeoh, K. K. (2015).Affective, social and cognitive antecedents of attitude towards money among undergraduate students: a Malaysian study. Pertanika Journal of Social Sciences & Humanities, 23(1), 161–180.
Resolution Research (2017). Skalentransformator. Available online: from https://www.marktforschung-stuttgart.de/skalentransformator/
Rimple, M., Srikant, M., Naseem, A. & Kumar, M. J. (2015). A study of interaction of materialism and money attitude and its impact on car purchase. Management & Marketing, 10(3), 245–269.
Roberts, J. A. & Jones, E. (2001). Money attitudes, credit card use, and compulsive buying among American college students. Journal of Consumer Affairs, 35(2), 213–240.
Six, B. (2009). Attitudes. In F. Dorsch, H. Häcker, K. H. Stapf, C. Becker-Carus (Eds.): Dorsch psychologisches Wörterbuch (15thed., 247). Bern: Huber.
Taneja, R. M. (2012). Money attitude-an abridgement. Researchers World, 3(3), 94.
Tang, T. L. (1992). The meaning of money revisited. Journal of Organizational Behavior, 13(2), 197–202.
Wärneryd, K. E. (2001). Stock-market psychology: How people value and trade stocks. Cheltenham: Elgar.
Yamauchi, K. T. & Templer, D. J. (1982). The development of a Money Attitude Scale. Journal of Personality Assessment, 46(5), 522–528.
Bonsu, S. K. (2008).Ghanaian attitudes towards money in consumer culture. International Journal of Consumer Studies, 32(2), 171–178.
Burgess, S. M., Battersby, N., Gebhardt, L. & Steven, A. (2005). Money attitudes and innovative consumer behavior: Hedge funds in South Africa. Advances in Consumer Research, 32, 315–321.
Chi, Y. N. & Banerjee, G. (2013). Empirical analysis of bicultural border college students’ attitudes toward money. Journal of Applied Business and Economics, 14(3), 70–82.
Cohen, J. (2013). Statistical power analysis for the behavioral sciences. Londong: Routledge.
Feldman, F. L. (1957). A new look at the family and its money. Journal of Home Economics, 49(10), 767–772.
Fischer, L., Kutsch, T. & Ekkehard, S. (Eds.) (2017). Finanzpsychologie (Reprint 2017). Berlin, Boston: Oldenbourg Wissenschaftsverlag.
Furnham, A. & Argyle, M. (2013).The psychology of money. Hoboken: Taylor and Francis.
Furnham, A., Kirkcaldy, B. D. & Lynn, R. (1994). National attitudes to competitiveness, money, and work among young people: First, second, and third world differences. Human Relations, 47(1), 119–132.
Furtner, R. (2017). Personality traits and money attitude: A quantitative empirical study or why you invested your capital in mutual funds while your neighbour bought a brand-new Porsche sportscar (Master thesis). Vienna: Vienna University of Economics and Business.
Günther, T. & Detzner, M. (2009).Risikoverhalten von Managern: Ergebnisse empirischer Controllingforschung. CFO aktuell, 3(3), 127.
Harrison, T. S. (1994). Mapping customer segments for personal financial services. International Journal of Bank Marketing, 12(8), 17–25.
Krueger, D. W. (Ed.) (1986). The last taboo. Money as symbol and reality in psychotherapy and psychoanalysis. New York: Brunner/Mazel.
Krueger, D. W. (1986). Money, success, and success phobia. In D. W. Krueger (Ed.). The last taboo. Money as symbol and reality in psychotherapy and psychoanalysis (3–16). New York: Brunner/Mazel.
Lostutter, T. W., Enkema, M., Schwebel, F., Cronce, J. M., Garberson, L. A., Ou, B. & Larimer, M. E. (2019). Doing it for the money: The relationship between gambling and money attitudes among college students. Journal of Gambling Studies, 35(1), 143–153.
Mihály, N., Kovács, É. I., Madarász, I. & Mészáros, A. (2017). Correlations between attitude to money and demographic variables on a sample of university students. Regionalʹnaia Ekonomika, 3(17).
Mohamad, F. S., Hayhoe, C. R.&Goh, L. A. (2006). Attitudes, values and belief towards money: Gender and working sector comparison. Pertanika Journal of Social Sciences and Humanities, 14(2), 121–130.
Moher, D., Shamseer, L., Clarke, M., Ghersi, D., Liberati, A., Petticrew, M. & Stewart, L. A. (2015). Preferred reporting items for systematic review and meta-analysis protocols (PRISMA-P) 2015 statement. Systematicreviews, 4(1), 1.
Müller, H. (1995). Zur Risikobereitschaft privater Geldanleger. Kredit und Kapital, 28(1), 134–160.
Nga, K. H. & Yeoh, K. K. (2015).Affective, social and cognitive antecedents of attitude towards money among undergraduate students: a Malaysian study. Pertanika Journal of Social Sciences & Humanities, 23(1), 161–180.
Resolution Research (2017). Skalentransformator. Available online: from https://www.marktforschung-stuttgart.de/skalentransformator/
Rimple, M., Srikant, M., Naseem, A. & Kumar, M. J. (2015). A study of interaction of materialism and money attitude and its impact on car purchase. Management & Marketing, 10(3), 245–269.
Roberts, J. A. & Jones, E. (2001). Money attitudes, credit card use, and compulsive buying among American college students. Journal of Consumer Affairs, 35(2), 213–240.
Six, B. (2009). Attitudes. In F. Dorsch, H. Häcker, K. H. Stapf, C. Becker-Carus (Eds.): Dorsch psychologisches Wörterbuch (15thed., 247). Bern: Huber.
Taneja, R. M. (2012). Money attitude-an abridgement. Researchers World, 3(3), 94.
Tang, T. L. (1992). The meaning of money revisited. Journal of Organizational Behavior, 13(2), 197–202.
Wärneryd, K. E. (2001). Stock-market psychology: How people value and trade stocks. Cheltenham: Elgar.
Yamauchi, K. T. & Templer, D. J. (1982). The development of a Money Attitude Scale. Journal of Personality Assessment, 46(5), 522–528.
Abstract views: 82 PDF Downloads: 65
Published
2022-03-31
How to Cite
Furtner, R., Decker, P., Aufner, A., & Jančíková, E. (2022). AUSTRIAN MONEY ATTITUDES IN INTERNATIONAL COMPARISON: A META ANALYSIS. The EUrASEANs: Journal on Global Socio-Economic Dynamics, (2(33), 7-22. https://doi.org/10.35678/2539-5645.2(33).2022.7-22
Section
Articles
Copyright
The EUrASEANs
International College Suan Sunandha
Rajabhat University, Bangkok, Thailand
