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Showing posts from January 26, 2014

Recession's effects leads to cheating and workplace theft

"When people feel financially deprived they are more likely to relax their standards and transgress to improve their financial situation." We like to think we'd stick to our ethical principles no matter what. But when people feel financially deprived -- as many did from losses suffered thanks to the last market and banking meltdown -- they are more likely to relax their moral standards and transgress to improve their financial situation. They are also more likely to judge other deprived moral offenders who do the same more leniently, says a paper to be published in Organizational Behavior and Human Decision Processes this past fall.

"We found that most respondents did not think financial deprivation would lead them to behave immorally," said Nina Ma┼żar, an associate professor of marketing at the University of Toronto's Rotman School of Management and one of the lead researchers of the study. "Yet, once they actually experienced financial deprivation, …