Money’s importance from the religious perspective

Claudiu Herteliu (), Ionel Jianu, Iulia Jianu, Vasile Catalin Bobb, Gurjeet Dhesi, Sebastian Ion Ceptureanu, Eduard Gabriel Ceptureanu and Marcel Ausloos
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Claudiu Herteliu: Bucharest University of Economic Studies
Iulia Jianu: Bucharest University of Economic Studies
Vasile Catalin Bobb: Technical University of Cluj-Napoca
Gurjeet Dhesi: London South Bank University
Sebastian Ion Ceptureanu: Bucharest University of Economic Studies
Eduard Gabriel Ceptureanu: Bucharest University of Economic Studies

Annals of Operations Research, 2021, vol. 299, issue 1, No 18, 375-399

Abstract: Abstract Operational research and finance have natural connections. However, operational research represents a device to be used for catching financial phenomena, and such a device is usually mediated by social norms and corresponding relevant parameters. This paper contributes to this debate by focusing on a particular social norm—namely, religiosity- and its importance to the role of money. Such relationship is here treated under a quantitative perspective. In particular, we provide an econometric-statistic comparison between religion and money importance. The methodological toolkit is tested on high quality empirical data coming from a recent survey of Romanian population involving 842 persons, from the many faiths in the considered country. Specifically, statistical techniques include best fit curves analysis and data cross tabulations are checked using Chi squared test. The distinctions between different religious people beliefs relating to money are discussed. Insights regarding perceptions of different religious denominations are provided. Subsequent effects on entrepreneurship behavior are tested using Logit regression models. Results state that each religion-based segment of population has its own way to understand the importance of money, to promote and to evaluate the power of money, and finally to manage important inter-connections around the money.

Keywords: Quantitative and statistical methods; Regression analysis; Money perception; Money valorization; Religion; Beliefs (search for similar items in EconPapers)
JEL-codes: C44 C46 C50 C83 Z12 Z13 Z19 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (1)

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DOI: 10.1007/s10479-019-03488-5

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