Money's Importance from the religious perspective

Journal article


Dhesi, G., Herteliu, C., Jianu, I., Jianu, J., Bobb, V.C., Ceptureanu, S.I., Ceptureanu, E.G. and Ausloos, M. (2019). Money's Importance from the religious perspective. Annals of Operations Research. https://doi.org/10.1007/s10479-019-03488-5
AuthorsDhesi, G., Herteliu, C., Jianu, I., Jianu, J., Bobb, V.C., Ceptureanu, S.I., Ceptureanu, E.G. and Ausloos, M.
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.

Year2019
JournalAnnals of Operations Research
PublisherSpringer (part of Springer Nature)
ISSN0254-5330
Digital Object Identifier (DOI)https://doi.org/10.1007/s10479-019-03488-5
Publication dates
Online07 Dec 2019
Publication process dates
Accepted21 Nov 2019
Deposited09 Jan 2020
Accepted author manuscript
License
File Access Level
Open
Permalink -

https://openresearch.lsbu.ac.uk/item/88w76

Download files


Accepted author manuscript
Anormoneyandreligion.docx
License: CC BY 4.0
File access level: Open

  • 94
    total views
  • 22
    total downloads
  • 9
    views this month
  • 0
    downloads this month

Export as

Related outputs

Multiscale interplay of higher-order moments between the carbon and energy markets during Phase III of the EU ETS
Dai, X., Xiao, L., Wang, Q. and Dhesi, G. (2021). Multiscale interplay of higher-order moments between the carbon and energy markets during Phase III of the EU ETS. Energy Policy. 156, p. 112428. https://doi.org/10.1016/j.enpol.2021.112428
Influence of blockchain adoption on technology transfer, performance and supply chain integration, exibility and responsiveness. A case study from IT&C medium size enterprises
Cerqueti, R., Ceptureanu, S., Alexandru, A., Popescu, D., Dhesi, G. and Ceptureanu, E. (2021). Influence of blockchain adoption on technology transfer, performance and supply chain integration, exibility and responsiveness. A case study from IT&C medium size enterprises. Studies in Informatics and Control.
Does Death Anxiety Inhibit Product Innovation?An Exploratory Study In Small Manufacturing Companies
Cerqueti, R., Ceptureanu, S.I., Ceptureanu, E.G., Dhesi, G. and Luchian, I. (2021). Does Death Anxiety Inhibit Product Innovation?An Exploratory Study In Small Manufacturing Companies. Economic Computation and Economic Cybernetics Studies and Research. 55 (1/2021), pp. 135-147. https://doi.org/10.24818/18423264/55.1.21.09
Benford's laws tests on S&P500 daily closing values and the corresponding daily log-returns both point to huge non-conformity
Ausloos, M, Ficcadenti, V, Dhesi, G and Shakeel, M (2021). Benford's laws tests on S&P500 daily closing values and the corresponding daily log-returns both point to huge non-conformity. Physica A: Statistical Mechanics and its Applications. 574, pp. 125969-125969. https://doi.org/10.1016/j.physa.2021.125969
Stock Index Futures Trading Impact on Spot Price Volatility. The CSI 300 studied with a TGARCH model
Ausloos, M, Zhang, Y and Dhesi, G (2020). Stock Index Futures Trading Impact on Spot Price Volatility. The CSI 300 studied with a TGARCH model. Expert Systems with Applications. https://doi.org/10.1016/j.eswa.2020.113688
Words ranking and Hirsch index for identifying the core of the hapaxes in political texts
Ficcadenti, V., Cerqueti, R., Ausloos, M. and Dhesi, G. (2020). Words ranking and Hirsch index for identifying the core of the hapaxes in political texts. Journal of Informetrics. 14 (3), pp. 101054-101054. https://doi.org/10.1016/j.joi.2020.101054
Entropic Analysis of Votes Expressed in Italian Elections between 1948 and 2018
Marmani, S., Ficcadenti, V., Kaur, P. and Dhesi, G. (2020). Entropic Analysis of Votes Expressed in Italian Elections between 1948 and 2018. Entropy. 22 (5), pp. 523-523. https://doi.org/10.3390/e22050523
Analysis of Social Media Impact on Opportunity Recognition. A Social Networks and Entrepreneurial Alertness Mixed Approach
Ceptureanu, S., Ceptureanu, E., Cristescu, M. and Dhesi, G. (2020). Analysis of Social Media Impact on Opportunity Recognition. A Social Networks and Entrepreneurial Alertness Mixed Approach. Entropy: international and interdisciplinary journal of entropy and information studies. 22 (3). https://doi.org/10.3390/e22030343
Liquidity transmission and the subprime mortgage crisis: a multivariate GARCH approach
Xiao, L., Dhesi, G., Ceptureanu, E.G., Lin, K., Herteliu, C., Syed, B. and Ceptureanu, S.I. (2020). Liquidity transmission and the subprime mortgage crisis: a multivariate GARCH approach. Soft Computing. 10. https://doi.org/10.1007/s00500-020-04772-4
Duration gap analysis revisited method in order to improve risk management: the case of Chinese commercial bank interest rate risks after interest rate liberalization
Dhesi, G., Ausloos, M., Ma, Q., Kaur, P. and Syed, B. (2019). Duration gap analysis revisited method in order to improve risk management: the case of Chinese commercial bank interest rate risks after interest rate liberalization. Soft Computing. https://doi.org/10.1007/s00500-019-04376-7
Modelling and forecasting the kurtosis and returns distributions of financial markets: irrational fractional Brownian motion model approach
Dhesi, G., Shakeel, B. and Ausloos, M. (2019). Modelling and forecasting the kurtosis and returns distributions of financial markets: irrational fractional Brownian motion model approach. Annals of Operations Research. pp. 1-4. https://doi.org/10.1007/s10479-019-03305-z
Evidence for Gross Domestic Product growth time delay dependence over Foreign Direct Investment. A time-lag dependent correlation study
Dhesi, G, Ausloos, M, Kaur, P and Eskandary, A (2019). Evidence for Gross Domestic Product growth time delay dependence over Foreign Direct Investment. A time-lag dependent correlation study. Physica A: Statistical Mechanics and its Applications. 527. https://doi.org/10.1016/j.physa.2019.121181
Non stationarity of high order return distribution moments and their Irrational fractional Brownian Motion modelling
Dhesi, G (2018). Non stationarity of high order return distribution moments and their Irrational fractional Brownian Motion modelling. EURO 2018. Valencia 08 - 11 Jul 2018
Comparative Causality Analyses between Hydrological Natural Inflow and Climate Variables in Brazil
Huang, X, Macaira, P, Hassani, H, Oliviera, F and Dhesi, G (2018). Comparative Causality Analyses between Hydrological Natural Inflow and Climate Variables in Brazil. Physica A: Statistical Mechanics and its Applications. 516, pp. 480-495. https://doi.org/10.1016/j.physa.2018.09.079
Decomposition of the Inequality of Income distribution by income types- Application for Romania
Andrei, T, Oancea, B, Richmond, P, Dhesi, G and Herteliu, C. (2017). Decomposition of the Inequality of Income distribution by income types- Application for Romania. Entropy. 19 (9), p. 430. https://doi.org/10.3390/e19090430
Modelling and measuring the irrational behaviour of agents in financial markets: Discovering the psychological soliton
Dhesi, G and Ausloos, M (2016). Modelling and measuring the irrational behaviour of agents in financial markets: Discovering the psychological soliton. Chaos, Solitons and Fractals. 88 (July), pp. 119-125. https://doi.org/10.1016/j.chaos.2015.12.015
Modified Brownian Motion Approach to Modelling Returns Distribution
Dhesi, G, Shakeel, MB and Xiao, L (2016). Modified Brownian Motion Approach to Modelling Returns Distribution. Wilmott. 82, pp. 74-77. https://doi.org/10.1002/wilm.10494
Finite size effects in the averaged eigenvalue density of Wigner random-sign real symmetric matrices
Dhesi, G and Ausloos, M (2016). Finite size effects in the averaged eigenvalue density of Wigner random-sign real symmetric matrices. Physical Review E - Statistical, Nonlinear, and Soft Matter Physics. 93 (6). https://doi.org/10.1103/PhysRevE.93.062115