Voice and culture: A prospect theory approach

Voice and culture: A prospect theory approach

The present study examines the congruence of individuals' minimum preferred amounts of voice with the prospect theory value function across nine countries. Accounting for previously ignored minimum preferred amounts of voice and actual voice amounts integral to testing the steepness of gain and...

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Bibliographic Details
Main Authors: PADDOCK, E. Layne, KO, Jaewon, CROPANZANO, Russell, BAGGER, Jessica, EL AKREMI, Assaad, CAMERMAN, Julie, GREGURAS, Gary J., MLADINIC, Antonio, MOLINER, Carolina, NAM, Kidok, TORNBLOM, Kjell, VAN DER BOS, Kees
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2015
Subjects:
organizational justice
prospect theory
decision making
Organizational Behavior and Theory
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/5898
https://doi.org/10.1002/bdm.1834
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Institution: Singapore Management University
Language: English
Description
Summary:The present study examines the congruence of individuals' minimum preferred amounts of voice with the prospect theory value function across nine countries. Accounting for previously ignored minimum preferred amounts of voice and actual voice amounts integral to testing the steepness of gain and loss functions explicated in prospect theory, we use curve fitting to show that ratings of procedural justice fit prospect theory's value function specifically. Further, we investigate the form of this function across nine countries that range in power distance. Results suggest that the form of the value function is congruent with prospect theory, showing an S‐shaped curve that is steeper in the loss than in the gain domain. Further, this pattern is similar across countries. Theoretical and practical implications of these results for both decision making and organizational justice are discussed.

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