Effects of Economic Policy Uncertainty on Corporate Investment: Review of Literature and Evidence from Japan

Money and happiness: the income-happiness correlation is higher when income inequality is higher

The Endowment Effect in the Future: How Time Shapes Buying and Selling Prices. Judgement and Decision Making

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Previous research has focused on studying the endowment effect for transactions that take place in the present. Many real-world transactions, however, are delayed into the future (i.e., people agree to buy or sell, but the actual transaction does not materialize until a later time). Here we investigate how transaction timing affects the endowment effect. In 5 studies, we show that the endowment effect systematically increases as transactions are delayed into the future. Specifically, buying prices significantly decrease as the transaction is delayed, while selling prices remain constant, resulting in an amplified endowment effect (Experiment 1). This pattern is not produced by a discounting of the money involved in the transaction (Experiment 2), and it holds across different types of items (Experiment 3). We also show that the phenomenon cannot be explained by sellers anticipating becoming increasingly attached to the items over time (Experiment 4). Finally, we demonstrate that this increased endowment effect in the future holds in the field, in the context of a real market and with real transactions (Experiment 5).

The impact of gender-role-orientations on subjective career success: A multilevel study of 36 societies. Journal of Vocational Behavior

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We investigate the relationships between gender-role-orientation (i.e., androgynous, masculine, feminine and undifferentiated) and subjective career success among business professionals from 36 societies. Drawing on the resource management perspective, we predict that androgynous individuals will report the highest subjective career success, followed by masculine, feminine, and undifferentiated individuals. We also postulate that meso-organizational culture and macro-societal values will have moderating effects on gender role's impact on subjective career success. The results of our hierarchical linear models support the hypothesized hierarchy of the relationships between gender-role-orientations and subjective career success. However, we found that ethical achievement values at the societal culture level was the only variable that had a positive moderating impact on the relationship between feminine orientation and subjective career success. Thus, our findings of minimal moderation effect suggest that meso- and macro-level environments may not play a significant role in determining an individual's perception of career success.

The role of brand coolness in the masstige co-branding of luxuary and mass brands. Journal of Business Research 149 (2022) pp.240-249

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Masstige marketing could be attractive to luxury brands to reach a wider market, though success is difficult. This study proposes co-branding as an alternative strategy for luxury brands to achieve masstige. Luxury brands can ally with mass brands to leverage their strength in mass marketing. Because luxury and mass are conceptually opposing ideas, co-branding between the two can be difficult. However, this study identifies brand coolness as a key attribute to create perceived fit between luxury and mass brands. The results show that brand coolness of mass brand affects perceived fit, which impacts attitude toward the co-branded product and its purchase intention. Additionally, self-brand connection with the luxury brand moderates this effect, and product category involvement negatively impacts perceived fit. The results have implications for brand managers who wish to select partners for masstige co-branding. The article concludes by proposing methods to create congruence among opposing brand concepts.

The Antecedents and Consequences of Workaholism: Findings From the Modern Japanese Labor Market. Frontiers in Psychology 2022 Volume 13 Article 812821

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The present study examined the direct and indirect (via workaholism) relationships between competitive work environments and subjective unhealthiness. It also examined the effects of adjusting for cognitive distortions in the relationship between a competitive work environment and subjective unhealthiness and between a competitive work environment and workaholism. Data were collected from 9,716 workers in various industries, occupations, and positions. The results show that competitive work environments were positively related to subjective unhealthiness, both directly and through workaholism. Furthermore, cognitive distortions moderated the positive effect between a competitive work environment and workaholism, and the positive relationship was stronger when cognitive distortions were high (as compared to low). This study has important and practical implications for companies that are increasingly concerned about the health of their employees.

The Cultural Variance Model of Organizational Shame and its Implications on Health and Well-Being. Japanese Psychological Research. Volume 64, Issue 2 April 2022 pp,244-266

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Drawing on various studies, we provide a holistic view incorporating different nested cultural contexts, organizational shame, and health outcomes. We introduce the concept of organizational shame and explain its two key domains: conformity and status/competition. Then, we comprehensively review prior studies on cultural approaches to shame and propose our cultural variance model of organizational shame. Our model illustrates an equilibrium, exhibiting dominant and stable patterns of shame domains formed by reinforcing relationships among three key nested contextual layers: individuals (workers), organizations (firms), and the labor market. We apply our model to discuss general and occupational implications and outline future research directions. Thus, we hope to conceptualize organizational shame within the dynamic contexts of organizations and cultures.