BUSINESS STUDENTS’ LOVE OF MONEY AND SOME PSYCHOLOGICAL DETERMINANTS

Rafik Z. Elias California State University, Los Angeles 

ABSTRACT

The love of money variable has recently received extensive coverage in the business and psychology literature. It has been associated with a variety of outcomes such as ethical perception and job satisfaction. The current study investigates business students’ love of money and its potential determinants. Business students in two universities were classified as money worshippers, money admirers or money repellents. Money worshippers tended to be more individualists and exhibited a high level of Protestant work ethic. On the other hand, money repellents were more collectivists and exhibited lower levels of Protestant work ethic. There was also a significant relationship between individualism/collectivism and the Protestant work ethic where individualists had a higher work ethic. The results are important to future employers as they attempt to hire the best available talent.