Journal of Business Accounting and Finance Perspectives

(ISSN: 2603-7475) Open Access Journal
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JBAFP 2021, 3(1), 7; doi: 10.35995/jbafp3010007

Cultural Perspectives of Financial and Non-Financial Incentives

1 Department of Economics, National and Kapodistrian University of Athens, 10561 Athens, Greece; (K.K.); (A.M.K.)
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* Author to whom correspondence should be addressed.
Received: 31 Jan 2021 / Revised: 7 Mar 2021 / Accepted: 4 Mar 2021 / Published: 10 Mar 2021
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Abstract

The present paper delineates an explanatory framework for the defining factors of incentives, both financial and nonfinancial, through the theory of human economic action and that of personality traits, which shape human goals and, ultimately, social identity. It is ascertained that three types of variables affect incentives: basic conditions (cultural change, etc.), basic values and needs (tradition, external values, etc.) and the dynamism of social identity, which includes the goals that are set. More specifically, the two basic variables that shape the incentives for human action and imbue dynamism in behavior relate to megalothymia—i.e., the need for acknowledgement of a person’s integrity along with the predisposition to be thought superior to others as well as the aspiration to a certain level of quality in life.
Keywords: culture; financial incentives; non-financial incentives; human economic action
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This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).
CITE
Kafka, K.; Kanzola, A.M.; Petrakis, P.E. Cultural Perspectives of Financial and Non-Financial Incentives. JBAFP 2021, 3, 7.
Kafka K, Kanzola AM, Petrakis PE. Cultural Perspectives of Financial and Non-Financial Incentives. Journal of Business Accounting and Finance Perspectives. 2021; 3(1):7.
Kafka, Kyriaki; Kanzola, Anna Maria; Petrakis, Panagiotis E. 2021. "Cultural Perspectives of Financial and Non-Financial Incentives." JBAFP 3, no. 1: 7.
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