EVALUATING THE EFFECT OF WISDOM ON CORPORATE MANAGERS’ INTENTIONS TO CONTRIBUTE TO NON-STATE SOCIAL PROTECTION IN THE FUTURE
Keywords:Decision-making, Non-state social protection, Health crisis, Social responsibility, Wisdom, Intentions
Topicality: Management literature largely frames business contributions to a society based on concepts of ‘responsibility’ and ‘business case’. Even though the ‘responsibility’ discourse is considered less effective, experiments on the ‘business case’ did not result in a strong positive intention of corporate managers towards society. The underpinnings of these two concepts are called into question in periods of crisis and uncertainty, where wisdom is especially required for decision-making.
The research aim: This study aims to assess the effects of wisdom on corporate managers’ intentions to contribute to non-state social protection in the future.
Methodology: The authors conducted a survey and mediation analysis of a serial multiple mediation model using Andrew Hayes’s PROCESS Macro as an add-in SPSS.
Findings: The research finds a strong relationship between wisdom and corporate managers’ good intentions and concludes that wise corporate managers have good intentions to contribute to non-state social protection in the future. Wise corporate managers have good intentions towards society.
Novelty: This research pushes the boundaries of SPW theory by empirically showing that wisdom also leads to good intentions. In addition, the study contributes to the scant literature on wise management decision-making and on non-state social protection.
JEL Code: M140
Paper classification: Research paper.
Copyright (c) 2023 Richmond Baah, Tatjana Volkova, Iveta Ludviga
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