The Effect of the Belief in Free Market Ideology on Redressing Corporate Injustice

Principal Investigator(s):  View help for Principal Investigator(s) Peter Kardos; Bernhard Leidner; László Zsolnai; Emanuele Castano

Version:  View help for Version V1

Name File Type Size Last Modified
Microsoft Word - Pilot Study – Study Materials.docx application/pdf 89.3 KB 06/01/2016 10:24:AM
Microsoft Word - Study 1 – Study materials.docx application/pdf 79.8 KB 06/01/2016 10:24:AM
Microsoft Word - Study 3 – Study materials.docx application/pdf 102.5 KB 06/01/2016 10:24:AM
Microsoft Word - Study materials – Study 2.docx application/pdf 91.9 KB 06/01/2016 10:24:AM
Pilot_data text/plain 41.1 KB 06/01/2016 10:24:AM
Study 2_data text/plain 84.3 KB 06/01/2016 10:24:AM
Study_1_data text/plain 41.5 KB 06/01/2016 10:24:AM
Study_3_data text/plain 77.2 KB 06/01/2016 10:24:AM

Project Citation: 

Kardos, P., Leidner, B., Zsolnai, L., & Castano, E. (2016). The Effect of the Belief in Free Market Ideology on Redressing Corporate Injustice [Data set]. Inter-university Consortium for Political and Social Research [distributor]. https://doi.org/10.3886/E73556V1

Project Description

Summary:  View help for Summary Many people in the major Western economies (e.g., U.S., UK, Germany) subscribe to free market ideology (FMI), which claims that institutional oversight of the market is unnecessary for public reaction can force corporations to regulate their own behavior. The question then becomes how people’s belief in FMI affects their reactions to corporate transgressions. Given its ingroup-centered values, we hypothesized that FMI beliefs would bias reactions to corporate transgressions. We report results of a pilot study showing that FMI beliefs are predicted by selfishness, tradition, conformity, and lack of universalism. We then report three experiments, which showed that stronger FMI beliefs predict weaker demands to redress corporate injustices committed by ingroup (but not outgroup) corporations (Study 1-3), especially when victims of corporate wrongdoings belong to an outgroup (rather than the ingroup; Study 3). The findings inform our conceptual understanding of FMI and give insights about its implications for market justice.

Scope of Project

Subject Terms:  View help for Subject Terms ingroup bias; corporate transgression; free market ideology; justice demand
Geographic Coverage:  View help for Geographic Coverage United States


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V1 [2016-06-01]

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