2021
DOI: 10.1108/cg-05-2021-0189
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Money cannot buy happiness: improving governance in the banking sector through spirituality

Abstract: Purpose A model is proposed to develop happiness in the banking sector based on an improvement in the spirituality of employees. Design/methodology/approach Following the Schwartz’s model for behavioural transformation, a new path has been proposed based on the development of the transcendent vision of work. The data obtained were analysed using the partial least squares-structural equation modeling (SEM) method. Findings Contrary to the widespread idea that happiness is orientated towards the enjoyment of… Show more

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Cited by 13 publications
(9 citation statements)
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References 72 publications
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“…Being surrounded by the natural environment allows contemplation and induces feelings of calmness, contentment, relaxation and peace, further enhancing the experience of happiness (Howell and Passmore, 2013; Zhang et al , 2014). Practising religious and spiritual beliefs instill a feeling of faith and gratefulness (Koffman et al , 2013; Chang et al , 2018; Abdel-Khalek and Singh, 2019; Robina-Ramírez et al , 2021). This further helps our participants in making peace with the past, accepting current life situations and finding meaning in life and being hopeful for the future (Rizvi and Hossain, 2017).…”
Section: Resultsmentioning
confidence: 99%
“…Being surrounded by the natural environment allows contemplation and induces feelings of calmness, contentment, relaxation and peace, further enhancing the experience of happiness (Howell and Passmore, 2013; Zhang et al , 2014). Practising religious and spiritual beliefs instill a feeling of faith and gratefulness (Koffman et al , 2013; Chang et al , 2018; Abdel-Khalek and Singh, 2019; Robina-Ramírez et al , 2021). This further helps our participants in making peace with the past, accepting current life situations and finding meaning in life and being hopeful for the future (Rizvi and Hossain, 2017).…”
Section: Resultsmentioning
confidence: 99%
“…A new concept has been coined: spiritual resources. This new variable can help to combat adversity by exploring the meaning of transcendence at work (Robina-Ramírez et al , 2021).…”
Section: Happiness Management: Key Factors For Sustainability and Org...mentioning
confidence: 99%
“…From an organizational point of view, employees who experience happiness frequently, inside and outside of work, generate favorable results such as higher motivation, involvement and organizational commitment resulting in greater long-term loyalty (Thompson and Bruk-Lee, 2020). Robina-Ramírez et al (2021) understand that quality of life and governance positively influence the happiness of individuals. However, job insecurity and the consequences of the rapid automation of work have a negative effect on the well-being and happiness of individuals (Robina-Ramírez et al , 2020).…”
Section: Home Care Workers At Crossroadsmentioning
confidence: 99%