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Articles (2017), Academy of Management Learning and Education, 16 (3)

Economics education and value change: The role of program normative homogeneity and peer influence

RACKO G., STRAUSS Karoline , BURCHELL B.

In the light of corporate scandals and the recent financial crisis, there has been an increased interest in the impact of business education on the value orientations of graduates. We explore changes in power, hedonism, and self-direction values in a two-year longitudinal study of economics students (N=197) in a normatively homogeneous and two normatively heterogeneous economics programs. As expected, for students in a normatively homogeneous economics program, interaction with peers was linked with an increase in power and hedonism values, and a decrease in self-direction values.

RACKO, G., STRAUSS, K. and BURCHELL, B. (2017). Economics education and value change: The role of program normative homogeneity and peer influence. Academy of Management Learning and Education, 16(3).