Confucian Culture and Homeownership: Evidence from Chinese Families

Wu, Baiyi; Bian, Wenlong; Xue, Ying; Zhang, Hao

doi:10.1007/s10834-020-09685-w

Cited by 14 publications

(8 citation statements)

References 52 publications

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“…Firstly, Existing studies have explored the positive predictive effect of the heterogeneity of entrepreneurial team on the sustainable development of the organization ( Vo and Nguyen, 2021 ). Existing studies focus on mediating variables involving more static team identity, power distance within the team ( Zhao, 2021 ), team entrepreneurship orientation ( Wu et al, 2021 ), innovation climate ( Gu and Liu, 2021 ), etc. The more dynamic cross-border search behavior in interaction between the organization and the external environment is ignored.…”

Section: Discussionmentioning

confidence: 99%

“…The formation process of organizational resilience is "ironing out" the risks and uncertainties brought by internal and external shocks (Ge et al, 2021;Gu and Liu, 2021;Wu et al, 2021). The focus of organizational resilience research has 10.3389/fpsyg.2022.948708 been shifting with the change in crises (Sappor, 2021).…”

Section: Theoretical Basis and Hypothesismentioning

confidence: 99%

“…within the team (Zhao, 2021), team entrepreneurship orientation (Wu et al, 2021), innovation climate (Gu and Liu, 2021), etc. The more dynamic cross-border search behavior in interaction between the organization and the external environment is ignored.…”

Section: Theoretical Implicationsmentioning

confidence: 99%

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Gentlemen seek harmony but not uniformity: The heterogeneity of entrepreneurial team and organizational resilience

Shan

Xiao-ya

2022

Front. Psychol.

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The purpose of this research is to investigate the association of the heterogeneity of entrepreneurial team with organizational Resilience. In an uncertain environment, whether new ventures can form entrepreneurial resilience at the organizational level in adverse events becomes the key to sustainable development. Based on the theory of heterogeneous advantage and identity characteristics, this manuscript constructed a research framework of “Structure-Behavior-Result” and described the mechanism and boundary conditions of the heterogeneity of entrepreneurial team affecting organizational resilience in detail. The role of Confucian traditional culture as a moderator has also been analyzed. Data has been obtained from 390 entrepreneurs in China. All hypotheses were tested using moderated mediation model. It has been found that the heterogeneity of entrepreneurial team has positive effect on organizational resilience. It has also been discovered that cross-boundary search behavior acted as a partial mediator between the heterogeneity of entrepreneurial team and organizational resilience. The Confucian traditional culture strengthens the relationship between them. The results are helpful in understanding the internal mechanism of the heterogeneity of entrepreneurial team affecting organizational resilience. Theoretical and practical implications have been highlighted and future research suggestions have been provided.

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Section: Discussionmentioning

confidence: 99%

Section: Theoretical Basis and Hypothesismentioning

confidence: 99%

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Gentlemen seek harmony but not uniformity: The heterogeneity of entrepreneurial team and organizational resilience

Shan

Xiao-ya

2022

Front. Psychol.

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“… Huang et al (2020) explores the causes of high homeownership in China from a cultural perspective and constructs an empirical model to show that cultural traditions stemming from patrilineal marriage and the cultural perception of homeownership as a status symbol drive the high homeownership rate of Chinese residents. Based on the 2011 China Household Finance Survey, Wu (2020) examined the impact of Confucian culture on home ownership, and the study showed that household heads with more siblings were more likely to own a house, confirming the interdependence among family members. Currently, housing is the embodiment of culture, representing an important status and bringing various benefits ( Zheng et al, 2016 ).…”

Section: Literature Review and Research Hypothesesmentioning

confidence: 98%

“…Particularly in the Chinese cultural context, housing consumption behavior is not only a commodity-rich behavior, but it is also a socio-culturally distinct behavior. For more than 2,000 years, Confucian culture is the core of Chinese traditional culture and plays a dominant role, and its customary beliefs and values passed down from generation to generation have a subtle and profound impact on the housing consumption decisions of the Chinese public ( Wu et al, 2020 ).…”

Section: Introductionmentioning

confidence: 99%

Renting vs. Owning: Public Stereotypes of Housing Consumption Decision From the Perspective of Confucian Culture: Evidence From Event-Related Potentials

Liu

Cheng

et al. 2022

Front. Psychol.

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The ideas of face consciousness, group conformity, extended family concept, and crisis consciousness in Confucian culture have a subtle and far-reaching impact on housing consumption decision among the Chinese public, forming a housing consumption model of “preferring to own a house rather than rent one.” The poor interaction between the housing rental market and the sales market caused by the shortage of rental demand and irrational purchasing behaviors has led to soaring house prices and imbalance between supply and demand that prevail in major cities in China. To gain a deeper understanding of public cognitive attitude toward decisions on owning and renting a house, this study divided the subjects into high and low impact groups based on the overall Confucian culture and four subdimensions. It attempts to take a cognitive neuroscience approach for assessing public stereotypes of housing consumption decision with different types based on the analysis of event-related potentials (ERPs). The results are as follows. First, overall, there is an obvious implicit stereotype of renting a house and explicit stereotype of owning a house among the public. Second, ERPs data show that descriptions of renting a house with positive adjectives could evoke more significant N400 responses. In other words, in the heuristic system, the public perceive that renting a house is restrictive, stressful, unhappy, and crisis. Data from subjective reports show that, after processing information in the analytic system, the public tend to think that owning a house is self-contained, restful, warm, and comfortable. Third, a more negative stereotype of renting a house exists in the high Confucian culture influence group (HIC) Group than in the low Confucian culture influence group (LIC) Group, and is more inclined to own a home. Fourth, under the Confucian culture sub-dimension, there are differences in housing consumption stereotypes between high and low groups in terms of extended family concept, group conformity, and crisis consciousness. Fifth, the moderating effect analysis found that perceived usefulness, trust in the rental market, and policy perception can be important factors in guiding public housing consumption stereotypes.

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Financial Resilience in China: Conceptual Framework, Risk and Protective Factors, and Empirical Evidence

Liu,

Chen

2023

J Fam Econ Iss

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Confucian Culture and Homeownership: Evidence from Chinese Families

Cited by 14 publications

References 52 publications

Gentlemen seek harmony but not uniformity: The heterogeneity of entrepreneurial team and organizational resilience

Gentlemen seek harmony but not uniformity: The heterogeneity of entrepreneurial team and organizational resilience

Renting vs. Owning: Public Stereotypes of Housing Consumption Decision From the Perspective of Confucian Culture: Evidence From Event-Related Potentials

Financial Resilience in China: Conceptual Framework, Risk and Protective Factors, and Empirical Evidence

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