Does <scp>Confucian</scp> culture reduce firms' pollution emissions

Cao, Kairui; Jiang, Weijie; Jin, Laiqun; Zhu, Yuanyuan

doi:10.1002/csr.2664

Cited by 8 publications

(2 citation statements)

References 70 publications

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“…In addition, another branch of literature delves into the notion of guanxi in Confucianism, investigating its impact on auditor independence (Fan & Xu, 2022; Hwang et al, 2009), organizational ethical climate (Lin, 2011), trade credit (Li et al, 2020), and family business succession selection (Chen, Guo, et al, 2021; Chen, Xiao, & Zhao, 2021). Further, several studies examine the impact of Confucianism on corporate social responsibility (Kong et al, 2022), including board gender diversity (Du, 2016), environmental information disclosure (Chao et al, 2023), and pollution emissions (Cao et al, 2024).…”

Section: Institutional Background and Literature Reviewmentioning

confidence: 99%

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Confucianism and employee treatment: Evidence from China

Xu,

Wang

2024

Corp Soc Responsibility Env

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This study examines the effect of Confucianism, an influential cultural belief and ethical philosophy in East Asia, on employee treatment policies within Chinese listed companies from 2010 to 2020. Our key finding is that Confucianism is positively associated with employee‐friendly practices. We further identify three plausible economic channels through which Confucianism shapes employee‐friendly treatment: valuing human‐centric ethics, mitigating managerial myopia, and alleviating agency conflicts. Cross‐sectionally, the documented impact is more prominent for firms operating with weaker union power and those with executives lacking overseas experience. Additionally, employee‐friendly firms exhibit higher employee efficiency, innovation output, and firm value, indicating that investing in employee benefits ultimately translates into better financial performance. Collectively, we shed light on the unique role of cultural norms in fostering employee treatment policies and their consequential effects on organizational value.

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Section: Institutional Background and Literature Reviewmentioning

confidence: 99%

“…Further, several studies examine the impact of Confucianism on corporate social responsibility (Kong et al, 2022), including board gender diversity (Du, 2016), environmental information disclosure (Chao et al, 2023), and pollution emissions (Cao et al, 2024).…”

Section: Confucian Cultural Background and Its Influence On Corporate...mentioning

confidence: 99%

Confucianism and employee treatment: Evidence from China

Xu,

Wang

2024

Corp Soc Responsibility Env

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Exploring the relationship between corporate ESG performance and corporate violation: Based on the fraud triangle theory

Wang,

Chen,

Wang

2024

Corp Soc Responsibility Env

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Enterprises should strive for sustainable development since it is a vital component of the economy. Sustainable development serves as a safeguard against elements that might negatively impact the future development of their companies. This article aims to explore the influence of corporate environmental, social, and governance (ESG) performance on corporate violation using Chinese A‐share listed firms as a sample. We discover that corporate ESG performance considerably discourages corporate violation behavior, reducing the risk of corporate violations. Based on the fraud triangle theory, we also show that corporate ESG performance reduces the opportunity of corporate violations by improving information transparency, reduces the pressure of corporate violations by alleviating financing constraints, and reduces the rationalization of corporate violations by increasing media attention. By examining particular corporate violations, we document that corporate ESG performance is more effective for disclosure violations and general violations in corporate governance. Further analysis shows that corporate ESG performance has a considerable impact on companies in nonstate‐owned and small‐company subsamples. These results add to the literature and provide theoretical insights for governors, regulators, company executives, auditors, and other stakeholders.

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Informal Institution and Tourism Development: Insights From Confucian Culture

Wei,

Yang,

Peng

et al. 2024

Journal of Tourism Research

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As the cornerstone of traditional Chinese culture, Confucian culture significantly shapes personal values and behaviours. This study investigates the impact of Confucian culture on tourism development, from a supply‐side perspective, using a sample of 269 Chinese cities between 2013 and 2019. The baseline results, validated through endogeneity tests and robustness checks, consistently indicate a positive correlation between Confucian culture and regional tourism growth. Utilising a chained multiple mediation model, the study delineates the primary mechanisms, showing that Confucianism bolsters tourism innovation by elevating labour quality and capital investment, thus propelling tourism development. Furthermore, the heterogeneity analysis demonstrates the synergistic effect of Confucian culture with formal institutions in advancing tourism. However, the positive effects of Confucian culture on tourism are attenuated by the effects of other cultures. These findings significantly contribute to the literature and offer valuable managerial implications.

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Does Confucian culture reduce firms' pollution emissions

Cited by 8 publications

References 70 publications

Confucianism and employee treatment: Evidence from China

Confucianism and employee treatment: Evidence from China

Exploring the relationship between corporate ESG performance and corporate violation: Based on the fraud triangle theory

Informal Institution and Tourism Development: Insights From Confucian Culture

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