This paper explores how Confucianism influences the altruistic behaviour during family firm successions. Using a sample of Chinese listed family firms which have transferred the power to family successors during 2005-2018, we find that family firms deeply influenced by Confucianism intend to...

This study extends social cognitive career theory (SCCT) by introducing cultural affordances as culturally embedded interpretive frameworks through which individuals make sense of and navigate between distal contextual affordances (e.g., Confucian values) and proximal contextual affordances...

Drawing on practice theory and Confucian ecological philosophy, this paper explores the relationship between Confucianism and corporate climate change awareness. Using a sample of Chinese A-share listed companies, we find that companies more influenced by Confucianism exhibit stronger climate...

Previous studies offer conflicting evidence on whether face consciousness, which is a Confucian cultural value, promotes (or inhibits) the ethical aspects of fashion consumption. Building on the theory of regulatory focus and Confucian virtue ethics, we reconcile this discrepancy by...

Purpose: Following social information processing (SIP) theory, this study enriches existing research on emotional culture and innovative behaviour by introducing the chain mediating role of perspective-taking and knowledge-sharing intentions and the moderating role of Confucian work values....

In this study, we use the data of listed firms in China to investigate the influence of informal institution, namely Confucian culture, on the firms’ participation in the professional division of labor. We find that the stronger the firms are influenced by Confucian culture, firms are more...

Confucianism has a profound impact on Chinese culture. In such an atmosphere with thousands of years of cultural heritage, Chinese enterprises are deeply influenced by Confucianism in the course of their development. This paper takes China 's industrial listed enterprises from 2011 to 2020 as...

We examine how Confucian culture, a cornerstone of traditional Chinese culture that profoundly influences Asian countries, affects hedge funds. Using a sample of 9,120 Chinese hedge funds that cover the period from April 2010 to December 2022, we find that hedge funds with a stronger Confucian...

We investigate the effect of Confucian culture on corporate bond pricing. Using the birthplace data of 56,759 Jinshi in the Ming and Qing dynasties to construct a proxy of Confucian culture, we find a significantly negative relation between Confucian culture and bond pricing: the stronger the...

We examine the impact of Confucian philosophy on external pay gaps, and find that a Confucianist atmosphere is negatively associated with firms' external pay gaps for both executives and employees. Mechanistically, the Confucian concept of "righteousness" reduces the self-interested motivation...

As climate change intensifies, climate risk has become an unavoidable factor in corporate operations and has a significant impact on corporate environmental management activities. This paper takes China's Shanghai and Shenzhen A-share listed companies from 2012 to 2022 as a sample to empirically...

This study reviews the culture and institutions of Confucianism and explores their implications for the trajectory of China's historical development. We trace the origins and evolution of the core elements of Confucianism and synthesize research on its relationship to clan culture, state...

Corporate debt default risk poses significant challenges in the business world, requiring a multifaceted approach for effective mitigation. This study, grounded in an ethical decision-making framework, investigates the influence of Confucian culture on shaping ethical corporate culture and...

This study examines the nexus between Confucianism, the choice of the leadership successor, and firm performance in family firms in China. It provides original evidence that firm founders who are deeply influenced by Confucianism have a higher likelihood of choosing a family member or a...

The cost of equity capital (COEC) is a crucial component of investment decisions and corporate performance evaluations. In the process of corporate financing, an inadequate formal system may lead to the phenomenon of " Bad money drives out good ". While Confucian culture can compensate for the...