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 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...

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...

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...

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...

Abstract: Informal risk-sharing is often cited as a key factor for sustainable poverty alleviation in developing countries, but the lack of implicit contract enforcement remains an important problem. Using data from the China Labor-force Dynamic Survey (CLDS), we find that Confucian culture has...

This paper examines the multi-dimensional effects of Confucianism on corporate innovation in China. Using a sample of firms in high-tech industries during 2011 to 2020, we found that Confucianism restricts corporate innovation output. In particular, the hierarchical social order and masculinity...

This study examines the effect of Confucianism, the most influential traditional culture in China, on employee treatment policies. Using a large sample of data from Chinese listed companies covering 2010 to 2020, we show that employee-friendly practices are positively associated with the...

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 concept of the self and its relation to moral action is complex and subject to varying interpretations, not only between different academic disciplines but also across time and space. This paper presents empirical evidence from a cross-cultural study on the Buddhist and Confucian notions of...

The study proposes the theoretical mechanism of Confucianism influencing auditors' behavior based on the imprint theory and tests the causality of the auditor's Confucian imprint on earnings management. The results reveal that: (1) The auditor's Confucian imprint has a shackle effect on...

A growing body of literature is investigating the social and cultural determinants of household financing activity. This paper examines the impact of traditional culture, specifically Confucian culture in China, on informal household financing at the county level. We find that Confucian culture...

This study investigates the influence of Confucian culture on accounting conservatism. Using a sample of Chinese-listed firms during the period of 2001-2017, our findings reveal that Confucian culture, measured as the number of Confucian temples (schools) within a specific radius around a firm,...

Domestic institutions can be a source of comparative advantage. This paper examines the role of Confucian clan culture, a long-standing institution at the heart of Chinese society, in firm exports. Using a nationally representative survey on private enterprises in China, we find that firms...

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...

A country's culture influences its economic growth, which in turn influences its international position. Confucian heritage appears to be the common factor explaining the rapid economic growth of East Asian countries, including China's meteoric rise in recent years. Ironically, Confucianism has...