Can Confucianism improve ESG performance?

被引:17
作者
Huang, Qinghua [1 ]
Yuan, Wei [1 ]
Zheng, Chengsi [2 ]
Chen, Kaiming [2 ]
Chen, Xiding [2 ]
Wang, Yi [3 ]
Li, Changke [2 ]
机构
[1] Southwest Univ, Coll Econ & Management, Chongqing 400715, Peoples R China
[2] Wenzhou Business Coll, Sch Finance & Trade, Wenzhou 325035, Peoples R China
[3] Wenzhou Business Coll, Sch Int Studies, Wenzhou 325035, Peoples R China
关键词
Confucianism; ESG; Informal institution; RELIGION;
D O I
10.1016/j.frl.2024.105462
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
While existing literature has demonstrated the significant impact of culture on firm decisionmaking, it remains unclear whether and how cultural factors influence a firm's ESG performance. In this study, we utilize Confucianism as a cultural proxy in the context of China to investigate its effects on ESG performance. We find that Confucianism plays a pivotal role in enhancing ESG performance, demonstrating a consistently positive influence across all three dimensions of ESG. This research provides compelling evidence that Confucianism serves as a valuable intellectual framework that can bolster efforts towards sustainable development.
引用
收藏
页数:8
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