Can Confucianism improve ESG performance?

被引：12

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

来源：

FINANCE RESEARCH LETTERS | 2024年 / 64卷

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

页数：8

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