机构:
Korea Adv Inst Sci & Technol, KAIST Coll Business, 85 Hoegi Ro, Seoul 02455, South KoreaKorea Adv Inst Sci & Technol, KAIST Coll Business, 85 Hoegi Ro, Seoul 02455, South Korea
Lee, Junyong
[1
]
Oh, Frederick Dongchuhl
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机构:
Seoul Natl Univ, SNU Grad Sch Int Studies, 1 Gwanak Ro, Seoul 08826, South KoreaKorea Adv Inst Sci & Technol, KAIST Coll Business, 85 Hoegi Ro, Seoul 02455, South Korea
Oh, Frederick Dongchuhl
[2
]
Shin, Donglim
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机构:
WOORI Finance Res Inst, 7th Floor,48 Sogong Ro, Seoul 04631, South KoreaKorea Adv Inst Sci & Technol, KAIST Coll Business, 85 Hoegi Ro, Seoul 02455, South Korea
Shin, Donglim
[3
]
机构:
[1] Korea Adv Inst Sci & Technol, KAIST Coll Business, 85 Hoegi Ro, Seoul 02455, South Korea
[2] Seoul Natl Univ, SNU Grad Sch Int Studies, 1 Gwanak Ro, Seoul 08826, South Korea
[3] WOORI Finance Res Inst, 7th Floor,48 Sogong Ro, Seoul 04631, South Korea
This study represents the first comprehensive analysis of the role of national religiosity in corporate innovation. Using a PCA method, we divide religiosity into five dimensions: ideological, ritualistic, experiential, intellectual, and consequential. For 1506 firms in 27 countries, we find that the ideological and ritualistic dimensions promote corporate innovation, whereas the experiential, intellectual, and consequential dimensions hinder corporate innovation. Furthermore, religiosity overall has a positive impact on corporate innovation. Finally, we show that the positive effect of religiosity is more pronounced for firms in Judeo-Christian countries. Overall, we provide the first guideline to understand the diverse and comprehensive effects of religion on corporate innovation. (JEL G3, O3, Z12)
机构:
SUNY Albany, Sch Business, Albany, NY 12222 USA
SUNY Albany, Ctr Inst Investment Management, Albany, NY 12222 USASUNY Albany, Sch Business, Albany, NY 12222 USA
Wang, Ying
Zhao, Jing
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机构:
N Carolina State Univ, Poole Coll Management, Dept Business Management, Finance, Raleigh, NC 27695 USASUNY Albany, Sch Business, Albany, NY 12222 USA
机构:
Hong Kong Polytech Univ, Sch Accounting & Finance, Hong Kong, Hong Kong, Peoples R ChinaHong Kong Polytech Univ, Sch Accounting & Finance, Hong Kong, Hong Kong, Peoples R China
Chen, Yangyang
Podolski, Edward J.
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机构:
Deakin Univ, Dept Finance, Geelong, Vic, AustraliaHong Kong Polytech Univ, Sch Accounting & Finance, Hong Kong, Hong Kong, Peoples R China
Podolski, Edward J.
Veeraraghavan, Madhu
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机构:
TA PAI Management Inst, Finance & Strategy Area, Bengaluru, IndiaHong Kong Polytech Univ, Sch Accounting & Finance, Hong Kong, Hong Kong, Peoples R China
机构:
East China Normal Univ, Sch Econ & Management, Shanghai, Peoples R ChinaEast China Normal Univ, Sch Econ & Management, Shanghai, Peoples R China
Li, Chang
Wang, Chu
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机构:
East China Normal Univ, Sch Econ & Management, Shanghai, Peoples R China
China Europe Int Business Sch, Shanghai, Peoples R ChinaEast China Normal Univ, Sch Econ & Management, Shanghai, Peoples R China
Wang, Chu
Xue, Chang
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机构:
Sun Yat Sen Univ, Lingnan Coll, Guangzhou, Peoples R ChinaEast China Normal Univ, Sch Econ & Management, Shanghai, Peoples R China
机构:
George Washington Univ, Dept Org Sci & Commun, 600 21st St, Washington, DC 20037 USAGeorge Washington Univ, Dept Org Sci & Commun, 600 21st St, Washington, DC 20037 USA