Religion and corporate innovation

被引:2
|
作者
Lee, Junyong [1 ]
Oh, Frederick Dongchuhl [2 ]
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
关键词
Corporate Innovation; Religiosity; Multidimensionality of Religiosity; Judeo-Christianity; GAMBLING ATTITUDES; AGENCY COSTS; RISK; VALUES; EXPLANATIONS; PREFERENCE; CONFLICT; GENDER; MATTER;
D O I
10.1016/j.mulfin.2023.100833
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
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)
引用
收藏
页数:21
相关论文
共 50 条
  • [31] Creative corporate culture and innovation
    Fiordelisi, Franco
    Renneboog, Luc
    Ricci, Ornella
    Lopes, Saverio Stentella
    JOURNAL OF INTERNATIONAL FINANCIAL MARKETS INSTITUTIONS & MONEY, 2019, 63
  • [32] Female CEOs and corporate innovation
    Prabowo, Ronny
    Setiawan, Doddy
    INTERNATIONAL JOURNAL OF SOCIAL ECONOMICS, 2021, 48 (05) : 709 - 723
  • [33] DESIGN, INNOVATION AND CORPORATE INTEGRATION
    ROTHWELL, R
    WHISTON, TG
    R & D MANAGEMENT, 1990, 20 (03) : 193 - 201
  • [34] RADICAL INNOVATION AND CORPORATE REGENERATION
    UTTERBACK, JM
    RESEARCH-TECHNOLOGY MANAGEMENT, 1994, 37 (04) : 10 - 10
  • [35] Emerging Models for Corporate Innovation
    Euchner, Jim
    RESEARCH-TECHNOLOGY MANAGEMENT, 2016, 59 (01) : 56 - 59
  • [36] Hedge Funds and Corporate Innovation
    Wang, Ying
    Zhao, Jing
    FINANCIAL MANAGEMENT, 2015, 44 (02) : 353 - 385
  • [37] National culture and corporate innovation
    Chen, Yangyang
    Podolski, Edward J.
    Veeraraghavan, Madhu
    PACIFIC-BASIN FINANCE JOURNAL, 2017, 43 : 173 - 187
  • [38] IRS scrutiny and corporate innovation
    Goldman, Nathan
    Lampenius, Niklas
    Radhakrishnan, Suresh
    Stenzel, Arthur
    Feres de Almeida, Jose Elias
    CONTEMPORARY ACCOUNTING RESEARCH, 2024, 41 (01) : 391 - 423
  • [39] Clan culture and corporate innovation
    Li, Chang
    Wang, Chu
    Xue, Chang
    PACIFIC-BASIN FINANCE JOURNAL, 2024, 83
  • [40] Corporate Venturing: Organizing for Innovation
    Mote, Jonathon
    SCIENCE AND PUBLIC POLICY, 2016, 43 (04) : 576 - 578