Can Confucianism raise enterprise performance? Evidence from Chinese industrial enterprises in Shandong Province
by Hongjun Zhao; Zhonghui Ding
European J. of International Management (EJIM), Vol. 17, No. 2/3, 2022

Abstract: The literature in recent years shows that Confucianism has fostered social trust and has contributed to the East Asian economic miracle and China's economic miracle since 1978. However, few studies have analysed the impact of Confucianism on enterprise performance. Based on a national database of Chinese industrial enterprises in Shandong Province, this study finds that enterprises in a more Confucian environment have lower business costs and tend to have a higher debt ratio, increased trust in their business partners, higher labour productivity and employee wages. However, they tend to pay less tax to the state and have a lower productivity level compared to others. We confirmed many so-called conceptual hypotheses related to the impact of Confucianism using enterprise data for the first time, though there are some limitations in this study.

Online publication date: Fri, 04-Feb-2022

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the European J. of International Management (EJIM):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com