ORCID
Lihong Liang: 0000-0003-2526-7126
Document Type
Article
Date
Spring 2024
Language
English
Disciplines
Accounting
Description/Abstract
Although the relationship between Western religiosity and innovation is widely investigated, the effect of Eastern religious traditions on corporate innovation remains unexplored. Using a sample of firms listed in Chinese A-share stock exchanges, we find that firms registered in areas with stronger Eastern religious traditions (Buddhism and Taoism) are generally more innovative than firms registered in areas with weaker Eastern religious traditions. This result suggests that Eastern religiosity promotes rather than stifles corporate innovation. We find additional evidence suggesting that Eastern religiosity promotes corporate innovation mainly through the following three channels: (1) fostering nonexclusivity and openness to science and innovation, (2) mitigating agency conflicts, and (3) nurturing commitment and fortitude.
Recommended Citation
Liang, Lihong; Liu, Siyi; and Zhang, Chunqiu, "Do Eastern Religious Traditions Stifle or Encourage Corporate Innovation? Evidence from China" (2024). Accounting - All Scholarship. 6.
https://surface.syr.edu/acc/6
Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.
