Does regional culture of integrity impact corporate total factor productivity? Evidence from China

IF 2.5 3区经济学 Q2 ECONOMICS

Managerial and Decision Economics Pub Date : 2024-07-24 DOI:10.1002/mde.4329

Yejin Liu, Jinjing Lu, Chunhua Luo

引用次数: 0

Abstract

This study examined Chinese A-share listed companies in Shanghai and Shenzhen from 2016 to 2020 to explore the relationship between regional culture of integrity (COI) and enterprise total factor productivity (TFP) and the internal mechanism of regional COI on TFP. The findings showed that regional COI is conducive to promotion of TFP. The mechanism test revealed that optimizing the business environment, promoting corporate technological innovation, and reducing transaction costs are three essential mechanisms. Further, the results indicated that the enhancement effect of regional COI on TFP is more significant in non-SOEs and enterprises with high financing constraints.

查看原文本刊更多论文

地区诚信文化是否影响企业全要素生产率？来自中国的证据

本研究以2016-2020年沪深两市A股上市公司为研究对象，探讨区域诚信文化（COI）与企业全要素生产率（TFP）之间的关系，以及区域诚信文化对TFP的内在作用机制。研究结果表明，区域诚信文化有利于促进全要素生产率的提高。机制检验表明，优化营商环境、促进企业技术创新和降低交易成本是三个基本机制。此外，研究结果表明，地区 COI 对全要素生产率的提升作用在非国有企业和融资约束较高的企业中更为显著。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Managerial and Decision Economics Multiple-

CiteScore

1.40

自引率

18.20%

发文量

242

期刊介绍： Managerial and Decision Economics will publish articles applying economic reasoning to managerial decision-making and management strategy.Management strategy concerns practical decisions that managers face about how to compete, how to succeed, and how to organize to achieve their goals. Economic thinking and analysis provides a critical foundation for strategic decision-making across a variety of dimensions. For example, economic insights may help in determining which activities to outsource and which to perfom internally. They can help unravel questions regarding what drives performance differences among firms and what allows these differences to persist. They can contribute to an appreciation of how industries, organizations, and capabilities evolve.