{"title":"Clan culture and carbon emission intensity","authors":"Qing He, Tianyu Yao, Liang Guo, Chi Zhang","doi":"10.1111/irfi.70034","DOIUrl":null,"url":null,"abstract":"<p>This study introduces a novel perspective by examining the influence of clan culture on carbon emission intensity (CEI) in Chinese cities. Clan culture, as a traditional social organization, shapes the informal institutions within modern Chinese society. Empirical findings reveal that the strength of clan culture is significantly negatively correlated with local carbon emission intensity, with a one standard deviation increase in clan culture strength corresponding to a 10.21% reduction in CEI. Additionally, we find that clan culture amplifies the effectiveness of environmental regulations, especially after the 2017 green finance reforms and innovation, fostering environmentally conscious behaviors in communities. Our investigation further highlights that clan culture limits carbon-intensive industries, enhances government environmental awareness, improves policy implementation, and promotes green innovation. All these findings highlight the critical role of cultural factors in addressing environmental challenges and advancing sustainable practices.</p>","PeriodicalId":46664,"journal":{"name":"International Review of Finance","volume":"25 3","pages":""},"PeriodicalIF":1.8000,"publicationDate":"2025-07-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Review of Finance","FirstCategoryId":"96","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/irfi.70034","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
引用次数: 0
Abstract
This study introduces a novel perspective by examining the influence of clan culture on carbon emission intensity (CEI) in Chinese cities. Clan culture, as a traditional social organization, shapes the informal institutions within modern Chinese society. Empirical findings reveal that the strength of clan culture is significantly negatively correlated with local carbon emission intensity, with a one standard deviation increase in clan culture strength corresponding to a 10.21% reduction in CEI. Additionally, we find that clan culture amplifies the effectiveness of environmental regulations, especially after the 2017 green finance reforms and innovation, fostering environmentally conscious behaviors in communities. Our investigation further highlights that clan culture limits carbon-intensive industries, enhances government environmental awareness, improves policy implementation, and promotes green innovation. All these findings highlight the critical role of cultural factors in addressing environmental challenges and advancing sustainable practices.
期刊介绍：
The International Review of Finance (IRF) publishes high-quality research on all aspects of financial economics, including traditional areas such as asset pricing, corporate finance, market microstructure, financial intermediation and regulation, financial econometrics, financial engineering and risk management, as well as new areas such as markets and institutions of emerging market economies, especially those in the Asia-Pacific region. In addition, the Letters Section in IRF is a premium outlet of letter-length research in all fields of finance. The length of the articles in the Letters Section is limited to a maximum of eight journal pages.
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