Religious traditions, corporate collaborative culture and ESG performance: Experiences from China

IF 6.9 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-09-29 DOI:10.1016/j.frl.2025.108585

Liangjun Wang, Xin Chen

引用次数: 0

Abstract

While existing research on ESG has predominantly focused on the role of formal institutions—such as laws and regulations—the influence of informal institutions remains underexplored. This study investigates the impact of religious traditions on ESG performance and its underlying mechanisms, using a sample of Chinese A-share listed firms from 2009 to 2020. The results indicate that religious traditions enhance ESG performance by fostering collaborative corporate culture, with Taoism exerting a greater influence on ESG. Furthermore, stringent environmental regulations strengthen this positive relationship, whereas intense product market competition attenuates it. This research highlights the critical influence of informal institutions on corporate sustainability practices, especially in countries with underdeveloped legal systems.

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宗教传统、企业协作文化与ESG绩效：来自中国的经验

虽然现有的ESG研究主要集中在正式制度（如法律和法规）的作用上，但非正式制度的影响仍未得到充分探讨。本研究以2009 - 2020年中国a股上市公司为样本，探讨宗教传统对企业ESG绩效的影响及其潜在机制。研究结果表明，宗教传统通过培养协作型企业文化来提升企业ESG绩效，其中道教对ESG的影响更大。此外，严格的环境法规加强了这种积极的关系，而激烈的产品市场竞争则削弱了这种关系。这项研究强调了非正式制度对公司可持续发展实践的关键影响，特别是在法律制度不发达的国家。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

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