Empirical analysis reveals corporate misconduct decreases with closer proximity to Confucian temples in Chinese companies, suggesting cultural influences matter.
As an important part of Chinese culture, Confucianism has exerted great influence on all aspects of Chinese society for thousands of years. The research aim of this paper is to explore the influence of Confucianism on corporate misconduct. This paper takes Chinese companies listed in Shanghai and Shenzhen as research objective and uses the relevant data of these companies from 2014 to 2023. The initial data comes from the CSMAR database of Guotai’an. Furthermore, the impact of Confucianism is measured by measuring the number of Confucian temples located within 100 and 200 kilometers of a company’s registered address in this research. The information about Confucian temples comes from CNRDS. This paper presents a theoretical hypothesis and conducts empirical analysis based on the data used in this research. The findings of the research indicate that corporate misconduct has a significant negative correlation with Confucianism, that is, Confucianism can effectively inhibit corporate misconduct. In addition, this study also reveals that the inhibitory effect is less obvious in non-state-owned enterprises.
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Yufei Jin (2025) studied this question.
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