CONFUCIAN CULTURE AND GREEN INNOVATION OF ENTERPRISE TECHNOLOGY
Article Sidebar
Main Article Content
บทคัดย่อ
The rapid growth of China's economy often comes at the cost of damaging the ecological environment. To effectively solve the problem of ecological deterioration, it is necessary to rely on technological progress, especially innovation-oriented green technology. Based on the sample of A-share listed companies in Shenzhen and Shanghai from 2008 to 2022, this article manually collected and sorted out Confucian culture data, and empirically tested the impact of Confucian culture on corporate green technology innovation from the perspective of informal institutions. The results show that Confucian culture has a significant effect on corporate green technology innovation. The greater the degree to which a company is influenced by Confucian culture, the higher the level of its green technology innovation. Furthermore, combined with the context of overseas cultural shock, this article also found that overseas cultural shock will weaken the impact of local Confucian traditions on corporate green technology innovation. This article enriches the research on the influencing factors of corporate green technology innovation, supplements the literature on the economic consequences of Confucian culture, and also provides strong support for promoting China's excellent traditional culture.
Article Details
เอกสารอ้างอิง
Bashir, U., & Yu, Y. (2020). Do confucianism and political connections affect stock price crash risk: evidence from Chinese economy?. Applied Economics Letters, 27(7), 569-575.
Cheng, Bo, Pan, Fei, & Wang, Jianling. (2016). Confucian culture, information environment and internal control. Accounting Research, (12), 79-84.
Du, X. (2015). Does Confucianism reduce minority shareholder expropriation? Evidence from China. Journal of Business Ethics, 132, 661-716.
Du, X., Xie, Y., Lai, S., & Zeng, Q. (2022). Confucian culture and accounting conservatism: evidence from China. China Journal of Accounting Studies, 10(4), 549-589.
Ge, Y. , Kong, X. , Dadilabang, G. , & Ho, K. C. . (2021). The effect of confucian culture on household risky asset holdings: using categorical principal component analysis. International Journal of Finance & Economics.
Gu Z.H. (2015). Confucian ethics and agency costs in the context of globalization. Management World (3), 11.;
Li W.L, Xu X.X, & Chen X.C. (2021). Confucian culture and corporate cash holdings: the cultural causes and economic consequences of Chinese companies’ “high cash holdings”. Economic Dynamics, 1, 68-84.
Li, Z., Huang, Z., & Su, Y. (2023). New media environment, environmental regulation and corporate green technology innovation: Evidence from China. Energy Economics, 119, 106545.
Ma G.H, & Xia J.L. (2020). Analysis of multi-agent evolutionary game of green product technology innovation under environmental regulation. Ecological Economy, 36(5), 50-56.
Qi S.Z, Lin Y. & Cui J.B. (2018). Can environmental rights trading market induce green innovation? Evidence based on green patent data of listed companies in my country. Economic Research, 53(12), 129-143.
Wang F.Z, & Chen F.Y. (2018). Board governance, environmental regulation and green technology innovation——An empirical test based on listed companies in my country's heavily polluting industries. Studies in Science of Science, 36(2), 361-369.
Wang X., & Wang Y.. (2021). Research on green credit policy to promote green innovation. Management World, 37(6), 173-188.
Wang Z.Y, Cao Y., & Lin S.L. (2021). The impact characteristics and heterogeneity of environmental regulation on corporate green technology innovation: Based on green patent data of Chinese listed companies. Journal of Science of Science, 39(5), 909-919.
Xu X.X, & Li W.L. (2019). Confucian tradition and corporate innovation: the power of culture. Financial Research, 471(9), 112-130.
Yang X.H, & You D.M (2022). Research on corporate green technology innovation decision-making considering consumer environmental awareness and government subsidies. Chinese Journal of Management Science, 30(9), 263-274.
Ye Y.Y, Peng X.J, & Li N.H. (2020). Signing auditor work pressure, institutional environment and audit quality. Accounting Friends (19), 9. Analects
Yu L.H, Zhang W.G, & Bi Q. (2019). Research on the forced effect of environmental tax on corporate green transformation. Chinese Journal of Population, Resources and Environment, 29(7), 112-120.
Sourafel Girma , Holger Görg & Eric Strobl. (2007). The effects of government grants on plant survival: a micro-econometric analysis. International Journal of Industrial Organization.Kang and Kim, 2020；
Zhao H., & Li W.F. (2022). Research on the impact of Confucian culture on the quality of corporate accounting information. Accounting Friends (11), 8.
Zheng M.N.（2017） Substantive innovation or strategic innovation? —The impact of macro-industrial policies on micro-enterprise innovation. (Doctoral dissertation, Jinan University).
