Stockholm School of Economics Asia Working Paper Series
Xunan Feng, Zhi Jin and Anders C. Johansson
How Beliefs Influence Behavior: Confucianism and Innovation in China
Abstract: Previous studies have studied how religious beliefs may
affect economic activity. We extend this literature by examining how
Confucianism is linked to innovative activities at the firm level in China.
We analyze the relationship between Confucianism and several proxies for
inputs and outputs of innovative activities. Our results show that
Confucianism is significantly related to lower levels of innovative
activities regardless of which measure for firm-level innovation we use. We
also find that type of ultimate ownership influences this relationship,
with innovation among state-controlled firms being significantly more
affected by Confucianism. This study thus adds to the understanding of how
traditional belief systems influence behavior at the firm level.
Keywords: Confucianism; Beliefs; Religion; Innovation; R&D; Patents; China; (follow links to similar papers)
JEL-Codes: O30; Z10; (follow links to similar papers)
38 pages, November 16, 2017
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