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How Does Religiosity Enhance Risk-taking of Chinese Private Enterprises: Internal Control or Social Supervision?

conference contribution
posted on 2024-05-18, 20:31 authored by Zheyi Zhu

Religious beliefs influence corporate risk-taking through social monitoring. In contrast to previous research findings, using data from Chinese private firms, we find a positive relationship between the level of religious beliefs in the locality and corporate risk-taking. Mechanism analysis further confirms that religious beliefs contribute to the reduction of corporate risk-taking by enhancing internal control mechanisms and fostering charitable behaviour.

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    AMI Conference 2024

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