Does religious atmosphere promote corporate green innovation performance? Evidence from China
Does religious atmosphere promote corporate green innovation performance? Evidence from China
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DOI：
10.1111/beer.12550
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发表时间：
2023-06
期刊：
影响因子：
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通讯作者：
Maoyan She;Die Hu;Zhiwei Wang;Xuan Zhao
中科院分区：
文献类型：
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作者：
Maoyan She;Die Hu;Zhiwei Wang;Xuan Zhao
绿色创新一直受到学术界和实践界的广泛关注，但宗教作为一种重要的非正式制度因素对绿色创新的影响在现有研究中并未得到充分的探讨。本研究以2008 - 2019年中国上市公司为样本，试图检验宗教氛围与企业绿色创新绩效的关系。实证结果表明，宗教氛围（佛教和道教为一体）可以显著提高企业绿色创新绩效，尤其是高质量的绿色创新。宗教与绿色创新绩效之间的正相关关系被普遍存在的正规制度（即环境监管）所削弱，表明宗教与正规制度之间存在替代效应。我们还发现道教主要支持这些结果，而佛教的影响有限，表明不同宗教之间存在异质效应。我们进一步发现，宗教氛围对绿色创新绩效的正向影响在低治理企业和低污染行业更为显著。本研究有助于研究企业绿色创新的前因和宗教的后果，对宗教在商业实践中的价值具有重要意义。
Green innovation has been attracting much attention from academia and practice, but the influence of religion as an important informal institutional factor has not been fully investigated in existing studies. Taking Chinese listed companies from 2008 to 2019 as a sample, this study attempts to examine the relationship between religious atmosphere and corporate green innovation performance. The empirical results indicate that a religious atmosphere (Buddhism and Taoism as a whole) can significantly improve corporate green innovation performance, particularly high‐quality green innovation. The positive association between religion and green innovation performance is attenuated by pervasive formal institutions (i.e., environmental regulation), indicating that there is a substitutive effect between religion and formal institutions. We also find that Taoism mainly supports these results, while Buddhism has a limited impact, showing that there is a heterogeneous effect between different religions. We further find that the positive impact of religious atmosphere on green innovation performance is more pronounced in low‐governance enterprises and low‐polluting industries. This study contributes to research on the antecedents of corporate green innovation and the consequence of religion, which is of great significance to the value of religion in business practice.