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Relationship between the Traditional Buddhist Culture and the Fluctuations of Corporate Performance
School of Management, Jinan University, Guangzhou, China
- 1 School of Management, Jinan University, Guangzhou, China
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Abstract
After the financial crisis and stock price crash, more stakeholders are concerned about the performance of the company. With the rise of religious economics in recent years, the paper selected data from 2006-2016 for listed companies on the A-share main board. The study found that: 1 ) The stronger the traditional Buddhist culture of listed companies is, the smaller the fluctuation of corporate performance is ; 2 ) Compared with state-owned enterprises, the negative impact of traditional Buddhist culture on fluctuations in corporate performance is stronger among non-state-owned enterprises; 3 ) When the company is in a mature period, the Buddhist tradition has a stronger inhibitory effect on corporate performance fluctuations.
KeywordsBuddhist Traditional CultureCorporate Performance FluctuationRisk Aversion
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