Religious Culture and Corporate Risk taking

DOI

10.2991/febm-19.2019.43How to use a DOI?

Keywords

religious culture; enterprise risk commitment; corporate investment decision

Abstract

This paper takes Shanghai-Shenzhen A-share listed companies as research samples from 2010-2018, and empirically tests the impact of religious culture on the level of corporate risk-taking. The study found that religious culture is negatively correlated with the level of corporate risk tolerance. The research results of this paper show that the religious culture atmosphere will have a significant impact on the investment decision of the enterprise. The strong religious culture atmosphere will make the investment decision of the enterprise more conservative and may give up some high-risk but expected net present value is positive investment opportunities. The research in this paper enriches and expands the related research on religious culture and enterprise risk commitment, which has certain theoretical and practical significance for us to understand and understand the investment decision of enterprises.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Zhi-qiang Liu
AU  - Nan Ma
PY  - 2019/12
DA  - 2019/12
TI  - Religious Culture and Corporate Risk taking
BT  - Proceedings of the Fourth International Conference on Economic and Business Management (FEBM 2019)
PB  - Atlantis Press
SP  - 170
EP  - 174
SN  - 2352-5428
UR  - https://doi.org/10.2991/febm-19.2019.43
DO  - 10.2991/febm-19.2019.43
ID  - Liu2019/12
ER  -