 From ancient philosophy to modern governance: Confucian culture shaping low-carbon corporate transformation in China’s listed companiesLi Wang, Siyan Chen, Yanan Wang and Yuhan Wu Journal of Asian Economics, 2024, vol. 95, issue C Abstract: Considering the goal of green development, this study examines the role of Confucian culture in low-carbon corporate transformation. This study shows that Confucian culture can effectively promote the low-carbon transformation of companies. The greater the influence of Confucianism on a company, the higher its level of low-carbon transformation is. Confucian culture takes effect in three ways: by improving corporate environmental awareness, by promoting social responsibility, and by strengthening corporate governance. Heterogeneity research shows that state-owned and low-capital-intensity companies, low-competition and high-attention industries, non-low-carbon pilot programs, and low-marketization areas all increase the extent of influence. The findings shed light on the influence of Confucians on low-carbon transformation at the firm level and enrich the ideas surrounding Confucian culture and corporate development. Keywords: Confucian culture; Low-carbon corporate transformation; Corporate internal governance; Corporate social responsibility (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:asieco:v:95:y:2024:i:c:s1049007824001301 DOI: 10.1016/j.asieco.2024.101835 Access Statistics for this article Journal of Asian Economics is currently edited by C. Wiemer More articles in Journal of Asian Economics from Elsevier |
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