Confucian traditional culture and corporate digital transformation in China

Yao Chen, Chaoqun Li, Yifan Ding and Shiyong Wang

Finance Research Letters, 2025, vol. 78, issue C

Abstract: This study quantifies the impact of Confucian culture on firm digital transformation using literature and web crawling techniques. It finds that Confucian culture promotes digital transformation by enhancing risk awareness, curbing opportunistic behavior, and increasing technological capital. While it compensates for weaknesses in formal institutions, the influence of foreign cultures may diminish its effects. This research deepens our understanding of Confucian culture's role in decision-making and its economic implications for firms.

Keywords: Confucian Culture; Risk Awareness; Opportunistic Behavior; Technological Capital; Firm Digital Transformation (search for similar items in EconPapers)
JEL-codes: L31 M14 P31 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:78:y:2025:i:c:s1544612325004003

DOI: 10.1016/j.frl.2025.107137

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