Religiosity and Risk: Association of Judeo-Christian Ethicality with a Sustainable Business Environment

Hannah Michelle Russell, Donald L. Ariail, Katherine Taken Smith and Lawrence Murphy Smith ()
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Hannah Michelle Russell: College of Agriculture and Life Sciences, Texas A&M University, College Station, TX 77843, USA
Donald L. Ariail: Coles College of Business, Kennesaw State University, Kennesaw, GA 30144, USA
Katherine Taken Smith: College of Business, Texas A&M University-Corpus Christi, Corpus Christi, TX 78412, USA
Lawrence Murphy Smith: College of Business, Texas A&M University-Corpus Christi, Corpus Christi, TX 78412, USA

JRFM, 2023, vol. 16, issue 9, 1-19

Abstract: Prior research has examined the relationship of religiosity to aspects of business risks, notably, the ethical environment in which business firms operate. Religiosity is connected to economic factors and societal factors. This study examines the relationship of religion-based ethics, specifically Judeo-Christian ethicality, in a country (measured by Judeo-Christian presence as a proportion of the population) to economic freedom, economic activity, gender equality, social progress, and corruption. Modern business firms, in efforts to embrace diversity, accommodate cultural factors such as religiosity, particularly so in multinational operations where diverse religions will be encountered. Findings show that Judeo-Christian ethicality has a positive relationship to factors connected to a society’s sustainable business culture—that is, more economic freedom, higher economic activity, improved gender equality, better social progress, and lower corruption.

Keywords: religiosity; corruption; economic freedom; economic activity; gender equality; social progress (search for similar items in EconPapers)
JEL-codes: C E F2 F3 G (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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