Does religion affect cost stickiness? Evidence from China

Liangyong Wan, Jianyou Ou and Bingxuan Lin

Applied Economics, 2021, vol. 53, issue 32, 3730-3743

Abstract: Using Chinese A-share listed industrial firms between 2009 and 2016, we find that greater religious influence is negatively associated with firm cost stickiness. This negative association is more significant for firms displaying higher agency costs, lower risk aversion, and a higher probability of corruption. Our findings highlight the importance of informal institutions such as religion on corporate behaviours such as cost stickiness.

Date: 2021
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://hdl.handle.net/10.1080/00036846.2021.1885612 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:applec:v:53:y:2021:i:32:p:3730-3743

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEC20

DOI: 10.1080/00036846.2021.1885612

Access Statistics for this article

Applied Economics is currently edited by Anita Phillips

More articles in Applied Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().