Is Confucianism a Panacea for Improving Financial Reporting Quality? Evidence from China

Yalin Lu () and Zhong Ma ()
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Yalin Lu: Beijing Jiaotong University, School of Economics and Management
Zhong Ma: Beijing Jiaotong University, School of Economics and Management

A chapter in Proceedings of the 2023 3rd International Conference on Enterprise Management and Economic Development (ICEMED 2023), 2023, pp 37-43 from Springer

Abstract: Abstract The study breaks the inherent perceptions of Chinese Confucianism and discovers the shackle effect of Confucianism on financial reporting quality. Further analysis suggests that Confucianism intensifies the manipulation of actual business activities. The shackle effect of Confucianism is more prominent in state-owned enterprises, firms with poor internal control, less developed regions and western areas. The complement effect of culture and regulatory mechanism deepens the theoretical understanding of the economic consequences of Confucianism and provides implications for corporate governance in countries with the same cultural background.

Keywords: Chinese Confucianism; financial reporting quality; corporate governance; informal institutions (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-224-8_6

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DOI: 10.2991/978-94-6463-224-8_6

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