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From ancient philosophy to modern governance: Confucian culture shaping low-carbon corporate transformation in China’s listed companies

Author

Listed:
  • Wang, Li
  • Chen, Siyan
  • Wang, Yanan
  • Wu, Yuhan

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.

Suggested Citation

  • Wang, Li & Chen, Siyan & Wang, Yanan & Wu, Yuhan, 2024. "From ancient philosophy to modern governance: Confucian culture shaping low-carbon corporate transformation in China’s listed companies," Journal of Asian Economics, Elsevier, vol. 95(C).
    • Handle: RePEc:eee:asieco:v:95:y:2024:i:c:s1049007824001301
    DOI: 10.1016/j.asieco.2024.101835
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