Does Religion Mitigate Tunneling? Evidence from Chinese Buddhism
In the Chinese stock market, controlling shareholders often use inter-corporate loans to expropriate a great amount of cash from listed firms, through a process called “tunneling.” Using a sample of 10,170 firm-year observations from the Chinese stock market for the period of 2001–2010, I examine wh...
| Main Author: | |
|---|---|
| Format: | Electronic Article |
| Language: | English |
| Check availability: | HBZ Gateway |
| Journals Online & Print: | Drawer...
|
| Fernleihe: | Fernleihe für die Fachinformationsdienste |
| Published: |
Springer
2014
|
| In: |
Journal of business ethics
Year: 2014, Volume: 125, Issue: 2, Pages: 299-327 |
| Further subjects: | B
Buddhism
B Business Ethics B Analyst coverage B Buddhism intensity B The controlling shareholder B China B Tunneling B Religion B Confucianism B Culture |
| Online Access: |
Volltext (JSTOR) Volltext (lizenzpflichtig) |
MARC
| LEADER | 00000caa a22000002 4500 | ||
|---|---|---|---|
| 001 | 1785652494 | ||
| 003 | DE-627 | ||
| 005 | 20230710121158.0 | ||
| 007 | cr uuu---uuuuu | ||
| 008 | 220112s2014 xx |||||o 00| ||eng c | ||
| 024 | 7 | |a 10.1007/s10551-013-1917-6 |2 doi | |
| 035 | |a (DE-627)1785652494 | ||
| 035 | |a (DE-599)KXP1785652494 | ||
| 035 | |a (DE-He213)s10551-013-1917-6-e | ||
| 040 | |a DE-627 |b ger |c DE-627 |e rda | ||
| 041 | |a eng | ||
| 084 | |a 1 |a 0 |2 ssgn | ||
| 100 | 1 | |a Du, Xingqiang |e VerfasserIn |4 aut | |
| 109 | |a Du, Xingqiang |a Du Xingqiang |a Du, X. |a Xingqiang, Du | ||
| 245 | 1 | 0 | |a Does Religion Mitigate Tunneling? Evidence from Chinese Buddhism |
| 264 | 1 | |c 2014 | |
| 336 | |a Text |b txt |2 rdacontent | ||
| 337 | |a Computermedien |b c |2 rdamedia | ||
| 338 | |a Online-Ressource |b cr |2 rdacarrier | ||
| 520 | |a In the Chinese stock market, controlling shareholders often use inter-corporate loans to expropriate a great amount of cash from listed firms, through a process called “tunneling.” Using a sample of 10,170 firm-year observations from the Chinese stock market for the period of 2001–2010, I examine whether and how Buddhism, China’s most influential religion, can mitigate tunneling. In particular, using firm-level Buddhism data, measured as the number of Buddhist monasteries within a certain radius around Chinese listed firms’ registered addresses, this study provides strong evidence that Buddhism intensity is significantly negatively associated with tunneling. This finding is consistent with the view that Buddhism has important influence on corporate behavior and can serve as a set of social norms and/or an alternative mechanism to mitigate controlling shareholders’ unethical tunneling behavior. In addition, my findings also reveal that the negative association between Buddhism intensity and tunneling is attenuated for firms that have high analyst coverage. The results are robust to various measures of Buddhism intensity and a variety of sensitivity tests. | ||
| 601 | |a Religion | ||
| 650 | 4 | |a China | |
| 650 | 4 | |a Confucianism | |
| 650 | 4 | |a Culture | |
| 650 | 4 | |a Business Ethics | |
| 650 | 4 | |a Analyst coverage | |
| 650 | 4 | |a The controlling shareholder | |
| 650 | 4 | |a Tunneling | |
| 650 | 4 | |a Buddhism intensity | |
| 650 | 4 | |a Buddhism | |
| 650 | 4 | |a Religion | |
| 773 | 0 | 8 | |i Enthalten in |t Journal of business ethics |d Dordrecht : Springer, 1982 |g 125(2014), 2, Seite 299-327 |h Online-Ressource |w (DE-627)270937129 |w (DE-600)1478688-6 |w (DE-576)121465284 |x 1573-0697 |7 nnns |
| 773 | 1 | 8 | |g volume:125 |g year:2014 |g number:2 |g pages:299-327 |
| 856 | |3 Volltext |u http://www.jstor.org/stable/24033233 |x JSTOR | ||
| 856 | 4 | 0 | |u https://doi.org/10.1007/s10551-013-1917-6 |x Resolving-System |z lizenzpflichtig |3 Volltext |
| 935 | |a mteo | ||
| 951 | |a AR | ||
| ELC | |a 1 | ||
| ITA | |a 1 |t 1 | ||
| LOK | |0 000 xxxxxcx a22 zn 4500 | ||
| LOK | |0 001 4033711384 | ||
| LOK | |0 003 DE-627 | ||
| LOK | |0 004 1785652494 | ||
| LOK | |0 005 20220112043818 | ||
| LOK | |0 008 220112||||||||||||||||ger||||||| | ||
| LOK | |0 035 |a (DE-Tue135)IxTheo#2021-12-30#ADD433992800529D798642DE6EF7BB50DC595B14 | ||
| LOK | |0 040 |a DE-Tue135 |c DE-627 |d DE-Tue135 | ||
| LOK | |0 092 |o n | ||
| LOK | |0 852 |a DE-Tue135 | ||
| LOK | |0 852 1 |9 00 | ||
| LOK | |0 866 |x JSTOR#http://www.jstor.org/stable/24033233 | ||
| LOK | |0 935 |a ixzs |a ixrk |a zota | ||
| ORI | |a SA-MARC-ixtheoa001.raw | ||
| REL | |a 1 | ||
| STA | 0 | 0 | |a China,China,China,China,Southwestern China,Southeastern China,Southern China,Western China,Religion,Religions,Religion,Religion in literature |
| STB | 0 | 0 | |a Religion,Religions,Religion |
| STC | 0 | 0 | |a Religión,Religión,Religión |
| STD | 0 | 0 | |a Religione,Religione,Religione |
| STE | 0 | 0 | |a 宗教,宗教 |
| STF | 0 | 0 | |a 宗教,宗教 |
| STG | 0 | 0 | |a Religião,Religião |
| STH | 0 | 0 | |a Религия (мотив),Религия |
| STI | 0 | 0 | |a Θρησκεία (μοτίβο),Θρησκεία |
| SUB | |a REL | ||
| SYE | 0 | 0 | |a China,Festlandchina,Greater China,Mainland China,Volksrepublik China , Rotchina,Zhongguo,Zhongguo-Diguo,Kaiserreich Zhongguo,Zhongguo,Chung-kuo,Zhonghua-minguo,Chung-hua-min-kuo,China,Zhonghua-Renmin-Gongheguo,Kaiserreich China,China,PRC,Zhongguo,Shinkoku,Chung-hua-jen-min-kung-ho-kuo,Zhonghua,China,Volksrepublik China,Zhongguo,VR China,China,People's Republic of China,Zhong guo,PRC,Zhonghua renmin gongheguo,République populaire de Chine,Chung-kuo kuo min cheng fu,China,Chine,KNR,Zhongguo,Chinese People's Republic,Kytajsʹkaja Narodnaja Respublika,Chinese People’s Republic,Republic of China,Chung-hua min kuo,Chung-kuo , Religion,Mystik,Mythologie |