Eastern religious culture and corporate ESG rating in China

초록

The study, using A-share listed companies as samples, examines the influence of major Chinese religions (Confucianism, Buddhism, Taoism) on corporate ESG ratings. The research reveals a significant positive correlation between Confucian and Taoist philosophies and corporate ESG, suggesting that religious culture might serve as an alternative mechanism to encourage ESG participation in emerging markets. Additionally, the impact of Buddhism and Taoism on ESG ratings is slightly stronger than that of Confucianism, providing an opportunity for further exploration of cultural influences. The study broadens the scope of corporate social responsibility and offers new insights for global companies practicing ESG. Through comparative analysis of the impact of different religions on corporate ESG, it provides empirical evidence for cross-cultural research and practical guidance for businesses and policymakers. Recognizing the positive influence of religious culture on ESG can aid policymakers in formulating policies for sustainable social progress. Despite limitations, this study offers a novel perspective on how traditional Chinese culture influences corporate ESG ratings, providing valuable insights for businesses and policymakers.

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