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

DOI

10.2991/978-94-6463-224-8_6How to use a DOI?

Keywords

Chinese Confucianism; financial reporting quality; corporate governance; informal institutions

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.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Yalin Lu
AU  - Zhong Ma
PY  - 2023
DA  - 2023/08/23
TI  - Is Confucianism a Panacea for Improving Financial Reporting Quality? Evidence from China
BT  - Proceedings of the 2023 3rd International Conference on Enterprise Management and Economic Development (ICEMED 2023)
PB  - Atlantis Press
SP  - 37
EP  - 43
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-224-8_6
DO  - 10.2991/978-94-6463-224-8_6
ID  - Lu2023
ER  -