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Du, X.Q., Wei, W., Zeng, Q. and Chang, Y.Y. (2016) Religious Influence, Controlling Shareholder and Over-Investment: Empirical Evidence Based on Chinese Buddhism. Accounting Research, No. 08, 50-57+97.

has been cited by the following article:

• TITLE: Relationship between the Traditional Buddhist Culture and the Fluctuations of Corporate Performance

  AUTHORS: Min Xiao

  KEYWORDS: Buddhist Traditional Culture, Corporate Performance Fluctuation, Risk Aversion

  JOURNAL NAME: Modern Economy, Vol.9 No.8, August 7, 2018

  ABSTRACT: After the financial crisis and stock price crash, more stakeholders are concerned about the performance of the company. With the rise of religious economics in recent years, the paper selected data from 2006-2016 for listed companies on the A-share main board. The study found that: 1) The stronger the traditional Buddhist culture of listed companies is, the smaller the fluctuation of corporate performance is; 2) Compared with state-owned enterprises, the negative impact of traditional Buddhist culture on fluctuations in corporate performance is stronger among non-state-owned enterprises; 3) When the company is in a mature period, the Buddhist tradition has a stronger inhibitory effect on corporate performance fluctuations.