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.
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