宗教、政治联系与捐赠行为:基于中国上市公司的经验证据  

Religion, Political Connections and Donation Behavior:Evidence from China's Listed Companies

作　　者：杜颖洁[1] 冯文滔[2] 

机构地区：[1]上海大学管理学院,上海200444 [2]厦门大学管理学院,福建厦门361005

出　　处：《当代财经》2014年第6期111-122,共12页Contemporary Finance and Economics

基　　金：教育部人文社会科学研究青年基金项目"银行关系;制度环境与民营上市公司的银行借款:数据挖掘与实证研究"(13YJC790022)

摘　　要：关注宗教因素这一典型的非正式制度安排对中国上市公司捐赠行为的影响。使用"Baidu"与"Google"的因特网地图,基于中国上市公司的注册地和全国重点"寺观(寺庙和道观)"的经、纬度,手工搜集了公司层面和省级层面的宗教数据。使用2004-2010年中国上市公司的捐赠和宗教数据,研究发现公司捐赠的概率及捐赠的强度与宗教因素显著正相关;进一步分析表明,公司捐赠与宗教因素之间的正相关关系受到政治联系因素的负向调节作用,揭示了宗教与政治联系对公司捐赠行为所具有的相互替代效应。研究结论可以唤起经济学和管理学领域对宗教这种非正式制度安排的重视。This paper focuses on the influence of religion, one of the classic informal systems, on the donation behavior of China＇s listed companies. By making use of internet maps provided by Baidu and Google to fix longitude and latitude of the place of registry of every China＇s listed com- pany and the site of every nationally famous monastery and temple, it manually collects the religious data from both the corporate level and the provincial level. By making use of the donation and reli- gious data from China＇s listed firms from 2004 to 2010, this study finds that the probability and strength of corporate donation are positively correlated with religious factors significantly. Further anal- ysis indicates that the positive correlation between religious factors and corporate donation is under the negative regulation of political connections, which reveals that political connections and religion have a mutual-substitution effect on corporation donation. These conclusions may evoke the attention from the fields of economics and management to the informal institutional arrangement--religion.

关 键 词：宗教 政治联系 公司捐赠 非正式制度安排 

分 类 号：F234.3[经济管理—会计学]