Research On The Relationship Between Entrepreneurs' Religious Beliefs And Corporate Performance

It is of great significance to study whether religious beliefs affect the ideas and decisions of most people,no matter it is the ordinary people or the social elites who have become religious believers,especially entrepreneurs who are the important participants of China's economic development and economic activities.This paper is to help theoretically reveal whether there is an intrinsic relationship between the entrepreneur's individual religious beliefs and his/her organization performance.In this paper,through the Panos religious belief scale localization,with a large sample size research a reliable religious belief scale is obtained.Using the localized religious belief scale to measure the degree of entrepreneur's belief,we can quantify the relationship between entrepreneur's religious beliefs and their enterprises' performance.And among the China GEM,SME board listed companies,the companies of entrepreneurs with religious beliefs compared to those with non-religious beliefs are analyzed by five consecutive years of corporate financial indicators,found that religious enterprises' profitability and growth of financial indicators are significantly higher than those of no religious beliefs,in the sense of annual average Return on Assets(ROA)and Return on Equity(ROE)and the growth rates of ROA and ROE.From the regression analysis,it is seen that at 5%significance level,entrepreneurs religious belief has linear relation with the average annual return on assets and the average annual rate of return on net assets.This indicates that religious belief affects the long-term profitability of enterprise.Through the case study of an entrepreneur with Christian belief,religious belief builds on the vision and mission oriented corporate culture,through people-oriented management system(internal factors);with consumer trust as the goal of customer loyalty,and gratitude for the goal of social responsibility(external factors)altogether achieves long-term business value,which leads to the formation of faith driven enterprise performance.The case study found that the Christian faith entrepreneurs will not only guide enterprises to operate with integrity,people-oriented hospitality,but also to the doctrine of their own behavior-based constraints.This is conducive to personal,family stability,is conducive to promoting social morality,rebuild social trust,in line with the goal of building a socialist spiritual civilization.This will also promote the healthy development of China's religious undertakings,religious believers to play their own social effects,promote the ability to increase social harmony,speed-up the healthy development of religious undertakings,give full play to the promotion of local economic and social development in the positive role.This article helps to fundamentally affirm the positive significance of entrepreneurship with religions of Christianity and Buddhism in business development.Christian and Buddhist beliefs following the pursuit of religious doctrine play a binding role in the mind and behavior of the enterprises.Entrepreneurs carry forward the religious doctrine of moral guidance,improve the internal management system and governance concepts.That established a comprehensive benefit to business and society Corporate culture.Through long-term regular multi-channel publicity and communication,guide members to think,share and dialogue,so that members of the organization achieve a goal,a formation of organizational beliefs,and from the staff management,performance evaluation,and cultural construction aspects promote organizational beliefs.The realization of this will reinforce the major enterprises in the pursuit of economic benefits while maintaining integrity complying with the balance of economic and social ethics.