Religion And Corporate Integrity

With the continuous development and improvement of our country's market economy,the market order in our country has shown a steady state as a whole,but the problem of corporate integrity still emerges in an endless stream.The company's good faith as an intangible asset has huge economic potential.The company's untrustworthy behavior is the sacrifice of long-term development in exchange for short-term interests and damage to others.The fundamental reason is that some listed companies and individuals have weak sense of integrity,and they have to lose faith in pursuing the maximization of interests.The behavior of the lack of integrity awareness,in addition to the description of China's legal system is not perfect,the effectiveness of the law to play a relatively low resulting in illegal costs are too low,but also reflects the lack of a strong cultural atmosphere of integrity.The establishment of a cultural atmosphere of integrity requires that we pay attention to the informal system,especially to religions that are playing an increasingly important role.In order to improve the integrity of the listed company as a whole and promote the healthy development of the social economy,this article based on previous scholars' research focuses on the relationship between religion and corporate integrity from the perspective of informal institutions.In addition,based on the grouping of laws at the high and low levels,we examine whether the influence of religion on the integrity of the company has changed.This has led people to pay attention to the formal system(legal)and the informal system(religion)to help the company to build integrity business philosophy.This article uses the relevant financial data from China's listing to measure the level of religious beliefs,based on whether or not the company's non-compliance represents the integrity of the company,the number of key temples,award-winning temples,and the range of 200 km of key temples registered by the listed company,and using marketization index measures the region's legal level.Through regression analysis using logistic empirical analysis methods,it was found that religion and corporate honesty have a significant negative correlation,and that the higher the legal level,the more obvious the role played by religion,and the less likely the company is to violate regulations;Whether the company was issued a non-standard audit opinion by replacing the company's non-compliance and further robustness tests found that the results were consistent with the aforementioned conclusions.This discovery has enriched the literature on religion and corporate behavior to a certain extent,and it has provided new ideas for the construction of corporate integrity,which has led people to pay attention to the role played by religion in the economic field.