☆ 4.7 Article

The impact of Confucianism on the efficiency of enterprises green innovation

FINANCE RESEARCH LETTERS (2023)

Trust and corporate social responsibility: Evidence from CEO?s early experience

Dongmin Kong et al.

Summary: This study finds that CEOs with low trust levels are more inclined to be socially responsible, as they are willing to take the initiative to fulfill their social responsibility due to risk aversion and concern for corporate development brought about by poor trust. The impact of trust on CSR remains significant after excluding competing explanations and is more pronounced in conditions of higher levels of external corporate governance, low financing constraints, and low analyst attention. These findings highlight the important role of informal institutions in CSR performance.

ECONOMIC ANALYSIS AND POLICY (2023)

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Article Business, Finance

Trust and innovation: Evidence from CEOs' early-life experience

Dongmin Kong et al.

Summary: This study uses CEOs' experiences during the Cultural Revolution in China to examine the impact of CEO trust levels on corporate innovation. The findings suggest that trust has a significantly positive effect on innovation, especially in the absence of formal institutions. It enriches our understanding of this area and provides a long-term evaluation of China's Cultural Revolution.

JOURNAL OF CORPORATE FINANCE (2021)

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Article Green & Sustainable Science & Technology