Religious Culture and the Quality of Corporate Information Disclosure

摘要

The quality of information disclosure is a key element in protecting the interests of investors and maintaining the healthy development of the capital market. This paper examines the relationship between religious atmosphere and information disclosure quality by taking samples of Shenzhen A-share listed companies from 2010 to 2018. The research results show that the rational arrangement of corporate governance structure can promote the disclosure of information, while the religious atmosphere has complementary or alternative effects on certain corporate governance mechanisms. The conclusion of this study means that under the circumstances that there are many problems in corporate governance in China's capital market, religious culture can effectively make up for the shortcomings of corporate governance and effectively solve the agency problem.