宗教信仰、政治身份与企业投资偏好

摘要

Based on the survey of entrepreneurs’religious beliefs,it explores the effect of entrepreneurs’religious beliefs on firm investment activities.It comes to the conclusions as follows:firstly,compared with R&D investment,the entrepreneurs who have religious beliefs prefer relationship-based investment with relatively less risks;secondly,different types of religious beliefs have different effects on investment preferences,and compared with the entrepreneurs who believe in western religion,the entrepreneurs who believe in eastern religion are more likely to invest relationship-based items;thirdly,the influences of entrepreneurs’religious beliefs on investment preferences vary somewhat with entrepre-neurs’political identity.Specifically speaking,compared with the entrepreneurs who have political identity,religious beliefs have more significantly positive impact on relationship-based investment if the entrepreneurs do not have political identity.It suggests that politi-cal identity may weaken the influence of religious beliefs on relationship-based investment.%文章运用企业家宗教信仰的直接调查数据，考察了企业家的个人宗教信仰对企业投资活动的影响。研究发现，相对于研发型投资，有宗教信仰的企业家偏好于风险相对较小的关系型投资；不同类型的宗教信仰对企业投资偏好具有不同的影响，笃信东方宗教的企业家相对于笃信西方宗教的企业家更加偏好于关系型投资；企业家的宗教信仰对投资偏好的影响因企业家是否具有政治身份而有所不同，相对于有政治身份的企业家，没有政治身份的企业家的宗教信仰会更加显著地正向影响关系型投资，表明政治身份可能会弱化宗教信仰在关系型投资中的作用。