Religion has a significant impact on the
spiritual awareness and ideas of believers such as values as an important
dimension of social culture. Studies have shown that the proportion of
religious believers in China showed a clear upward trend in recent years, and
the number of religious believers in private entrepreneurs has gradually
increased. Current scholars have begun to pay attention to the role of
religious beliefs on corporate behavior, and initially carried out the relevant
research.
However, we can see from the existing
research that scholars have not paid full attention to the relationship between
entrepreneurs’ religious beliefs and corporate R&D investment, and the
related research literatures are rare. R&D investment requires a lot of
money and staff input, and it’ payback period is quite long, coupled with the
possibility of failure in the R&D, so it is full of great risks. Of course,
once the R&D investment activities were succeeded, it will bring great
benefits to the enterprise. As long as researchers think that a R&D project
can give them a full play, they will enthusiastically immerse in the R&D
project, which not only make the researchers to enjoy the fun of the process,
but also increase their own academic values.
On the contrary, entrepreneurs who believe
in religion have a strong sense of risk aversion, they are reluctant to try
R&D projects that are relatively risky and quite uncertain, and also may
interfere with the work of researchers related to R&D projects. This will
affect researchers’ enthusiasm directly and bring a certain negative effect to
the researchers, resulting in their work efforts and extent of focus on
projects is greatly reduced.
Therefore, from the perspective of the
influence of entrepreneurs’ religious belief on corporate strategic behavior
and based on the spirit of free inquiry of researchers, this paper focuses on
exploration and analysis of the role and mechanism of entrepreneurs’ religious
belief on the R&D investment of enterprises, so as to provide the R&D
strategic decision of private enterprises with practical guidance and
theoretical references via constructing the game model.
Article by Gege
Wang,et al,from South China University of Technology, China
Read more @ http://mrw.so/47cQrn
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| Image by alex skopje,from Flickr-cc. |
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