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The purpose of this paper is to examine the relation between Buddhism/Taoism and dividend payout decisions among Chinese listed firms during 2003-2013.

The authors include all Chinese A-share listed stocks in their sample during 2003-2013 and use a multiple regression method to conduct their analyses.

Their findings suggest that firms in regions with high influence of Buddhism and Taoism lean toward having high dividend payouts. The results are robust to a battery of alternative specifications in dividend payout, religiosity measures, research methods and dividend regulation regimes.

They show that the religions of Buddhism/Taoism play a role in determining dividend payout, complementing other informal institution studies of dividend policy. They complement the literature by providing insights into the impact of Buddhism and Taoism on corporate behaviors beyond immoral or unethical practices. They are able to relate specific doctrinal tenets of Buddhism and Taoism to corporate behavior rather than using only the general moral and ethical guidelines of religiosity.

This paper aims to examine the relation between religiosity and formal financing in the context of long- and short-term corporate loans.

This paper uses archival methodology to conduct a multiple regression analysis with the amount of long- and short-term corporate loans as the dependent variable and a measure of religiosity as the key explanatory variable.

This paper offers four findings. First, when a private firm locates in a high religiosity region, it is more likely to get more corporate loans and the amount of corporate loans is positively correlated with the extent of religiosity. Second, religiosity drives a private firm getting more (less) short-term (long-term) loans. Third, a private firm in a high religiosity region is able to incur lower interest cost associated with more short-term loans. Finally, the results are confined to Buddhism, Taoism and Christianity.

Overall, the findings are consistent with the notion that religiosity shapes the local culture so that individuals, some of them are borrowers and lenders, show the religious traits in the formal lending and borrowing relationship.

Overall, findings of this paper are consistent with the notion that religiosity shapes the local culture so that individuals, some of them being borrowers and lenders, show religious traits in the formal lending and borrowing relationship.

This paper aims to mainly investigate the role of trust, which is an important informal system, in executive compensation incentives.

Using the data of Chinese A-share private enterprises from 2003 to 2014, the paper estimates the effect that trust has on executive compensation incentives.

Results indicate that trust can significantly enhance the effectiveness of executive compensation incentives. Furthermore, the better the regional trust environment in which companies are located, the more pronounced the effect is. In particular, the effect of trust on executive compensation incentives is only significant when the formal legal system is immature. As companies continue to grow and develop and the formal system becomes perfect, the role of trust weakens. The formal system, including the corporate governance mechanism and perfect legislation, then becomes the key to promoting executive compensation incentives.

This paper provides evidence of the significance of both informal and formal systems. It not only emphasises the important role that the informal system has played in “the mystery of China’s economic growth” but also supports the “ruling the country by law” strategy for the sustainable development of China’s economy.

This paper reveals the relationship between the formal and informal systems, which provides a new perspective on and empirical evidence for the determinants of executive compensation incentives, and it also finds an explanation for the rapid growth of China’s economic development.

Considering the world population, an additional 415.1 billion m² of built floor will be needed by 2050, which could worsen the environmental impact of the construction industry that is responsible for one-third of global Carbon Emissions (CEs). Thus, the current construction practices need to be upgraded toward eco-friendly technologies. Building Information Modeling (BIM) proved a significant potential to enhance Building and Infrastructure (B&I) ecological performances. However, no previous study has evaluated the nexus between BIM and B&I CEs. This study aims to fill this gap by disclosing the research evolution and metrics and key concepts and tools associated with this nexus.

A mixed-method design was adopted based on scientometric and scoping reviews of 52 consistent peer-reviewed papers collected from 3 large scientific databases.

This study presented six research metrics and revealed that the nexus between BIM and CEs is a contemporary topic that involves seven main research themes. Moreover, it cast light on six key associated concepts: Life Cycle Assessment; Boundary limits; Building Life Cycle CE (BLCCE); Responsible sources for BLCCE; Green and integrated BIM; and sustainable buildings and related rating systems. Furthermore, it identified 56 nexus-related Information and Communication Technologies tools and 17 CE-coefficient databases and discussed their consistency.

This study will fill the knowledge gap by providing scholars, practitioners and decision-makers with a good grasp of the nexus between CEs and BIM and paving the path toward further research, strategies and technological solutions to decrease CEs of B&I sectors and their impacts on the climate change.