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【文章摘要】Employing merged Chinese listed firm data, Chinese custom data, and the prefecture-level clan culture data, we find a clear pattern that chairpersons who originate from a prefecture-level city with a stronger clan culture lead firms to engage in less international trade. This finding is robust to a variety of checks including using the shortest distance from the chairperson’s prefecture of origin to the nearest historical Neo-Confucian Academy and the number of southward-migrating clans during the Jianyan Reign (1127–1130) in the origin prefecture as instruments. The patterns in the data highlight the importance of cultural origin in shaping individuals’ attitudes towards international trade.
利用中国上市公司数据、中国海关数据和地级市宗族文化数据,本研究发现一个显著的规律:如果公司的董事长来自宗族文化更为浓厚的地级市,那么该公司从事国际贸易的程度会显著降低。本研究也通过多种稳健性检验进一步验证该发现。其中,我们使用了两个工具变量进行分析,这两个工具变量分别为董事长原籍地与历史上最近的新儒学书院之间的最短距离,以及建炎年间(1127–1130)南迁宗族的数量。这些特征呈现了文化起源在塑造个人对国际贸易态度中的关键作用。
【关键词】International trade;Informal institutions;Experience effects;Preference heterogeneity;Clan culture
【文章作者】Haichao Fan , Xingcun Hu , Faqin Lin , Mengxun Liu
【发表期刊】Journal of Economic Behavior and Organization 229 (2025) 106871