Taoism and digital inclusive finance

• DOI: 10.1016/j.heliyon.2023.e14965
• Publication Date: 2023-03-28T18:28:14Z
• Authors: Xiaohui Chen; Hongwei Zhang; Xiang Cheng
• Keywords: Taoism; Selfishness; Dialectic; Capital (architecture)

To help investors understand the profound impact of Taoism in society, this study systematically evaluates its on digital inclusive finance and mechanisms. Based theoretical analysis, makes an empirical analysis based Chinese city-level data from 2011 to 2019, which core explanatory variable "Taoism" encompasses Taoist places religious activity each city, explained "digital finance" is measured using Peking University index. The results show that (1) concept inaction requires people put aside selfishness prejudice, treat others fairly, rationally, leniently, conducive development finance; (2) dialectical wisdom inspires positive psychological capital, traditional technological innovations (3) further research indicates encourages Chinese-listed enterprises actively fulfill their social responsibilities by promoting finance. This can global China's culture capital markets serve as first step exploring economics.