Secondly, Neo-Confusianism was a new development, borrowing much from Buddhim and Taoism, it appear as the reaction from the Confuciansim againts the development of Buddhism in China. Based on data analysis, conclusion can be made such as: Firstly, the influence of Buddhism from India is acceptable and growth rapidly in China because people in China were unsatisfied toward Confucianism and Taoism.
This study uses library research hermeneutical philosophical method which consists of three elements: descriptive, historical continuity and reflective. This paper also helps the authors understand the “China Puzzle” that is China's rapid economic development under an imperfect legal system.This paper aims to examine the influence of Indian Buddhism toward Chinese Neo-Confucianism through philosophical perspective. This paper brings a new traditional-cultural perspective to the understanding of corporate irregularities and contributes to the literature on culture and finance.
The authors also discover that this effect is weaker in state-owned and foreign enterprises and weakened by the influence of Western culture. The authors' findings are robust even when criticized with alternative definitions of Confucianism, sensitivity analysis and instrumental variable regression. the influence of Confucianism on the company, presenting strong evidence that Confucianism significantly reduces corporate irregularities.
The authors use the historical numbers of Jinshi (Imperial Scholars) in the Ming and Qing dynasties within 200 km of a company's location to proxy for. The purpose of this study is to examine the relationship between adherence to Confucianism and corporate irregularities. Confucianism underpins Chinese traditional culture and the values of the Chinese people.
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