This study draws on the institutional void and institutional support perspectives to examine the contingent effect of institutional environments on the relationship between corporate religiosity and individual entrepreneurial activity in the context of emerging markets. We employ a composite dataset that covers 7109 individuals in 69 major cities across 25 provinces in China. Our study provides convincing evidence that individuals with strong corporate religiosity may be disinclined to conduct entrepreneurial activity in corrupted markets, but are more likely to engage in entrepreneurship in well-developed markets (ones characterized by high levels of marketization). This study displays the interplay of both institutional void and institutional support with corporate religiosity in shaping individual behaviors.
Bibliographical noteFunding Information:
Feng Zhang acknowledges the financial support from the Research Project of Ministry of Education of China (Grant No. 18JJD630003) and the Fundamental Research Funds for the Central Universities (Grant No. 63185009 and 63,185,011), and Haina Zhang acknowledges the financial support from Skills Acquisition Award received from the British Academy (award reference: SQ140008).
- Corporate religiosity
- Entrepreneurial activity