How Buddhism Affects Time Allocation of Chinese Entrepreneurs in New Ventures

Received:October 08, 2017  Revised:October 08, 2017

Key Words:  Buddhism, time allocation, entrepreneurship, political status, law enforcement

Author NameAffiliation
Zuhui Xu* Shanghai University of Finance and Economics 
Zhiyang Liu Shanghai University of Finance and Economics 
Yi Tang The Hong Kong Baptist University 

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Abstract:
      This paper examines how Buddhism, as an Eastern religion, influences time allocation in new ventures. Building upon the conceptual frameworks from religion research, time allocation literature, and institutional theory, we propose that Buddhist values like karma and no self can help develop social capital and reputation and consequently, promote time allocation on external networking rather than other activities. Moreover, entrepreneurs’ political status and regional law enforcement weaken the positive relationship between Buddhism and time allocation on external networking. An analysis with a survey data of 1,052 Chinese entrepreneurs render strong support to our predictions. We discuss the theoretical and practical implications to research on religion, time allocation and entrepreneurship.

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