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Financialization, religion, and social trust in rural China

Yin, Wei, Kirkulak-Uludag, Berna and Matthews, Kent 2020. Financialization, religion, and social trust in rural China. PLoS ONE 15 (10) , e0240114. 10.1371/journal.pone.0240114

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Abstract

This paper examines the impact of financial development and religion on social trust in rural China. We use multinomial logistic regression models with the Chinese Household Income Project (CHIP) Survey Data of 2013. The findings show that while financial development has a negative and significant impact on particular trust but no impact on general trust, religion has a positive relationship with general trust but insignificant relationship with particular trust. This study further investigates the impact of interaction between financial development and religion on social trust. The joint effect of financial development and religion has significant and positive relationship with particular trust. This implies that while financialization destroys the traditional relatives and friends trust based on lending and borrowing in rural area, religiosity lessens the negative impact of financialization on particular trust.

Item Type: Article
Date Type: Publication
Status: Published
Schools: Business (Including Economics)
Additional Information: This is an open access article distributed under the terms of the Creative Commons Attribution License
Publisher: Public Library of Science
ISSN: 1932-6203
Date of First Compliant Deposit: 23 February 2021
Date of Acceptance: 21 September 2020
Last Modified: 23 Feb 2021 10:31
URI: http://orca-mwe.cf.ac.uk/id/eprint/138701

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