The Impact of Huizhou Merchant Culture on The Formal Systems of Enterprises: A Case Study

Donghao Liu

doi:10.54097/x2s95b03

Authors

Donghao Liu

DOI:

https://doi.org/10.54097/x2s95b03

Keywords:

Huizhou merchant; impact; formal systems.

Abstract

The glory of Huizhou merchants in the Ming and Qing dynasties has become history, but their rich cultural accumulation has left valuable spiritual wealth for today's entrepreneurs, which is of positive significance for adhering to the tradition of old Huizhou merchants and building a new era of Huizhou merchants. This paper mainly focuses on the human resources department, the accounting and auditing information disclosure flow and ESG or CSR building, which are three primary aspects of corporate formal systems. By taking A-share listed company Jia’ao as an instance. Firstly, this paper introduces three crucial problems in sample company’s formal systems. Secondly, according to the problems reflected in the company, this paper discusses the reasons from the Huizhou merchant culture. Ultimately, the paper proposes solutions and makes conclusions, and points out the shortcomings and the improvements of the research.

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