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Professor independent directors have been the subject of academic debate as to whether they can improve corporate innovation performance. Accordingly, this paper aims to investigate the relationship between professor independent directors, the marketization process and corporate innovation performance in China.

Using a sample of Chinese A-share listed companies from 2014 to 2017, this study examines how professor independent directors and the (low and high) marketization process affect corporate innovation performance.

The empirical analysis of this yields the following main results. First, enterprises with a higher proportion of professor independent directors outperform those with a low proportion of professor independent directors in terms of corporate innovation. Second, the study of introducing the marketization process finds that there is no “market failure”. Third, while professor independent directors have a significant association with innovation performance in the high-marketization group, this association is negligible in the low-marketization group, indicating that there is no “substitution effect”.

This research provides empirical evidence to support the hiring of professors with relevant backgrounds as independent directors who can contribute meaningfully to corporate governance and innovation while also fostering industrial transformation. This study also identifies that the role of professor independent directors in facilitating corporate innovation is more effective in regions with a high degree of marketization than in regions with a low degree of marketization, implying that increasing marketization benefits the role of professor independent directors in facilitating corporate innovation.

The purpose of this paper is to understand the role Confucianism has in affecting domestic and foreign policy which is accomplished by looking at historical trends and contemporary developments and arguments posed by leading scholars. This paper finds that Confucianism has had a significant impact on current Chinese policy; however, it has been a selective application. In particular, the Chinese Government has focused on the traditional Confucian moral framework and the mandate to rule, which has allowed the Chinese Government to work toward further securing their right to rule and enhance a more assertive foreign policy abroad.

This study based on historical, theoretical and empirical discussions.

It is clear that Confucianism has had profound influence on Chinese politics and foreign policy. As rulers in the past of Chinese history, the Chinese Communist Party (CCP) has also utilized Confucianism to enhance nationalist sentiments among the people. Confucianism, therefore, has been served as the codifying ideology to further secure the CCP’s right to rule domestically, and to enhance a more assertive foreign policy abroad. With confidence, one can argue that Confucianism will continue to serve as a leading source of ideas in China for its effort to pursue modernization.

This paper focuses on the impact of Confucianism on Chinese politics and foreign policy. In the field of international relations and foreign policy analysis, it is well known that ideas are always critical to any changes of a country’s foreign policy. That is to say, a country’s politics and foreign policy would be heavily influenced not only by the changes of tide in contemporary world politics, but also heavily influenced by its traditional thinking and heritage. In this paper, the author will examine the influence of Confucianism on Chinese domestic politics and foreign policy. The analysis will cover recent arguments about the role of Confucianism from several leading contemporary thinkers. It will also make some brief comparisons between China and other East Asian societies, including Japan and Korea.