The Value of Corporate Culture
46 Pages Posted: 15 Nov 2013 Last revised: 30 Aug 2014
Date Written: September 1, 2013
Abstract
We study which dimensions of corporate culture are related to a firm’s performance and why. We find that proclaimed values appear irrelevant. Yet, when employees perceive top managers as trustworthy and ethical, firm’s performance is stronger. We then study how different governance structures impact the ability to sustain integrity as a corporate value. We find that publicly traded firms are less able to sustain it. Traditional measures of corporate governance do not seem to have much of an impact.
Suggested Citation: Suggested Citation
Do you have a job opening that you would like to promote on SSRN?
Recommended Papers
-
The Value of Corporate Culture
By Luigi Guiso, Paola Sapienza, ...
-
The Value of Corporate Culture
By Luigi Guiso, Paola Sapienza, ...
-
News Implied Volatility and Disaster Concerns
By Asaf Manela and Alan Moreira
-
A Corporate Culture Channel: How Increased Shareholder Governance Reduces Firm Value
-
Playing the Devil's Advocate: The Causal Effect of Risk Management on Loan Quality
By Tobias Berg