The OCAI Textual Measure of Organizational Culture

24 Pages Posted: 6 Aug 2020 Last revised: 1 Sep 2020

See all articles by Panayiotis C. Andreou

Panayiotis C. Andreou

Cyprus University of Technology

Terry Harris

Durham University Business School

Dennis Philip

Durham University - Department of Economics and Finance

Wenrui Zhang

Durham University Business School

Date Written: June 12, 2020

Abstract

This document outlines a text-based firm-level measure of organizational culture, parsing information from 214,910 annual 10-K filings of publicly-listed US firms over the period 1994-2017. We utilize the Organizational Culture Assessment Instrument (OCAI) to construct a dictionary of the culture-related keywords and use the bag-of-words model to measure organizational culture. Given that the measure is developed from the OCAI, it captures the various dimensions that firms consider to be important in measuring their internal culture. We undertake a series of construct validation tests to demonstrate the construct validity of the OCAI textual measure of organizational culture.

Keywords: Organizational Culture, Organizational Culture Assessment Instrument, Competing Values Framework, OCAI, Construct Validation, Textual Analysis

JEL Classification: G3, M14, Z1, D23

Suggested Citation

Andreou, Panayiotis C. and Harris, Terry and Philip, Dennis and Zhang, Wenrui, The OCAI Textual Measure of Organizational Culture (June 12, 2020). Available at SSRN: https://ssrn.com/abstract=3625894 or http://dx.doi.org/10.2139/ssrn.3625894

Panayiotis C. Andreou

Cyprus University of Technology ( email )

School Of Management and Economics
P.O. Box 50329
Lemesos, 3036
Cyprus

HOME PAGE: http://www.pandreou.com

Terry Harris

Durham University Business School ( email )

Mill Hill Lane
Durham, Durham DH1 3LB
United Kingdom

Dennis Philip (Contact Author)

Durham University - Department of Economics and Finance ( email )

Department of Economics and Finance
Mill Hill Lane
Durham, DH1 3LB
United Kingdom

Wenrui Zhang

Durham University Business School ( email )

Mill Hill Lane
Durham, DH1 3LB
United Kingdom

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