The OCAI Textual Measure of Organizational Culture
24 Pages Posted: 6 Aug 2020 Last revised: 1 Sep 2020
Date Written: June 12, 2020
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: Suggested Citation