The value of corporate culture
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Guiso, Luigi; Sapienza, Paola; Zingales, Luigi
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Article
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2015
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Elsevier Science
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English
โ 604 KB
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, a firm's performance is stronger. We then study how different governance structures impa