Corporate Culture
In: Corporate Culture Gary B. Gorton, Jillian Grennan, Alexander K. Zentefis Annual Review of Financial Economics 2022 14:1, 535-561
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In: Corporate Culture Gary B. Gorton, Jillian Grennan, Alexander K. Zentefis Annual Review of Financial Economics 2022 14:1, 535-561
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In: Economic Policy Review, Issue Aug, pp. 5-16, 2016
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In: The economic journal: the journal of the Royal Economic Society, Band 133, Heft 653, S. 1846-1870
ISSN: 1468-0297
Abstract
We investigate which form of corporate culture is most effective in enhancing individual performance in creative tasks conducted in group settings. We combine a series of experiments with a questionnaire on corporate values to test whether performance ranking and incentives succeed in instantiating a creative corporate culture. Being ranked against competitors and setting incentives at the group level serves as a social cue that appears to induce in members a significantly stronger pro-social attitude. When this attitude is shared by group members, a social norm of high effort emerges, and creative performance is significantly higher.
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In: Corporate reputation review, Band 2, Heft 4, S. 352-360
ISSN: 1479-1889
In: University of Zurich, UBS International Center of Economics in Society, Public Paper No. 7
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In: American economic review, Band 105, Heft 5, S. 336-339
ISSN: 1944-7981
While both cultural and legal norms (institutions) help foster cooperation, culture is the more primitive of the two and itself sustains formal institutions. Cultural changes are rarer and slower than changes in legal institutions, which makes it difficult to identify the role played by culture. Cultural changes and their effects are easier to identify in simpler, more controlled, environments, such as corporations. Corporate culture, thus, is not only interesting per se, but also as a laboratory to study the role of societal culture and the way it can be changed.
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In: IZA Discussion Paper No. 2927
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