Corporate culture: Evidence from the field

John Robert Graham · Jillian Grennan · Campbell R. Harvey · Shiva Rajgopal

430 citations0/0 files storedJournal of Financial Economics

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Corporate Finance and Governance Leadership and Management in Organizations Management and Organizational Practices

Abstract

Ninety-two percent of the 1348 North American executives we survey believe that improving corporate culture would increase firm value. A striking 84% believe their company needs to improve its culture. But how can that be achieved? Our paper provides some guidance by documenting the following: executives’ views on what corporate culture is and how it operates, distinguishing between stated values and everyday norms; the extent to which culture is perceived to influence value creation (productivity, mergers), ethical choices (compliance, short-termism), and innovation (creativity, risk-taking); and a list of obstacles that can prevent culture from being where it should be (inattentive leaders, misaligned incentive compensation). Finally, we provide evidence that the executives’ survey responses are consistent with external data.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 430 citations exist upstream.

References

1997A Survey of Corporate Governance 2001Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature 2005The economic implications of corporate financial reporting 1991Multitask Principal–Agent Analyses: Incentive Contracts, Asset Ownership, and Job Design 2001The theory and practice of corporate finance: evidence from the field 2003Earnings Management through Real Activities Manipulation 1991Institutions 1991PEOPLE AND ORGANIZATIONAL CULTURE: A PROFILE COMPARISON APPROACH TO ASSESSING PERSON-ORGANIZATION FIT

Cited by

2022Presidential Address: Corporate Finance and Reality 2023ES Risks and Shareholder Voice 2024Corporate culture and ESG performance: Empirical evidence from China 2024Do Socially Responsible Firms Walk the Talk?2023Human Resource Management Strategies in Achieving Competitive Advantage in Business Administration 2022Corporate Culture

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.