| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w29322 |
| 来源ID | Working Paper 29322 |
| Corporate Culture | |
| Gary B. Gorton; Jill Grennan; Alexander K. Zentefis | |
| 发表日期 | 2021-10-04 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | Corporate culture is an omnibus term that includes many elements like norms, values, knowledge, and customs that are relevant to a firm. Economists have made great progress recently in devising methods of measuring different aspects of corporate culture. These empirical measures of culture have explained mergers and acquisitions, corporate risk-taking, and unethical behaviors observed in corporations, among other topics. We argue that unpacking corporate culture into its components is the right way to research it empirically. Theories of corporate culture are still in development, and we discuss the major contributions thus far. We argue that a theory of the firm and of corporate decision-making that is based on corporate culture is more germane to the practical realities of firms’ inner workings than prevailing theories based on agency costs. Corporate culture has the potential to set the theoretical paradigm for all corporate finance research. |
| 主题 | Microeconomics ; Households and Firms ; Financial Economics ; Corporate Finance ; Industrial Organization ; Firm Behavior ; Other ; Accounting, Marketing, and Personnel |
| URL | https://www.nber.org/papers/w29322 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/586996 |
| 推荐引用方式 GB/T 7714 | Gary B. Gorton,Jill Grennan,Alexander K. Zentefis. Corporate Culture. 2021. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w29322.pdf（330KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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