The Value of Corporate Culture

By Luigi Guiso, Paola Sapienza, Luigi Zingales. 2013

863 citations recorded by the source corpus.

Subfields: Accounting, Information Systems and Management, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/1801d1396f75346344b070b26d77abbe83ff9344

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Henri Servaes
2. Kai Li
3. Andrea M. Romi
4. J. M. Sanchez
5. Kirsten A. Cook
6. D. Sánchez
7. K. Lins
8. Feng Mai

In Information Systems and Management

1. Jillian Grennan
2. Henri Servaes
3. K. Lins
4. Ane Tamayo

In Strategy and Management

1. Andrea M. Romi
2. Kirsten A. Cook
3. D. Sánchez
4. J. M. Sanchez
5. K. Lins
6. Kai Li
7. Feng Mai
8. Jillian Grennan

Citations in the corpus

• Corporate Purpose and Financial Performance (2019, neutral): “As a result, we do not need to rely on reports from designated company representatives or advertised values on each company’s website that have been shown to be “cheap talk” and not predictive of corporate outcomes (Guiso, Sapienza, and Zingales 2015).”
• The "Cultural Revolution" in Finance (2015, neutral): “Finally, Guiso, Sapienza, and Zingales (2015) look at the effect of a culture of integrity at the corporate level.”
• Measuring Corporate Culture Using Machine Learning (2020, neutral): “Our starting point is the often-mentioned values by the S&P 500 firms on their corporate websites (Guiso et al. 2015): innovation, integrity, quality, respect, and teamwork, each of”
• A Corporate Culture Channel: How Increased Shareholder Governance Reduces Firm Value (2013, positive): “The loss in integrity is also consistent with evidence comparing private and public firms – public firms exhibit lower levels of integrity (Guiso, Sapienza, and Zingales (2013)).”
• The Role of Corporate Culture in Bad Times: Evidence from the COVID-19 Pandemic (2020, positive): “Li et al. (2021) show that corporate culture correlates with business outcomes, including operational efficiency, risk taking, earnings management, and executive compensation design.”
• The influence of corporate social responsibility on investment efficiency and innovation (2019, positive): “…customers, suppliers, the environment, the community) play critical roles in supporting the firm and its operations, and a focus on these stakeholders, through CSR activities, ultimately contributes to shareholder value (Edmans 2011; Deng et al. 2013; Servaes and Tamayo 2013; Guiso et al. 2015).”
• Social Capital, Trust, and Firm Performance: The Value of Corporate Social Responsibility during the Financial Crisis: Social Capital, Trust, and Firm Performance (2017, positive): “…with the notion of reciprocity often discussed in studies of social capital and with prior work showing that stakeholders seem to cooperate more when they perceive firms to be trustworthy (e.g., for employees, see Guiso, Sapienza, and Zingales (2015); for customers, see Servaes and Tamayo (2013)).”