% WARNING: This file may contain UTF-8 (unicode) characters. % While non-8-bit characters are officially unsupported in BibTeX, you % can use them with the biber backend of biblatex % usepackage[backend=biber]{biblatex} @techreport{NBERw19557, title = "The Value of Corporate Culture", author = "Guiso, Luigi and Sapienza, Paola and Zingales, Luigi", institution = "National Bureau of Economic Research", type = "Working Paper", series = "Working Paper Series", number = "19557", year = "2013", month = "October", doi = {10.3386/w19557}, URL = "http://www.nber.org/papers/w19557", abstract = {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, firm's performance is stronger. We then study how different governance structures impact the ability to sustain integrity as a corporate value. We find that publicly traded firms are less able to sustain it. Traditional measures of corporate governance do not seem to have much of an impact.}, }