Going far beyond previous empirical work, John Kotter and James Heskett provide the first comprehensive critical analysis of how the "culture" of a corporation powerfully influences its economic performance, for
Does corporate culture drive financial performance?Kotter, John
First, corporate culture captures a wide range of values and social norms within firms, making observation and estimation difficult.2 We propose a novel way to measure firm-level cultural differences in domestic M&A deals, using text from crowdsourced employer reviews. This measure aims at ...
We find consistent evidence that corporate culture promotion is negatively related to firm market value, positively related to innovation output and not significantly related to firm financial performance. In addition, the negative effect of corporate culture promotion on firm market value is driven by...
Changing Company Culture requires a movement, not a mandate, Walker and Soule, 2017, Harvard Business Review. 6. Del. 655/2015/R/IDR - Regulation of contract quality in water management service namely in each service part of it. 7. Id. Allegato A - Titolo IV: Charging, invoicing, paymen...
different regions with the strongest negative effects of this pandemic on financial performance of firms found in Hubei – the most severe affected region in this outbreak. Furthermore, corporate culture and CSR moderated the negative effects of this outbreak on Chinese firms’ financial performance. ...
(Carton et al.2014; Collins & Porras,1991; van Balen et al.2019). In describing this future state, an organization sets a vivid long-term objective for itself, generally reaching three to ten years into the future (Bruce & Jeromin,2020; Kotter1990). An effective vision is supposed to ...
(An et al.2018; Utoyo et al.2020; Ben Arfi and Hikkerova2021; Ghosh et al.2021; Mancha and Shankaranarayanan2021; Pinchot and Soltanifar2021; Watson et al.2021). Digital technologies force existing organizations to change their culture and develop a more entrepreneurial organization. To ...
In describing this future state, an organization sets a vivid long-term objective for itself, generally reaching three to ten years into the future (Bruce & Jeromin, 2020; Kotter 1990). An effective vision is supposed to be ambitious, challenging and not necessarily fully achievable (Collins &...
Kotter, J.P.; Heskett, J.L. Corporate Culture and Performance; The Free Press: New York, NY, USA, 2011; p. 224. 10. Klein, K.J.; Kozlowski, S.W.J. From micro to meso: Critical steps in conceptualizing and conducting multilevel research. Organ. Res. Methods 2000, 3, 211–236....