The effect of corporate culture on firm performance: Evidence from China

被引：42
|
作者：
Zhao, Hailin [1 ]
Teng, Haimeng [2 ]
Wu, Qiang [2 ]
机构：
[1] Nanjing Univ Finance & Econ, Sch Accounting, Nanjing, Jiangsu, Peoples R China
[2] Rensselaer Polytech Inst, Lally Sch Management, Troy, NY 12180 USA
来源：
CHINA JOURNAL OF ACCOUNTING RESEARCH | 2018年 / 11卷 / 01期
关键词：
Corporate culture promotion; Firm performance; China;
D O I：
10.1016/j.cjar.2018.01.003
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This study examines whether corporate culture promotion affects firm performance in China in terms of firm market value, firm financial performance and innovation output. 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 small firms and firms located in less developed provinces. Furthermore, we find that some specific corporate culture promotions, such as innovation culture promotion and integrity culture promotion, are not related to firm value or financial performance. However, innovation culture promotion is positively associated with innovation output. (C) 2018 Sun Yat-sen University. Production and hosting by Elsevier B.V.
引用
收藏
页码：1 / 19
页数：19
相关论文
共 50 条
  • [1] The effect of corporate culture on firm performance:Evidence from China
    Hailin Zhao
    Haimeng Teng
    Qiang Wu
    [J]. China Journal of Accounting Research, 2018, (01) : 1 - 19
  • [2] The effect of corporate culture on firm performance: Evidence from China (vol 11, pg 1, 2018)
    Xin, Q.
    [J]. CHINA JOURNAL OF ACCOUNTING RESEARCH, 2021, 14 (04)
  • [3] Corporate governance and firm performance: Empirical evidence from China
    Chen Luxi
    Lei, Liu Chun
    Yu, Dong Xiao
    Qi, Wu
    Yu, Wang Guan
    [J]. PROCEEDINGS OF THE 2013 CONFERENCE ON EDUCATION TECHNOLOGY AND MANAGEMENT SCIENCE (ICETMS 2013), 2013, : 1063 - 1067
  • [4] Control Privatization, Corporate Governance, and Firm Performance: Evidence from China
    Ho, Joanna L. Y.
    Yang, Xiongsheng
    Li, Xiang
    [J]. JOURNAL OF INTERNATIONAL ACCOUNTING RESEARCH, 2011, 10 (02) : 23 - 56
  • [5] Corporate Entrepreneurship, Informal Ties, and Firm Performance: Evidence from China
    Li, Xi
    Zhao, Xinglu
    Zhang, Jianqi
    [J]. FRONTIERS OF BUSINESS RESEARCH IN CHINA, 2013, 7 (01) : 26 - 58
  • [6] Corporate-level strategy and firm performance: evidence from China
    Li, Boya
    Chen, Shou
    [J]. CHINESE MANAGEMENT STUDIES, 2020, 14 (01) : 1 - 14
  • [7] Corporate social responsibility reporting and firm performance: evidence from China
    Cheng S.
    Lin K.Z.
    Wong W.
    [J]. Journal of Management & Governance, 2016, 20 (3) : 503 - 523
  • [8] Corporate culture and ESG performance: Empirical evidence from China
    Bai, Fuping
    Shang, Mengting
    Huang, Yujie
    [J]. JOURNAL OF CLEANER PRODUCTION, 2024, 437
  • [9] Corporate Governance and Firm Performance - Evidence from Growth Enterprise Market in China
    Zhao Yuchen
    Wang, George Y.
    Hua Keyue
    [J]. PROCEEDINGS OF THE EIGHTH INTERNATIONAL SYMPOSIUM - CORPORATE GOVERNANCE (2015), 2015, : 144 - 153
  • [10] Environmental regulation, corporate environmental disclosure, and firm performance: Evidence from China
    Liu, Jianlei
    Uchida, Konari
    Bao, Chenyu
    [J]. PACIFIC-BASIN FINANCE JOURNAL, 2024, 85
12345