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
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