REUTERS/Aaron Harris - Sears President and CEO Doug Campbell speaks during its annual and special meeting of shareholders in Toronto April 24, 2014.
Blog Post | The Initiative on 21st Century Capitalism
Does strong corporate culture create long-term value?
May 2, 2016,
How can you tell if a firm’s culture creates long-term value, or even measure something so seemingly unquantifiable? In a new paper, Jillian Popadak argues that while corporate governance measures are designed to change the explicit rules at a company, the culture is a set of implicit rules that govern employee behavior: and that culture can have long-term value creating effects.