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, Grace Wallack

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

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