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Corporate Culture, Societal Culture, and Institutions

Luigi Guiso, Paola Sapienza and Luigi Zingales

No 20967, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: While both cultural and legal norms (institutions) help foster cooperation, culture is the more primitive of the two and itself sustains formal institutions. Cultural changes are rarer and slower than changes in legal institutions, which makes it difficult to identify the role played by culture. Cultural changes and their effects are easier to identify in simpler, more controlled, environments, such as corporations. Corporate culture, thus, is not only interesting per se, but also as a laboratory to study the role of societal culture and the way it can be changed.

JEL-codes: K4 Z1 (search for similar items in EconPapers)
Date: 2015-02
New Economics Papers: this item is included in nep-mfd and nep-soc
Note: LE
References: Add references at CitEc
Citations: View citations in EconPapers (55)

Published as Luigi Guiso & Paola Sapienza & Luigi Zingales, 2015. "Corporate Culture, Societal Culture, and Institutions," American Economic Review, American Economic Association, vol. 105(5), pages 336-39, May.

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Journal Article: Corporate Culture, Societal Culture, and Institutions (2015) Downloads
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Working Paper: Corporate Culture, Societal Culture, and Institutions (2015) Downloads
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