Social Progress and Corporate Culture

Gary Gorton and Alexander K. Zentefis

No 25484, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Social progress through improved treatment of minority groups (the embrace of anti-racist and anti-sexist norms, for example) may or may not spread to corporate cultures through competition. Sometimes the market fails to adapt on its own and government must pass legislation to secure changes in the workplace. We show how corporate culture is determined, why a variety of corporate cultures exist, and whether progressive corporate cultures can oust regressive ones.

JEL-codes: D23 G3 G38 J31 L13 (search for similar items in EconPapers)
Date: 2019-01
Note: CF IO LS
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Published as Gary B Gorton & Alexander K Zentefis, 2023. "Social progress and corporate culture," Industrial and Corporate Change, vol 32(3), pages 733-754.

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