Evaluating espoused values: Does articulating values pay off?

Karsten Jonsen, Charles Galunic, John Weeks and Tania Braga

European Management Journal, 2015, vol. 33, issue 5, 332-340

Abstract: Many corporations these days publish and talk about their values, believing these values, and their culture more generally, to be critical to their success. This study illuminates the phenomenon of values articulation and examines the link between these espoused values and financial performance. By examining the values posted by Fortune 100 companies on their websites, we analyse the performance implications associated with the espousal of (certain) values, the number of values and their stability or change over time. Drawing on this analysis and previous studies on values, espoused values, and underpinning theoretical frameworks, we test hypothesis related to the number of espoused values, differentiation and stability over time. We provide interpretations about why it matters not just what companies do but also what they say.

Keywords: Espoused values; Articulated values; Financial performance; Organizational values (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:eurman:v:33:y:2015:i:5:p:332-340

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DOI: 10.1016/j.emj.2015.03.005

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