Corporate Culture, Societal Culture, and Institutions

Luigi Guiso, Luigi Zingales and Paola Sapienza

No 10424, CEPR Discussion Papers from Centre for Economic Policy Research

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.

Keywords: Corporate culture; Cultural economics; Institutions (search for similar items in EconPapers)
JEL-codes: K4 Z1 (search for similar items in EconPapers)
Date: 2015-02
New Economics Papers: this item is included in nep-cul, nep-evo and nep-soc
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Citations: View citations in EconPapers (69)

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