Corporate Culture, Societal Culture, and Institutions

Luigi Guiso, Paola Sapienza and Luigi Zingales

No 1501, EIEF Working Papers Series from Einaudi Institute for Economics and Finance (EIEF)

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.

Pages: 7 pages
Date: 2015, Revised 2015-01
New Economics Papers: this item is included in nep-cul
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Citations: View citations in EconPapers (45)

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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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Persistent link: https://EconPapers.repec.org/RePEc:eie:wpaper:1501

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