Organizational culture and performance of foreign firms listed on the NYSE
DOI:
https://doi.org/10.11606/issn.1982-6486.rco.2018.139161Keywords:
Organizational culture. Cultural typology. Performance.Abstract
Supported by the Resource-Based View theoretical approach, we evaluated the organizational culture as a sustainable and strategic resource for foreign firms traded in the New York Stock Exchange. We performed a text analysis of SEC 20-F forms from 141 firms issued from 2009 up to 2014, classifying key words according to four types of organizational culture (collaborate, create, competition, control). The evidences support that the ‘competitive’ and ‘creative’ organizational cultures were the most and less representative types, respectively. ‘Collaborative’ and ‘control’ cultures presented a positive and negative effect, respectively, on corporate performance. Finally, the effects of the organizational culture type were influenced by the country of origin and by legal system operating in the firm’s home country. Our results support that organizational culture is an important strategic component for corporate performance which deserves more attention from managers, investors and academics.Downloads
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