On the origin of shared beliefs (and corporate culture)
AbstractThis article shows how corporate culture, in the sense of shared beliefs and values, originates (often unintentionally) through screening, self-sorting, and manager-directed joint learning. It shows that such culture will be stronger among more important employees and in older and more successful firms where employees make important decisions and the manager has strong beliefs. It further shows how a manager's beliefs influence culture, how culture persists despite turnover, and why the suggested link between culture and performance may be a case of inverse causality. It finally shows that, from an outsider's perspective, organizations may tend to overinvest in corporate culture. Copyright (c) 2010, RAND..
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by RAND Corporation in its journal The RAND Journal of Economics.
Volume (Year): 41 (2010)
Issue (Month): 4 ()
Contact details of provider:
Postal: 1776 Main Street, P.O. Box 2138, Santa Monica, California 90407-2138
Web page: http://www.blackwellpublishing.com/journal.asp?ref=0741-6261
More information through EDIRC
Other versions of this item:
- Van den Steen, Eric, 2005. "On the Origin of Shared Beliefs (and Corporate Culture)," Working papers, Massachusetts Institute of Technology (MIT), Sloan School of Management 27855, Massachusetts Institute of Technology (MIT), Sloan School of Management.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Roberto A. Weber & Colin F. Camerer, 2003. "Cultural Conflict and Merger Failure: An Experimental Approach," Management Science, INFORMS, INFORMS, vol. 49(4), pages 400-415, April.
- Roland Bénabou, 2013.
"Groupthink: Collective Delusions in Organizations and Markets,"
Review of Economic Studies,
Oxford University Press, vol. 80(2), pages 429-462.
- Bénabou, Roland, 2009. "Groupthink: Collective Delusions in Organizations and Markets," CEPR Discussion Papers, C.E.P.R. Discussion Papers 7193, C.E.P.R. Discussion Papers.
- Roland Bénabou, 2009. "Groupthink: Collective Delusions in Organizations and Markets," NBER Working Papers 14764, National Bureau of Economic Research, Inc.
- Benabou, Roland, 2013. "Groupthink: Collective Delusions in Organizations and Markets," IZA Discussion Papers 7322, Institute for the Study of Labor (IZA).
- HIROTA Shinichi & KUBO Katsuyuki & MIYAJIMA Hideaki, 2007. "Does Corporate Culture Matter? An Empirical Study on Japanese Firms," Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) 07030, Research Institute of Economy, Trade and Industry (RIETI).
- Kosfeld, Michael & von Siemens, Ferdinand, 2007.
"Competition, Cooperation, and Corporate Culture,"
IZA Discussion Papers
2927, Institute for the Study of Labor (IZA).
- Michael Kosfeld & Ferdinand von Siemens, 2007. "Competition, Cooperation, and Corporate Culture," IEW - Working Papers, Institute for Empirical Research in Economics - University of Zurich 328, Institute for Empirical Research in Economics - University of Zurich.
- Cronqvist, Henrik & Low, Angie & Nilsson, Mattias, 2007. "Does Corporate Culture Matter for Firm Policies?," SIFR Research Report Series, Institute for Financial Research 48, Institute for Financial Research.
- Marie-Louise Vierø, 2006.
"Contracting in Vague Environments,"
Working Papers, Queen's University, Department of Economics
1106, Queen's University, Department of Economics.
- Marie-Louise Vier�, 2012. "Contracting in Vague Environments," American Economic Journal: Microeconomics, American Economic Association, American Economic Association, vol. 4(2), pages 104-30, May.
- Echeverría, Manuel, 2012. "Value Oriented Organizations with Value Neutral Hierarchies," Working Papers, Lund University, Department of Economics 2012:25, Lund University, Department of Economics.
- Cronqvist, Henrik & Low, Angie & Nilsson, Mattias, 2007. "Does Corporate Culture Matter for Firm Policies?," Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics 2007-1, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
- Di Maggio, Marco, 2009. "Sweet Talk: A Theory of Persuasion," MPRA Paper 18697, University Library of Munich, Germany.
- Christian Cordes & Peter Richerson & Georg Schwesinger, 2014.
"A corporation’s culture as an impetus for spinoffs and a driving force of industry evolution,"
Journal of Evolutionary Economics, Springer,
Springer, vol. 24(3), pages 689-712, July.
- Christian Cordes & Peter J. Richerson & Georg Schwesinger, 2011. "A Corporation's Culture as an Impetus for Spinoffs and a Driving Force of Industry Evolution," Papers on Economics and Evolution 2011-11, Philipps University Marburg, Department of Geography.
- Hiller, Victor & Verdier, Thierry, 2014. "Corporate culture and identity investment in an industry equilibrium," Journal of Economic Behavior & Organization, Elsevier, Elsevier, vol. 103(C), pages 93-112.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.