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Analysis of corporate value statements: an empirical study

Author

Listed:
  • Mussie Tessema
  • Parag Dhumal
  • Daniel Sauers
  • Sebhatleab Tewolde
  • Paulos Teckle

Abstract

Organisations, whether they are private, public or NGOs have a set of values, whether or not they are written down. This study identifies, classifies, and discusses corporate values statements using companies that are listed on the New York Stock Exchange. The sample companies had 51 value classes, which were then grouped into seven value dimensions: commitment to customers, commitment to stakeholders, commitment to employees, commitment to diversity, commitment to integrity, entrepreneurship, and social responsibility. On the average, they had about six publicised corporate values statements. This study also discusses the theoretical and practical implications of the findings and proposes an agenda for future research directions.

Suggested Citation

  • Mussie Tessema & Parag Dhumal & Daniel Sauers & Sebhatleab Tewolde & Paulos Teckle, 2019. "Analysis of corporate value statements: an empirical study," International Journal of Corporate Governance, Inderscience Enterprises Ltd, vol. 10(2), pages 149-164.
  • Handle: RePEc:ids:ijcgov:v:10:y:2019:i:2:p:149-164
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    Cited by:

    1. Ahmed Taher, 2023. "Do corporate values have value? The impact of corporate values on financial performance," Future Business Journal, Springer, vol. 9(1), pages 1-11, December.

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