Daniel José Cardoso Da Silva
Doctorate – Culture and its values: an investigation on the impact of organizational culture on the financial performance of companies
Advisor: Prof. Dr. Lucas Ayres B. de Campos Barros
Comission: Profs. Drs. Wesley Mendes da Silva, Francisco H. F. de Castro Junior and André Luiz Fischer
Class: 217, FEA-5
Organizational culture, although exalted by scholars, because of its importance for performance and, ultimately, for the survival of companies, is starved for lack of empirical studies in the area of finance. The reason seems to be closely linked to the rarity of data and the difficulty of replicating empirical studies. Guiso et al (2015) is a rare example of work published in a specialized journal in the area. However, this study seeks to fill this gap, using data from PROGEPE-FIA's MEPT (Best Companies to Work for in Brazil) and making cross-referencing with financial data from several national and international databases, as well as data related to the labor actions of those companies participating in the research, results are found that point out with relevance and statistical significance that cultural values are associated with the performance of firms. The relationship between the characteristics of the organizations and their values is similarly related to the characteristics of the respondents, as well as to the performance of the entities. companies that balance the time of their work less labor lawsuits. This is how the present thesis contributes to the literature on finance and accounting.
*Abstract provided by the author