Social Progress and Corporate Culture

63 Pages Posted: 30 Jan 2019 Last revised: 18 Feb 2022

See all articles by Gary B. Gorton

Gary B. Gorton

Yale School of Management; National Bureau of Economic Research (NBER); Yale University - Yale Program on Financial Stability

Alexander Zentefis

Yale School of Management

Multiple version iconThere are 2 versions of this paper

Date Written: January 2019

Abstract

Social progress through improved treatment of minority groups (the embrace of anti-racist and anti-sexist norms, for example) may or may not spread to corporate cultures through competition. Sometimes the market fails to adapt on its own and government must pass legislation to secure changes in the workplace. We show how corporate culture is determined, why a variety of corporate cultures exist, and whether progressive corporate cultures can oust regressive ones.

Suggested Citation

Gorton, Gary B. and Zentefis, Alexander, Social Progress and Corporate Culture (January 2019). NBER Working Paper No. w25484, Available at SSRN: https://ssrn.com/abstract=3324065

Gary B. Gorton (Contact Author)

Yale School of Management ( email )

165 Whitney Ave
P.O. Box 208200
New haven, CT 06511
United States

HOME PAGE: http://mba.yale.edu/faculty/profiles/gorton.shtml

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Yale University - Yale Program on Financial Stability

165 Whitney Avenue
P.O. Box 208200
New Haven, CT 06520-8200
United States

Alexander Zentefis

Yale School of Management ( email )

135 Prospect Street
P.O. Box 208200
New Haven, CT 06520-8200
United States

HOME PAGE: http://som.yale.edu/alexander-zentefis

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
18
Abstract Views
428
PlumX Metrics