The effect of creative corporate culture and intangibility on the performance of foreign firms traded on the NYSE
Autor(a) principal: | |
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Data de Publicação: | 2018 |
Outros Autores: | , , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Revista de Administração e Inovação |
Texto Completo: | https://www.revistas.usp.br/rai/article/view/153102 |
Resumo: | Purpose – Following the tenets of resource-based view, the present study aims to investigate the effect of creative corporate culture according to the competing values framework model at the level of corporate intangibility and its respective repercussions on performance. Design/methodology/approach – The sample included 117 non-USA foreign firms traded on the New York Stock Exchange (NYSE), which issued annual financial reports between 2009 and 2014 using the 20-F form. To meet the study objectives, in addition to the descriptive and comparative analyses, the authors performed regression analyses with panel data, estimating generalized least-squares, two-stage least-squares and ordinary least-squares. Findings – Creative culture had a negative effect on the level of intangibility and corporate performance, while the level of intangibility did not appear to influence corporate performance. When combined, creative culture and intangibility had a potentially negative effect on corporate results. In conclusion, creative corporate culture had a negative effect on performance, even in firms with higher levels of intangibility, characterized by elements like experimentation and innovation. Originality/value – Although the study hypotheses were eventually rejected, the analyses are relevant to both the academic setting and the market because of the organizational and institutional aspects evaluated, especially in relation to intangibility and creative culture and in view of the unique cross-cultural approach adopted. Within the corporate setting, the study provides a spectrum of stakeholders with tools to identify the profile of foreign firms traded on the NYSE. |
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The effect of creative corporate culture and intangibility on the performance of foreign firms traded on the NYSEResource-based viewIntangible assetsCompeting values frameworkCreative corporate culturePurpose – Following the tenets of resource-based view, the present study aims to investigate the effect of creative corporate culture according to the competing values framework model at the level of corporate intangibility and its respective repercussions on performance. Design/methodology/approach – The sample included 117 non-USA foreign firms traded on the New York Stock Exchange (NYSE), which issued annual financial reports between 2009 and 2014 using the 20-F form. To meet the study objectives, in addition to the descriptive and comparative analyses, the authors performed regression analyses with panel data, estimating generalized least-squares, two-stage least-squares and ordinary least-squares. Findings – Creative culture had a negative effect on the level of intangibility and corporate performance, while the level of intangibility did not appear to influence corporate performance. When combined, creative culture and intangibility had a potentially negative effect on corporate results. In conclusion, creative corporate culture had a negative effect on performance, even in firms with higher levels of intangibility, characterized by elements like experimentation and innovation. Originality/value – Although the study hypotheses were eventually rejected, the analyses are relevant to both the academic setting and the market because of the organizational and institutional aspects evaluated, especially in relation to intangibility and creative culture and in view of the unique cross-cultural approach adopted. Within the corporate setting, the study provides a spectrum of stakeholders with tools to identify the profile of foreign firms traded on the NYSE.Universidade de São Paulo. Faculdade de Economia, Administração e Contabilidade2018-12-21info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://www.revistas.usp.br/rai/article/view/153102INMR - Innovation & Management Review; v. 15 n. 4 (2018); 356-3722515-8961reponame:Revista de Administração e Inovaçãoinstname:Universidade de São Paulo (USP)instacron:USPenghttps://www.revistas.usp.br/rai/article/view/153102/149625De Luca, Marcia Martins MendesParente, Parique Nobre Parenteulo Henrique NobreSilva, Emanoel Mamede SousaSousa, Ravena Rodriguesinfo:eu-repo/semantics/openAccess2018-12-21T13:15:58Zoai:revistas.usp.br:article/153102Revistahttp://www.viannajr.edu.br/wp-content/uploads/2016/01/raiPUBhttp://www.revistas.usp.br/viaatlantica/oairevistarai@usp.br||tatianepgt@revistarai.org1809-20391809-2039opendoar:2018-12-21T13:15:58Revista de Administração e Inovação - Universidade de São Paulo (USP)false |
dc.title.none.fl_str_mv |
The effect of creative corporate culture and intangibility on the performance of foreign firms traded on the NYSE |
title |
The effect of creative corporate culture and intangibility on the performance of foreign firms traded on the NYSE |
spellingShingle |
The effect of creative corporate culture and intangibility on the performance of foreign firms traded on the NYSE De Luca, Marcia Martins Mendes Resource-based view Intangible assets Competing values framework Creative corporate culture |
title_short |
The effect of creative corporate culture and intangibility on the performance of foreign firms traded on the NYSE |
title_full |
The effect of creative corporate culture and intangibility on the performance of foreign firms traded on the NYSE |
title_fullStr |
The effect of creative corporate culture and intangibility on the performance of foreign firms traded on the NYSE |
title_full_unstemmed |
The effect of creative corporate culture and intangibility on the performance of foreign firms traded on the NYSE |
title_sort |
The effect of creative corporate culture and intangibility on the performance of foreign firms traded on the NYSE |
author |
De Luca, Marcia Martins Mendes |
author_facet |
De Luca, Marcia Martins Mendes Parente, Parique Nobre Parenteulo Henrique Nobre Silva, Emanoel Mamede Sousa Sousa, Ravena Rodrigues |
author_role |
author |
author2 |
Parente, Parique Nobre Parenteulo Henrique Nobre Silva, Emanoel Mamede Sousa Sousa, Ravena Rodrigues |
author2_role |
author author author |
dc.contributor.author.fl_str_mv |
De Luca, Marcia Martins Mendes Parente, Parique Nobre Parenteulo Henrique Nobre Silva, Emanoel Mamede Sousa Sousa, Ravena Rodrigues |
dc.subject.por.fl_str_mv |
Resource-based view Intangible assets Competing values framework Creative corporate culture |
topic |
Resource-based view Intangible assets Competing values framework Creative corporate culture |
description |
Purpose – Following the tenets of resource-based view, the present study aims to investigate the effect of creative corporate culture according to the competing values framework model at the level of corporate intangibility and its respective repercussions on performance. Design/methodology/approach – The sample included 117 non-USA foreign firms traded on the New York Stock Exchange (NYSE), which issued annual financial reports between 2009 and 2014 using the 20-F form. To meet the study objectives, in addition to the descriptive and comparative analyses, the authors performed regression analyses with panel data, estimating generalized least-squares, two-stage least-squares and ordinary least-squares. Findings – Creative culture had a negative effect on the level of intangibility and corporate performance, while the level of intangibility did not appear to influence corporate performance. When combined, creative culture and intangibility had a potentially negative effect on corporate results. In conclusion, creative corporate culture had a negative effect on performance, even in firms with higher levels of intangibility, characterized by elements like experimentation and innovation. Originality/value – Although the study hypotheses were eventually rejected, the analyses are relevant to both the academic setting and the market because of the organizational and institutional aspects evaluated, especially in relation to intangibility and creative culture and in view of the unique cross-cultural approach adopted. Within the corporate setting, the study provides a spectrum of stakeholders with tools to identify the profile of foreign firms traded on the NYSE. |
publishDate |
2018 |
dc.date.none.fl_str_mv |
2018-12-21 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://www.revistas.usp.br/rai/article/view/153102 |
url |
https://www.revistas.usp.br/rai/article/view/153102 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
https://www.revistas.usp.br/rai/article/view/153102/149625 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Universidade de São Paulo. Faculdade de Economia, Administração e Contabilidade |
publisher.none.fl_str_mv |
Universidade de São Paulo. Faculdade de Economia, Administração e Contabilidade |
dc.source.none.fl_str_mv |
INMR - Innovation & Management Review; v. 15 n. 4 (2018); 356-372 2515-8961 reponame:Revista de Administração e Inovação instname:Universidade de São Paulo (USP) instacron:USP |
instname_str |
Universidade de São Paulo (USP) |
instacron_str |
USP |
institution |
USP |
reponame_str |
Revista de Administração e Inovação |
collection |
Revista de Administração e Inovação |
repository.name.fl_str_mv |
Revista de Administração e Inovação - Universidade de São Paulo (USP) |
repository.mail.fl_str_mv |
revistarai@usp.br||tatianepgt@revistarai.org |
_version_ |
1800221937313513472 |