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Corporate culture - externally committed values: The case study of DHG joint stock company on the Vietnam stock exchange

Author

Listed:
  • Duyen Thi Le Chau

    (Can Tho University, Can Tho, Vietnam)

  • Hiep Minh Phuoc

    (SIU)

  • Canh Minh Nguyen

    (Can Tho University, Can Tho, Vietnam)

  • Liem Thanh Nguyen

    (Tra Vinh University, Tra Vinh, Vietnam)

  • Nhu Thi Huynh Tran

    (Can Tho University, Can Tho, Vietnam)

Abstract

This study “Corporate culture - external commitment values: the case study of DHG Joint Stock company on the Vietnam Stock Exchange” is an assessment of the culture of the organization through the values agreed in the annual report of enterprises in the pharmaceutical industry in Vietnam today - the case of DHG Joint Stock Company as a specific analysis to generalize Siehl and Martin’s (1989) theory of corporate culture, utilizing annual reports, and publicly transparent financial statements of the company. The research aims to introduce an alternative method, a different perspective on Vietnam through corporate commitments in the annual reports disclosed by these businesses. The study is conducted with the objective of evaluating corporate culture based on externally endorsed values concerning relevant stakeholders, which is crucial for public companies, especially in how they interact with their stakeholders. Research results showing that DHG focuses on committed values belonging to objects outside the organization such as economic allocation; customer; corporate social responsibility, this will create transparency and trust of many stakeholders other than employees such as customers, shareholders, investors, the communities and the government.

Suggested Citation

  • Duyen Thi Le Chau & Hiep Minh Phuoc & Canh Minh Nguyen & Liem Thanh Nguyen & Nhu Thi Huynh Tran, 2024. "Corporate culture - externally committed values: The case study of DHG joint stock company on the Vietnam stock exchange," HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE - ECONOMICS AND BUSINESS ADMINISTRATION, HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE, HO CHI MINH CITY OPEN UNIVERSITY, vol. 14(4), pages 75-88.
    • Handle: RePEc:bjw:econen:v:14:y:2024:i:4:p:75-88
    DOI: 10.46223/HCMCOUJS.econ.en.14.4.2726.2024
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    References listed on IDEAS

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    2. Muhammad Asad Khan & Fadillah Binti Ismail & Altaf Hussain & Basheer Alghazali, 2020. "The Interplay of Leadership Styles, Innovative Work Behavior, Organizational Culture, and Organizational Citizenship Behavior," SAGE Open, , vol. 10(1), pages 21582440198, January.
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    More about this item

    Keywords

    corporate culture; externally espoused values; organizational culture; pharmaceutical industry; stakeholder relationships; transparency;
    All these keywords.

    JEL classification:

    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • M31 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Marketing

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