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The Survival of Unique Corporate Cultures

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  • Gil S. Epstein
  • Renana Lindner‐Pomerantz

Abstract

In this paper we identify two situations that can lead a firm to hire an executive who supports a corporate culture that differs from the firm's current culture. In the first case, there is a similarity between the firm's culture and that of the candidate, and in the second case, executives who support the firm's culture constitute a minority of the available candidates. In both cases the firm prefers to hire an available candidate, rather than risk a prolonged vacancy. We show how these scenarios can lead to the eradication of unique cultures and to the perpetuation of more common cultures. Copyright © 2016 John Wiley & Sons, Ltd.

Suggested Citation

  • Gil S. Epstein & Renana Lindner‐Pomerantz, 2017. "The Survival of Unique Corporate Cultures," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 38(4), pages 622-629, June.
    • Handle: RePEc:wly:mgtdec:v:38:y:2017:i:4:p:622-629
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    References listed on IDEAS

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    1. Gil S Epstein, 2012. "Employer’s information and promotion-seeking activities," Economics and Business Letters, Oviedo University Press, vol. 1(4), pages 21-32.
    2. Eric Van den Steen, 2010. "Culture Clash: The Costs and Benefits of Homogeneity," Management Science, INFORMS, vol. 56(10), pages 1718-1738, October.
    3. Schein, Edgar H., 1983. "The role of the founder in the creation of organizational culture," Working papers 1407-83., Massachusetts Institute of Technology (MIT), Sloan School of Management.
    4. Epstein, Gil S., 2012. "Employer's Information and Promotion-Seeking Activities," IZA Discussion Papers 7023, Institute of Labor Economics (IZA).
    5. Gil S. Epstein & Renana Lindner Pomerantz, 2013. "Assimilation through Marriage," Review of International Economics, Wiley Blackwell, vol. 21(2), pages 191-203, May.
    6. Furtado Delia & Theodoropoulos Nikolaos, 2010. "Why Does Intermarriage Increase Immigrant Employment? The Role of Networks," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 10(1), pages 1-33, November.
    7. Eric Van den Steen, 2005. "Organizational Beliefs and Managerial Vision," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 21(1), pages 256-283, April.
    8. Delia Furtado & Nikolaos Theodoropoulos, 2009. "I'll marry you if you get me a job," International Journal of Manpower, Emerald Group Publishing Limited, vol. 30(1/2), pages 116-126, March.
    9. Furtado, Delia & Theodoropoulos, Nikolaos, 2009. "I'll Marry You If You Get Me a Job: Marital Assimilation and Immigrant Employment Rates," IZA Discussion Papers 3951, Institute of Labor Economics (IZA).
    10. Yaakov Weber & Oded Shenkar & Adi Raveh, 1996. "National and Corporate Cultural Fit in Mergers/Acquisitions: An Exploratory Study," Management Science, INFORMS, vol. 42(8), pages 1215-1227, August.
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    More about this item

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights

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