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Organizational Culture: An Analysis Of The Aggregate Impact On Financial Performance, Arijan Alagic
Organizational Culture: An Analysis Of The Aggregate Impact On Financial Performance, Arijan Alagic
Honors Program Theses
Strong organizational culture, although an intangible asset, can produce tangible gains for businesses in the form of stock returns. This study uses Fortune magazine’s 100 Best Companies to Work for in America to identify companies with strong organizational culture. Of those 100, I used the stock performance of 20 public companies who have (1) been on the list for at least 10 years and (2) have been publicly traded for at least 10 years. Each of the companies is assigned a matching industry sector and the returns are compared to the overall stock market, represented by the S&P 500. From …