Culture

Working Paper

Creative Corporate Culture and Innovation

We define creative companies by means of the Competing Value Framework, and we identify them by means of textual analysis. We show that a creative corporate culture is an important driver of innovation, as measured by the number of patents a firm...Read more

Franco Fiordelisi
Luc Renneboog
Ornella Ricci
Saverio Stentella Lopes
06 November 2018

Do Cultural Differences Between Contracting Parties Matter? Evidence from Syndicated Bank Loans

We investigate whether cultural differences between professional decision-makers affect financial contracts in a large dataset of international syndicated bank loans. We find that more culturally distant lead banks offer borrowers smaller loans...Read more

Mariassunta Giannetti
Yishay Yafeh
01 September 2008

Pages