Analysis of corporate value statements: an empirical study. (2nd August 2019)

• Record Type: Journal Article
• Authors: Tessema, Mussie; Dhumal, Parag; Sauers, Daniel; Tewolde, Sebhatleab; Teckle, Paulos
• Is Part Of: International journal of corporate governance. Volume 10:Number 2(2019)
• Page Start: 149
• Page End: 164
• Publication Date: 2019-08-02
• Subjects: corporate value -- vision -- mission -- statement -- classification -- dimensions -- strategy -- culture -- companies -- New York Stock Exchange; Corporate governance -- Periodicals; 658.4
• Languages: English
• ISSNs: 1754-3037

Abstract

Organisations, whether they are private, public or NGOs have a set of values, whether or not they are written down. This study identifies, classifies, and discusses corporate values statements using companies that are listed on the New York Stock Exchange. The sample companies had 51 value classes, which were then grouped into seven value dimensions: commitment to customers, commitment to stakeholders, commitment to employees, commitment to diversity, commitment to integrity, entrepreneurship, and social responsibility. On the average, they had about six publicised corporate values statements. This study also discusses the theoretical and practical implications of the findings and proposes an agenda for future research directions.