TY - JOUR
T1 - The effect of embedded managerial values on corporate financial outcomes
AU - Neher, Alain
AU - Jungmeister, Alexander
AU - Wang, Calvin
AU - Burmeister, Oliver
N1 - Includes bibliographical references.
PY - 2018/5/14
Y1 - 2018/5/14
N2 - This paper explores the relationship between the embeddedness of a firm’s managerial values and corporate financial performance in Swiss small and medium-sized enterprises (SMEs) by developing a conceptual Maturity Model of Managerial Values (MM-MV). The MM-MV articulates the extent to which managerial values are embedded within organisations; allowing the analysis of the interrelationship between the degree of values-embeddedness and financial performance in SMEs. The findings suggest that as managerial values become more embedded, financial performance increases; therefore SMEs exhibiting highly embedded managerial values such as customer minded, team spirit, innovation-driven reliability, persistency, competency, and engagement tend to financially outperform SMEs that have not fully embedded managerial values throughout the firm.
AB - This paper explores the relationship between the embeddedness of a firm’s managerial values and corporate financial performance in Swiss small and medium-sized enterprises (SMEs) by developing a conceptual Maturity Model of Managerial Values (MM-MV). The MM-MV articulates the extent to which managerial values are embedded within organisations; allowing the analysis of the interrelationship between the degree of values-embeddedness and financial performance in SMEs. The findings suggest that as managerial values become more embedded, financial performance increases; therefore SMEs exhibiting highly embedded managerial values such as customer minded, team spirit, innovation-driven reliability, persistency, competency, and engagement tend to financially outperform SMEs that have not fully embedded managerial values throughout the firm.
KW - Code of conduct/ethics
KW - Managerial values
KW - Maturity model of managerial values
KW - Values-based management
KW - SMEs
KW - Financial performance
UR - https://www.emeraldinsight.com/doi/pdfplus/10.1108/S1529-209620180000019013
UR - https://www.emeraldinsight.com/doi/book/10.1108/S1529-2096201819
U2 - 10.1108/S1529-209620180000019010
DO - 10.1108/S1529-209620180000019010
M3 - Article
SN - 1529-2096
VL - 19
SP - 165
EP - 204
JO - Research in Ethical Issues in Organizations
JF - Research in Ethical Issues in Organizations
ER -