The effect of embedded managerial values on corporate financial outcomes

Abstract

This paper explored 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 organizations, allowing the analysis of the interrelationship between the degree of values-embeddedness and financial performance in SMEs. The findings suggested 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, persis-tency, competency, and engagement tend to financially outperform SMEs that have not fully embedded managerial values throughout the firm.

Keywords

Code of conduct/ethics, Financial performance, Managerial values, Maturity model of managerial values, SMEs, Values-based management

Document Type

Book Chapter

Date of Publication

2018

Volume

19

Publication Title

Visual Ethics

Publisher

Emerald

School

Graduate Research Services

Comments

Neher, A., Jungmeister, A., Wang, C., & Burmeister, O. (2018). The effect of embedded managerial values on corporate financial outcomes. In M. Schwartz, H. Harris & D. R. Comer (Eds.), Visual Ethics (pp. 165-204). Emerald Publishing Limited. https://doi.org/10.1108/S1529-209620180000019010

Copyright

subscription content

First Page

165

Last Page

204

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Link to publisher version (DOI)

10.1108/S1529-209620180000019010