Open Access Honors Program Thesis
Farzard Moussavi, Advisor
Corporate culture--United States;
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 March 2007 to February 2017, the aggregate returns from the 20 companies outperform the matching industry sectors by 48.45% and outperform the S&P 500 by 87.33%. The 20 companies also outperform the S&P 500 and the matching industry sectors when the performance is adjusted for risk.
Year of Submission
Department of Management
University Honors Designation
A thesis submitted in partial fulfillment of the requirements for the designation University Honors
1 PDf file (22 pages)
©2017 Arijan Alagic
Alagic, Arijan, "Organizational culture: An analysis of the aggregate impact on financial performance" (2017). Honors Program Theses. 264.