Organizational culture and financial performance: evidence in companies listed in the Brazil Index 100

Abstract

Purpose: The study investigates the relationship between organizational culture and financial performance of companies classified in the IBrX 100. Methodology: The organizational culture of 83 companies were analyzed through textual analysis, based on the cultural typologies developed by Cameron et al. (2006) and the performance data were taken from Thomson Reuters®. Results: The results of the multiple linear regression highlight that organizational culture is related in different ways with financial performance. However, not all dimensions of culture had the same relation in promoting performance. The control dimensions and the creative impact financial performance. On the other hand, cultural orientations aimed at competitiveness and collaboration are not related to performance. From this perspective, financial performance incorporates the two main aspects of organizational culture: (i) the permeability of innovative elements and flexibility; and (ii) the conduction of processes through efficiency and operational control. Study Contributions: The research offers society an explicit mapping of organizational culture typifications, so in the long term this document can serve as strategic information for social institutions to build mechanisms that maximize the informational quality and timeliness of accounting narratives. From a theoretical point of view, the research contributes to fostering discussions about the positionality of accounting narratives with regard to influencing the company's performance and culture.

Keywords

• corporate culture. cultural typologies. performance. financial accounting. disclosure. accounting narratives. brazilian companies..