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The Impact of Cultural Values on Corporate Sustainable Development Practices

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• Volume 7,Issue 2, March 2020

Year:

2020

Type of Publication:

Article

Keywords:

National Culture, Organizational Culture, Corporate Sustainable Development, Competing Values Framework, Greece

Authors:

• Deirmentzoglou, Dr. Georgios A.
• Agoraki, Dr. Konstantina K.
• Fousteris, Dr. Andreas E.
• Pekka-Economou, Prof. Dr. Victoria

Journal:

IJIRES

Volume:

7

Number:

2

Pages:

92-106

Month:

March

ISSN:

2349-5219

BibTex:

@article{1697, author = "Dr. Georgios A. Deirmentzoglou and Dr. Konstantina K. Agoraki and Dr. Andreas E. Fousteris and Prof. Dr. Victoria Pekka-Economou", abstract = "The study investigates the impact of cultural values on business executives’ actions regarding corporate sustainable development (CSD) in Greece. Corporate sustainable development is examined as an integrated construct of three dimensions (environmental, economic and social development), and organizational culture is used as a control variable, among others, to assess the relationship between sustainability and cultural values. The survey on the CEOs of medium- and large-sized firms reveals that two of the six Hofstede’s cultural dimensions, long-term orientation and collectivism, have a significant effect on executives’ actions concerning corporate sustainable development. Specifically, collectivism is negatively related to corporate sustainable development, while long-term orientation is positively related. Moreover, the results indicate that organizational culture and a firm’s size are significantly associated with corporate sustainable development practices.", issn = "23495219", journal = "IJIRES", keywords = "National Culture, Organizational Culture, Corporate Sustainable Development, Competing Values Framework, Greece", month = "March", number = "2", pages = "92-106", title = "{T}he {I}mpact of {C}ultural {V}alues on {C}orporate {S}ustainable {D}evelopment {P}ractices", volume = "7", year = "2020", }

Abstract:

The study investigates the impact of cultural values on business executives’ actions regarding corporate sustainable development (CSD) in Greece. Corporate sustainable development is examined as an integrated construct of three dimensions (environmental, economic and social development), and organizational culture is used as a control variable, among others, to assess the relationship between sustainability and cultural values. The survey on the CEOs of medium- and large-sized firms reveals that two of the six Hofstede’s cultural dimensions, long-term orientation and collectivism, have a significant effect on executives’ actions concerning corporate sustainable development. Specifically, collectivism is negatively related to corporate sustainable development, while long-term orientation is positively related. Moreover, the results indicate that organizational culture and a firm’s size are significantly associated with corporate sustainable development practices.

Full text: IJIRES_1697_FINAL.pdf Online version [Bibtex]