251.53 sec. 001 - Corporate Culture (Fall 2021)
Instructor: Jillian Grennan
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Grading Designation: Credit Only
Mode of Instruction: In-Person
- W 6:25 PM - 8:15 PM
Location: Law 132
From August 18, 2021
To September 29, 2021
Course End: September 29, 2021
Class Number: 31991
Enroll Limit: 50
As of: 10/16 05:37 PM
It is widely agreed that corporate culture is an important driver of business value. Policymakers often point to dysfunctional corporate culture in banking as a first order contributor to the financial crisis, and blame toxic cultures for egregious behavior in recent years at firms like VW, Toshiba, Uber, and Pinterest. At the same time, a central theme in legal and economic research is the quest for institutions that promote sustainable growth and superior performance. Building on a broader literature on corporate institutions, students will examine corporate culture through the lens of an informal institution. Students will examine the element of purposeful design inherent in culture and learn how differences in espoused and lived cultural values are associated with various business outcomes. Finally, students will examine how companies can achieve meaningful culture change and meet the evolving regulatory and stakeholder expectations for a lived culture that permeates ethics and compliance.
Professor Grennan will be visiting UC-Berkeley for the 2021-2022 academic year from Duke University, where she is an Assistant Professor of Finance at the Fuqua School of Business. She was awarded Fuqua’s excellence in teaching award in 2017. Professor Grennan’s academic interests span corporate finance, law, and innovation. Her research focuses on sustainable value creation and emphasizes the role corporate culture and governance have in its creation. For companies to fully embrace sustainable objectives, they need new tools. To that end, Grennan's research offers novel computational techniques for quantifying the value of corporate culture. Her research has been featured in numerous news outlets including the Wall Street Journal, Forbes, and Fortune and has been awarded the Cubist Systematic Strategies Research Award, the Thomas Edison Innovation Award, and twice the Best Paper in Corporate Governance Award by the Investor Responsibility Research Center Institute. Professor Grennan received her Ph.D. from The Wharton School at the University of Pennsylvania, an M.A. from Georgetown University, and a B.A. from Wellesley College.
Exam Notes: (None) Class requires a series of papers, assignments, or presentations throughout the semester
Course Category: Business Law
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Instructor has indicated that no books will be assigned.