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The Spirits of capitalism: German, Japanese, and US senior executive perceptions of why firms exist

Author: Witt, Michael A. ; Redding, GordonINSEAD Area: Economics and Political Science ; Entrepreneurship and Family Enterprise Series: Working Paper ; 2009/61/EPS/EFE Publisher: Fontainebleau : INSEAD, 2009.Language: EnglishType of document: INSEAD Working PaperAbstract: We present ethnographic evidence that senior executives of major firms in the three leading advanced industrialised economies – those of Germany, Japan, and the United States – hold very different views of the reasons for the existence of the firm. Our results have implications for the understanding of cross-societal variations in economic organization and action, including corporate governance as it is broadly conceived and strategy.
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INSEAD Working Paper Asia Campus
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INSEAD Working Paper Europe Campus
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Print Available BC008933
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We present ethnographic evidence that senior executives of major firms in the three leading advanced industrialised economies – those of Germany, Japan, and the United States – hold very different views of the reasons for the existence of the firm. Our results have implications for the understanding of cross-societal variations in economic organization and action, including corporate governance as it is broadly conceived and strategy.

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