The Influence Of Corporate Culture On Business Performance

With the rapid development of the socialist market economy,our national economy has been developing rapidly in the past thirty years.However,the entire society is filled with the phenomena of lack of honesty such as the government's commitment can't deliver in time,and shoddy actions of enterprises who produce and sell fake products against the interests of consumers,financial fraud against the capital market investors of listed companies,the personal behavior of malicious arrears.All these has greatly increased the transaction cost of enterprises,reduced the economic benefit,or even will affect the development of the country's economic in the long term.Nowadays,integrity has been increasingly considered as an important social capital,in addition to physical capital and human capital,to determine a country's economic growth and social progress.The public anxiety of the enterprise credit and the yearning for integrity has become increasingly prominent.In the academic circles,the topic of good faith culture has attracted the attention of scholars,and the research results have analyzed the influence of integrity culture on national economy and enterprises from different perspectives.This paper selects all the A shares listed companies in China's capital market from 2006 to 2015 as the research samples,from the perspective of enterprise performance,to study the influence of integrity oriented enterprise culture on corporates' performance.Firstly,the paper will give the concepts on business performance and integrity culture of enterprises.Then it will elaborate the theoretical basis of the logical relationship between corporate culture and business performance.Lastly,it will explain the relationship between integrity culture,the position of integrity culture and business performance.Also,this paper will study the relationship under the different property rights,the scale of the enterprise.Through the empirical analysis,this paper concludes that the corporate integrity culture can improve the business performance.Specific performance are as follows:(1)there is a positive correlation between corporate integrity culture and business performance;(2)the number of "integrity" is mentioned in the enterprise culture had significant positive correlation with business performance;(3)there is a positive correlation between corporate culture and business the performance in state-owned enterprises,but it was not significant in the state-owned enterprises;(4)there is a more significant positive correlation between corporate culture and business performance in the small scale enterprises,but it was not significant in large scale enterprises.From the theoretical point of view,the paper shows that the influence of honesty culture on corporate performance of Listed Companies in China is positive,and it is necessary to strengthen the construction of integrity culture for the listed companies in China.This paper gives forward relevant suggestions on the construction of the integrity ofcorporate culture from the three aspects of government,enterprise and external media:(1)for the government,such as establishing the integrity of government as a model in the market economy,taking the legal constraints and moral guidance into account,and establishing a comprehensive local credit system recommendations;(2)for the enterprises,management activities of the integrity of the enterprise culture construction should be connected with culture of integrity;(3)for the social,the function of the external supervision of the media could be taken into account.