Conference Announcement
Economics of Culture: Balancing Norms Against Rules

November 12-13, 2015

A conference co-sponsored by the Federal Reserve Bank of New York and the Journal of Accounting and Economics.

Corporate leadership often touts their company culture, while critics often blame culture for perceived corporate shortcomings. By culture, we mean norms that are communicated implicitly as opposed to rules that are communicated explicitly. These norms may include values, mission, competitive drive, risk-taking, entrepreneurial spirit, results focus, etc. These norms may be communicated formally or informally. Critics question whether there is a culture problem in the financial services industry in particular as well as more broadly within the corporate sector. The goal of the conference is to promote a better understanding of how culture affects the structure and conduct of firms, in particular financial firms.


This conference is closed to the media and attendance is by invitation only.

Agenda >> pdf
Registration >> offsite

Federal Reserve Bank of New York
Benjamin Strong Room, 10th Floor
33 Liberty Street
New York, NY

Conference Organizers

Tobias Adrian, Federal Reserve Bank of New York
John Core, Massachusetts Institute of Technology
Wayne Guay, University of Pennsylvania
S.P. Kothari, Massachusetts Institute of Technology
Hamid Mehran, Federal Reserve Bank of New York

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