Effective Public Management Balancing governance and culture to create sustainable firm value

  • Jillian Popadak
  • Published 2016
As a motivating example of how governance and culture may interact to alter firm value, consider Sears Holdings. Hedge fund billionaire Eddie Lampert acquired a large position in the company nearly a decade ago. In the first year after Lampert’s acquisition, Sears Holdings thrived and equity prices outperformed the market by 18 percent. Two years later… CONTINUE READING