Organization performance and happiness in the context of leadership behavior (case study base on psychological well-beings)

Demircioğlu, Emre (2014): Organization performance and happiness in the context of leadership behavior (case study base on psychological well-beings). Published in: International Research Journal of York University , Vol. 1, No. 1 (May 2014): pp. 47-72.

Abstract

Performance and happiness go hand in hand in creating a corporation flourishing. With each associate in nursing acceptable performance management system and a positive approach to influencing those who will increase happiness, associate in nursing organization’s key results will additional probably be achieved and sustained.

Employee performance affects company performance, If you categorical clear expectations to your workers, each you and your company can relish augmented motivation and every one that interprets directly into clearly measurable goals, improved morale, a happier geographical point and better profits. See whether or not your company has all of the objectives of performance management in situ, and whether or not you’re really receiving all of the benefits!

Business outcome measures are assessed as well as client satisfaction, worker performance and worker happiness. Each applied mathematics (regression analysis/p-values) and analysis are used retrospectively on knowledge collected over 3 years.

The research paper explore the link between happiness and performance victimization a longtime leadership development program designed to extend the amount of happy – high performers in a company inside an outsized international corporation.

There are, however, implications for leadership, future analysis regarding happy – high performance and teaching. Leaders recognized their impact on worker happiness and performance and learned however happiness are often evaluated in reference to a lot of ancient business measures. The everyday method of educational theory preceding field application is reversed during this field study. The observations from the sector might interest practitioners and stimulate academics to any study happy – high performance in workplace settings.

Trends within the applied mathematics knowledge, leadership feedback and responses from a “Happiness Index” establish many themes including: (1) happiness and performance tend to maneuver within the same direction, (2) high play acting staff manufacture glad customers, and (3) happy staff end in glad customers. the tiny sample size, retrospective nature of the analysis and lack of a longitudinal approach cause the results and conclusions to be strained.

• Item Type: MPRA Paper
• Language: English
• Keywords: organization performance, organization happiness, workplace, psychological well-beings, leadership
• Subjects: L - Industrial Organization > L2 - Firm Objectives, Organization, and Behavior; L - Industrial Organization > L2 - Firm Objectives, Organization, and Behavior > L21 - Business Objectives of the Firm; L - Industrial Organization > L2 - Firm Objectives, Organization, and Behavior > L26 - Entrepreneurship

References

Abdelsalam, O., A. El-Masry, et al. (2008). "Board composition, ownership structure and dividend policies in an emerging market: further evidence from CASE 50." Managerial Finance34(12): 953-964.

Abor, J. (2005). "The effect of capital structure on profitability: an empirical analysis of listed firms in Ghana." Journal of Risk Finance, The6(5): 438-445.

Abor, J. (2007). "Debt policy and performance of SMEs: Evidence from Ghanaian and South African firms." Journal of Risk Finance, The8(4): 364-379.

Abor, J. (2008). "Agency theoretic determinants of debt levels: evidence from Ghana." Review of Accounting and Finance7(2): 183-192.

Aggarwal, R. and G. Baliga (1987). "Capital structure among Latin American companies." Managerial Finance13(1): 3-11.

Al-Najjar, B. and K. Hussainey (2011). "Revisiting the capital-structure puzzle: UK evidence." Journal of Risk Finance, The12(4): 329-338.

Al-Najjar, B. and P. Taylor (2008). "The relationship between capital structure and ownership structure: New evidence from Jordanian panel data." Managerial Finance34(12): 919-933.

Al-Sakran, S. A. (2001). "Leverage determinants in the absence of corporate tax system: the case of non-financial publicly traded corporations in Saudi Arabia." Managerial Finance27(10/11): 58-86.

Boateng, A. (2004). "Determinants of capital structure: Evidence from international joint ventures in Ghana." International Journal of Social Economics31(1/2): 56-66.

Bokpin, G. A. and A. C. Arko (2009). "Ownership structure, corporate governance and capital structure decisions of firms: Empirical evidence from Ghana." Studies in Economics and Finance26(4): 246-256.

Boone, N., S. Colombage, et al. (2011). "Block shareholder identity and firm performance in New Zealand." Pacific Accounting Review23(2): 185-210.

Casey, K. M., G. Sumner, et al. (2006). "REIT capital structure: is it market imposed?" Managerial Finance32(12): 981-987.

Choi, H. M., W. Sul, et al. (2012). "Foreign board membership and firm value in Korea." Management decision50(2): 207-233.

Chou, S., C. Wu, et al. (2007). "Control or invest? Understanding the complex interests of managerial ownership." Studies in Economics and Finance24(3): 188-206.

Crutchley, C. E. and M. R. Jensen (1996). "Changes in corporate debt policy: information asymmetry and agency factors." Managerial Finance22(2): 1-15.

Ebaid, I. E.-S. (2009). "The impact of capital-structure choice on firm performance: empirical evidence from Egypt." Journal of Risk Finance, The10(5): 477-487.

Eldomiaty, T. I. (2008). "Determinants of corporate capital structure: evidence from an emerging economy." International Journal of Commerce and Management17(1/2): 25-43.

Eriotis, N., D. Vasiliou, et al. (2007). "How firm characteristics affect capital structure: an empirical study." Managerial Finance33(5): 321-331.

Ezeoha, A. E. and F. O. Okafor (2010). "Local corporate ownership and capital structure decisions in Nigeria: a developing country perspective." Corporate Governance10(3): 249-260.

Florackis, C. (2008). "Agency costs and corporate governance mechanisms: evidence for UK firms." International Journal of Managerial Finance4(1): 37-59.

Fosberg, R. H. (2004). "Agency problems and debt financing: leadership structure effects." Corporate Governance4(1): 31-38.

Ganguli, S. K. (2013). "Capital structure–does ownership structure matter? Theory and Indian evidence." Studies in Economics and Finance30(1): 56-72.

García-Meca, E. and J. P. Sánchez-Ballesta (2011). "Firm value and ownership structure in the Spanish capital market." Corporate Governance11(1): 41-53.

Groth, J. C. and R. C. Anderson (1997). "Capital structure: perspectives for managers." Management decision35(7): 552-561.

Honghai, Y., X. Longbing, et al. (2011). "Ultimate ownership, institutions and listed companies' debt financing: Based on the perspective of controlling shareholders." China Finance Review International1(4): 316-333.

Huang, H., Q. Wang, et al. (2009). "The effect of CEO ownership and shareholder rights on cost of equity capital." Corporate Governance9(3): 255-270.

Hussainey, K. and K. Aljifri (2012). "Corporate governance mechanisms and capital structure in UAE." Journal of Applied Accounting Research13(2): 145-160.

Isshaq, Z., G. A. Bokpin, et al. (2009). "Corporate governance, ownership structure, cash holdings, and firm value on the Ghana Stock Exchange." Journal of Risk Finance, The10(5): 488-499.

Jelinek, K. and P. S. Stuerke (2009). "The nonlinear relation between agency costs and managerial equity ownership: Evidence of decreasing benefits of increasing ownership." International Journal of Managerial Finance5(2): 156-178.

Kim, Y. H., J. C. Rhim, et al. (2007). "Interrelationships among capital structure, dividends, and ownership: evidence from South Korea." Multinational Business Review15(3): 25-42.

Kumar, N. and J. Singh (2013). "Effect of board size and promoter ownership on firm value: some empirical findings from India." Corporate Governance13(1): 88-98.

Kyereboah-Coleman, A. (2007). "The impact of capital structure on the performance of microfinance institutions." Journal of Risk Finance, The8(1): 56-71.

La Rocca, M. (2007). "The influence of corporate governance on the relation between capital structure and value." Corporate Governance7(3): 312-325.

Lappalainen, J. and M. Niskanen (2012). "Financial performance of SMEs: impact of ownership structure and board composition." Management Research Review35(11): 1088-1108.

Levitas, E., V. L. Barker III, et al. (2011). "Top manager ownership levels and incentive alignment in inventively active firms." Journal of Strategy and Management4(2): 116-135.

Li, H.-x., Z.-j. Wang, et al. (2008). "Ownership, independent directors, agency costs and financial distress: evidence from Chinese listed companies." Corporate Governance8(5): 622-636.

Liang, C.-J., T.-T. Huang, et al. (2011). "Does ownership structure affect firm value? Intellectual capital across industries perspective." Journal of Intellectual Capital12(4): 552-570.

McMahon, R. G. (2007). "Ownership structure, business growth and financial performance amongst SMEs: From Australia's business longitudinal survey." Journal of Small Business and Enterprise Development14(3): 458-477.

Morri, G. and F. Cristanziani (2009). "What determines the capital structure of real estate companies?: An analysis of the EPRA/NAREIT Europe Index." Journal of Property Investment & Finance27(4): 318-372.

Mouamer, F. M. A. (2011). "The determinants of capital structure of Palestine-listed companies." Journal of Risk Finance, The12(3): 226-241.

Mustapha, M. and A. C. Ahmad (2011). "Agency theory and managerial ownership: evidence from Malaysia." Managerial Auditing Journal26(5): 419-436.

Niskanen, J., J. Rouhento, et al. (2011). "European real estate equities: ownership structure and value of the firm." Journal of European Real Estate Research4(2): 131-144.

Ooi, J. T. (2000). "Managerial opportunism and the capital structure decisions of property companies." Journal of Property Investment & Finance18(3): 316-331.

Pergola, T. M. and D. A. Verreault (2009). "Motivations and potential monitoring effects of large shareholders." Corporate Governance9(5): 551-563.

Pindado, J. and C. de la Torre (2008). "Financial decisions as determinants of ownership structure: Evidence from Spanish family controlled firms." Managerial Finance34(12): 868-885.

Pukthuanthong, K., T. J. Walker, et al. (2013). "Does family ownership create or destroy value? Evidence from Canada." International Journal of Managerial Finance9(1): 13-48.

Shin-Ping, L. and C. Tsung-Hsien (2009). "The Determinants of corporate performance: A viewpoint from insider ownership and institutional ownership." Managerial Auditing Journal24(3): 233-247.

Shyu, J. (2013). "Ownership structure, capital structure, and performance of group affiliation: Evidence from Taiwanese group-affiliated firms." Managerial Finance39(4): 404-420.

Su, L. D. (2010). "Ownership structure, corporate diversification and capital structure: Evidence from China's publicly listed firms." Management Decision48(2): 314-339.

Theis, J. and M. Casey (1999). "An empirical investigation of agency relationships and capital structure of property management firms in the UK." Journal of Property Investment & Finance17(1): 27-34.

Tse, C.-B. and J. Y. Jia (2007). "The impacts of corporate ownership structure on the incentive of using capital structure to signal." Studies in Economics and Finance24(2): 156-181.

Ugurlu, M. (2000). "Agency costs and corporate control devices in the Turkish manufacturing industry." Journal of economic Studies27(6): 566-599.

Wansley, J. W., M. C. Collins, et al. (1996). "Further evidence on the relation between corporate ownership structure and debt policy." Managerial Finance22(2): 56-75.

Zeitun, R. and G. G. Tian (2007). "Does ownership affect a firm's performance and default risk in Jordan?" Corporate Governance7(1): 66-82.

Zuoping, X. (2011). "Ownership-control rights divergence, government intervention and choice of capital structure: Empirical evidence from listed companies in China." Nankai Business Review International 2(3): 303-324.