Effect of transformational leadership, institutional quality and political competition on corporate performance of Nigeria National Petroleum Corporation
Corporate performance is now widely recognized as the cause of organizational failure. Both academia and practitioners claim that corporate performance is under researched. One of the corporate performance challenges facing NNPC is red tape, which imposes additional costs to the corporate. The ai...
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| Main Author: | |
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| Format: | Thesis |
| Language: | English |
| Published: |
2019
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| Subjects: | |
| Online Access: | http://psasir.upm.edu.my/id/eprint/84569/1/GSM%202019%2028%20IR.pdf http://psasir.upm.edu.my/id/eprint/84569/ |
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| Summary: | Corporate performance is now widely recognized as the cause of organizational
failure. Both academia and practitioners claim that corporate performance is under researched.
One of the corporate performance challenges facing NNPC is red tape,
which imposes additional costs to the corporate. The aim of the study to examine the
basic corporate performance challenges hindering NNPC in its attainment of
organizational goals. This study addresses the issue on corporate performance by
proposing mediators for transformational leadership; institutional quality and political
competition; as possible factors that may affect corporate performance. This study
then examines interrelationships between transformational leadership, institutional
quality and political competition on corporate performance. This is a quantitative
study. Three hundred and seventy questionnaires were distributed to employees of
NNPC holding leadership position and 261 completed questionnaires were returned.
The data was analyzed using regression model and Partial Least Squares Structural
Equation Modeling Techniques (PLS-SEM), and Smart PLS version 3.0 was the
software used to run the analysis.
The study revealed that transformational leadership style directly influences corporate
performance significantly, while institutional quality and political competition did not
mediate the relationship between transformational leadership and corporate
performance. However, institutional quality and political competition have direct
positive and negative effect on corporate performance. In this study, there was no
direct relationship between transformational leadership and institution quality as well
as political competition but transformational leadership, institution quality and
political competition have significant effect on corporate performance independently.
The study found that the adoption of transformational leadership style and favorable political competitiveness are strategies of improving NNPC performance while
institutional quality should be implemented if desirable performance of NNPC is
expected in Nigeria. |
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