Relationship between Corporate Organizational Culture and Financial Performance in the Corporations Affiliated to the Ministry of ICT (in Persian)

Seyed Mohammad Zahedi () and Maryam Nikandish ()
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Seyed Mohammad Zahedi: Iran
Maryam Nikandish: Iran

Management and Development Process Quarterly (٠صلنامه ٠رایند مدیریت و توسعه), 2013, vol. 26, issue 1, 125-138

Abstract: This research is to examine the relationship between corporate organizational culture and financial performance in Iranian ICT Ministry-affiliated corporations. Denison's questionnaire was used to measure organizational culture while four indicators namely Return on Assets, Return on Sales, Return on Owner's Equity Ratio and Operating Expenses/Operating Income Ratio were employed in assessing financial statements of the corporations concerned in order to measure the financial performance. Interrelationship between four cultural traits (including Involvement, Consistency, Mission and Adaptability) and corporate financial performance were analyzed through Pearson's correlations coefficient. The results illustrate significant positive correlation between each any of the four cultural traits and Return on Assets, Return on Sales, Return on Owner's Equity Ratio while there is a significant negative relationship between any of the four traits and Operating Expenses/Operating Income Ratio. Hence the results indicate a relationship between organizational culture and corporate organizational financial performance.

Keywords: Organizational Culture; Involvement; Mission; Adaptability; Financial Performance (search for similar items in EconPapers)
Date: 2013
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