Organizational Independence Pattern of Central Bank of the Islamic Republic of Iran based on Organizational Health

Ali Karami () and Masoumali Salimian ()
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Ali Karami: University, Chalous, Iran
Masoumali Salimian: University, Chalous, Iran

Postmodern Openings, 2018, vol. 9, issue 2, 86-100

Abstract: This research intends to introduce a pattern for independence of Central Bank of Islamic Republic of Iran based on organizational health. The research was conducted through a descriptive-survey method. The samples included 140 people of the elite Central Bank experts and managers. These samples were selected by means of a simple random sampling procedure. The pertaining data was gathered by valid researcher-made questionnaires used for assessing the variable for organizational independence and organizational health of the Central Bank. For data analysis, confirmatory factor analysis and structural model were used for synchronous relations of the components and one-sample average test was utilized for investigating the variables. The components of Central Bank independence, functional and legal independence, staff independence and financial independence are based on Mervin King’s research (2012) and organizational health is based on Hoy & Tarter components (2013). Generally, in the main hypothesis, independence of the Central Bank along with organizational health had significant factor loads in the experts’ viewpoint. The results indicate that the basic levels of organizational health including fundamental level, structural-cultural levels, and executive levels significantly influence the organizational independence of the Central Bank according to which a suitable model has been designed for the Central Bank’s stasis in organizational decisions.

Keywords: Central Bank Independence; Functional Independence; Legal Independence; Staff Independence; Financial Independence; Organizational Health. (search for similar items in EconPapers)
JEL-codes: A23 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:lum:rev3rl:v:9:y:2018:i:2:p:86-100

DOI: 10.18662/po/20

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