Research Article
Open Access Peer-reviewed

Corporate Governance Effect on Corporate Performance, through the Moderation Role of Organizational Culture

Mohamed A. AbuSen1, Mohamed Saad2,

1Doctoral Researcher in Professional Business Administration, Arab Academy for Science, Technology Maritime Transport, Graduate School of Business Cairo, Egypt

2Professor of Organizational Studies, British University of Egypt (BUE), Cairo, Egypt

Journal of Business and Management Sciences. 2023, 11(2), 90-100. DOI: 10.12691/jbms-11-2-1
Received January 19, 2023; Revised February 22, 2023; Accepted March 03, 2023

Abstract

This study aims to examine the moderation role of the organizational culture that might impact the effectiveness of corporate governance practices and moderate the relationship between corporate governance practices on corporate performance in technology small and medium enterprises in Egypt. The study assumes that the organizational culture is the incubator for corporate governance, so the readiness of the organizational culture is a key moderator that might support firms to realize the intended benefits of corporate governance practices.

Keywords:

corporate governance, corporate performance, organizational culture
[1]  Aguilera, R. v, & Jackson, G. (2010). Comparative and International Corporate Governance. Academy of Management Annals, 4(1), 485-556.View Article
 
[2]  Barnhart, S. W., Marr, M. W., & Rosenstein, S. (1994). Firm Performance and Board Composition: Some New Evidence. In MANAGERIAL AND Decision zyxw ECONOMICS (Vol. 15).View Article
 
[3]  Berger, P. G., & Ofekb, E. (1995). Diversification’s effect on firm value. In JOURNALOF Journal of Financial Economics (Vol. 37).View Article
 
[4]  Blair, M. M. (1995). Rethinking Assumptions Behind Corporate Governance. Challenge, 38(6), 12-17.View Article
 
[5]  Boubakri, N., Guedhami, O., & Sy, O. (2008). Corporate governance and ultimate control. In J. J. Choi & S. Dow (Eds.), Institutional Approach to Global Corporate Governance: Business Systems and Beyond (Vol. 9, pp. 385-413). Emerald Group Publishing Limited.View Article
 
[6]  Daily, C. M., Dalton, D. R., & Cannella, A. A. (2003). Corporate Governance: Decades of Dialogue and Data Author(s). In Source: The Academy of Management Review (Vol. 28, Issue 3). http://www.jstor.org/stable/30040727?seq=1&cid=pdf-reference#references_tab_contents.View Article
 
[7]  Denis, D. K., Mcconnell, J. J., & Mcconnell, J. (2001). International Corporate Governance. http://docs.lib.purdue.edu/ciberwphttp://docs.lib.purdue.edu/ciberwp/17.
 
[8]  Fiordelisi, F., & Ricci, O. (2014). Corporate culture and CEO turnover. Journal of Corporate Finance, 28, 66-82.View Article
 
[9]  Flamholtz, E., & Randle, Y. (2012). Corporate culture, business models, competitive advantage, strategic assets, and the bottom line: Theoretical and measurement issues. Journal of Human Resource Costing & Accounting, 16.View Article
 
[10]  Gillan, S., & Starks, L. (2003). Corporate Governance, Corporate Ownership, and the Role of Institutional Investors: A Global Perspective. Journal of Applied Finance, 13.View Article
 
[11]  Han, H. (2012). The relationship among corporate culture, strategic orientation, and financial performance. Cornell Hospitality Quarterly, 53(3), 207-219.View Article
 
[12]  Hartnell, C. A., Ou, A. Y., & Kinicki, A. (2011). Organizational culture and organizational effectiveness: a meta-analytic investigation of the competing values framework’s theoretical suppositions. Journal of Applied Psychology, 96(4), 677.View Article  PubMed
 
[13]  Heenetigala, K., & School, V. G. (2011). Corporate Governance Practices and Firm Performance of Listed Companies in Sri Lanka.
 
[14]  Khalid, K., Masood Qureshi, T., & Khalid Bhatti, K. (2007). Impact Of Employee Participation On Job Satisfaction, Employee Commitment And Employee Productivity. In International Review of Business Research Papers (Vol. 3, Issue 2). https://www.researchgate.net/publication/265238450.
 
[15]  Kiel, G. C., & Nicholson, G. J. (2003). Board Composition and Corporate Performance: how the Australian experience informs contrasting theories of corporate governance. Corporate Governance: An International Review, 11(3), 189-205.View Article
 
[16]  Korac-Kakabadse, N., Kakabadse, A. K., & Kouzmin, A. (2001). Board governance and company performance: any correlations? Corporate Governance: The International Journal of Business in Society, 1(1), 24-30.View Article
 
[17]  Kotter, J. P. (2008). Corporate Culture and Performance. Free Press. https://books.google.com.sa/books?id=pWudzigl0ucC.
 
[18]  L. Pathiranage, Y. (2019). Organizational Culture and Business Performance: An Empirical Study. International Journal of Economics and Management Studies, 6(6), 1-12.View Article
 
[19]  Ortega-Parra, A., & Sastre‐Castillo, M. Á. (2013). Impact of perceived corporate culture on organizational commitment. Management Decision.View Article
 
[20]  Schein, E. H. (2010). Organizational culture and leadership (Vol. 2). John Wiley & Sons.
 
[21]  Schneider, B., Ehrhart, M. G., & Macey, W. H. (2013). Organizational Climate and Culture. Annual Review of Psychology, 64(1), 361-388.View Article  PubMed
 
[22]  Shleifer, A., & Vishny, R. W. (1997). A Survey of Corporate Governance. The Journal of Finance, 52(2), 737-783.View Article
 
[23]  Simoneaux, S. L., & Stroud, C. L. (2014). Succession planning: Intentional and systematic preparation for the future. Journal of Pension Benefits: Issues in Administration, 21(2), 62-63.
 
[24]  Toma, S.-G., & Marinescu, P. (2013). Steve Jobs and modern leadership. Manager, 17, 260.
 
[25]  Weber, Y., & Yedidia Tarba, S. (2012). Mergers and acquisitions process: the use of corporate culture analysis. Cross Cultural Management: An International Journal, 19(3), 288-303.View Article
 
[26]  Wiewiora, A., Murphy, G., Trigunarsyah, B., & Brown, K. (2014). Interactions Between Organizational Culture, Trustworthiness, and Mechanisms for Inter-Project Knowledge Sharing. Project Management Journal, 45.View Article