Journal of Applied Finance & Banking

Leadership Behaviors and Culture Dimensions in the Financial Industry

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  • Abstract

    This paper investigated the relationship between leadership behaviors as well as Hofstede’s five cultural dimensions in financial institutions. A questionnaire is collected from 678 employees of Taiwan financial institutions. Leadership behaviors are measured through Bass and Avolio’s Multifactor Leadership Questionnaire. Awareness of organizational culture is tested via Hofstede’s cultural dimension. Pearson Correlation test reveals that 14 significant correlations among leadership behaviors and culture dimensions. In addition, the relationships among all transactional and transformational leadership attributes indicates high levels of transactional leadership associated with higher levels of transformational leadership.