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Original scientific paper
https://doi.org/10.2478/bsrj-2018-0008

Impact of Leadership Style to Financial Performance of Enterprises

Ivan Miloloža ; Faculty for Dental Medicine & Health, University of Osijek, Osijek, Croatia

Fulltext: english, pdf (425 KB) pages 93-106 downloads: 222* cite
APA 6th Edition
Miloloža, I. (2018). Impact of Leadership Style to Financial Performance of Enterprises. Business Systems Research, 9 (1), 93-106. https://doi.org/10.2478/bsrj-2018-0008
MLA 8th Edition
Miloloža, Ivan. "Impact of Leadership Style to Financial Performance of Enterprises." Business Systems Research, vol. 9, no. 1, 2018, pp. 93-106. https://doi.org/10.2478/bsrj-2018-0008. Accessed 21 Nov. 2019.
Chicago 17th Edition
Miloloža, Ivan. "Impact of Leadership Style to Financial Performance of Enterprises." Business Systems Research 9, no. 1 (2018): 93-106. https://doi.org/10.2478/bsrj-2018-0008
Harvard
Miloloža, I. (2018). 'Impact of Leadership Style to Financial Performance of Enterprises', Business Systems Research, 9(1), pp. 93-106. https://doi.org/10.2478/bsrj-2018-0008
Vancouver
Miloloža I. Impact of Leadership Style to Financial Performance of Enterprises. Business Systems Research [Internet]. 2018 [cited 2019 November 21];9(1):93-106. https://doi.org/10.2478/bsrj-2018-0008
IEEE
I. Miloloža, "Impact of Leadership Style to Financial Performance of Enterprises", Business Systems Research, vol.9, no. 1, pp. 93-106, 2018. [Online]. https://doi.org/10.2478/bsrj-2018-0008

Abstracts
Background: Measurement of financial performance of enterprises is an important part of balanced scorecard system. Previous research has indicated a relationship between leadership and financial performance of enterprises. Objectives: Purpose of the paper is to investigate the impact of leadership styles in Croatian enterprises to their financial performance. Methods/Approach: Survey research has been conducted on the sample of Croatian companies, measuring their financial performance and presence of leadership styles. Results: Overall, democratic style is the most often present in Croatian enterprises, followed by the authoritarian and laissez-faire styles. Conclusions: Small enterprises are more successful financially in the presence of the democratic style. Enterprises in the stagnation phase are more successful if all leadership styles are mixed together in practice, indicating the need to push the employees with all possible styles. Enterprises oriented towards international markets are more successful financially in the presence of the democratic style and the laissez-faire style.

Keywords
financial performance; leadership styles; democratic; authoritarian; laissez-faire; international; SME; enterprise

Hrčak ID: 198683

URI
https://hrcak.srce.hr/198683

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