Research Article


DOI :10.26650/ibr.2022.51.861397   IUP :10.26650/ibr.2022.51.861397    Full Text (PDF)

Does Organizational Culture Impact on Firm Performance: Evidence From Turkey

Adem BöyükaslanHasan Rıza Aşıkoğlu

This paper aims to examine the impact of corporate culture over the financial performance of certain enterprises therewith by covering the data of chemical, petroleum, rubber and plastic products firms (XCHEMST) traded in Borsa Istanbul. In that regard, corporate culture data have been obtained from the surveys of the Denison’s Organizational Culture Model (DOCM) employees and managers of these businesses while the financial data were gleaned from financial statements of the mentioned enterprises between 2012-2016. We posited the ROE as a dependent variable while ROA and DEBT EQUITY have been employed as explanatory financial variables. Accordingly, we have determined SIZE and AGE as firm-specific variables. Utilizing cross-sectional data and multiple linear regression models, we estimated the coefficients of the variables with the aid of an OLS estimator. In so doing, this paper provides sufficient empirical evidence that three out of four cultural traits in the Denison’s Theory have had no impact on the financial performance of Turkey’s chemical firms traded on BIST, whereas the mission trait has had a significant impact. Consequently, our results are largely in line with the findings of other C/P research, suggesting that the mission trait of the DOCM is the core cultural term in ensuring thriving firm corporate performance.


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APA

Böyükaslan, A., & Aşıkoğlu, H.R. (2022). Does Organizational Culture Impact on Firm Performance: Evidence From Turkey. Istanbul Business Research, 51(1), 149-174. https://doi.org/10.26650/ibr.2022.51.861397


AMA

Böyükaslan A, Aşıkoğlu H R. Does Organizational Culture Impact on Firm Performance: Evidence From Turkey. Istanbul Business Research. 2022;51(1):149-174. https://doi.org/10.26650/ibr.2022.51.861397


ABNT

Böyükaslan, A.; Aşıkoğlu, H.R. Does Organizational Culture Impact on Firm Performance: Evidence From Turkey. Istanbul Business Research, [Publisher Location], v. 51, n. 1, p. 149-174, 2022.


Chicago: Author-Date Style

Böyükaslan, Adem, and Hasan Rıza Aşıkoğlu. 2022. “Does Organizational Culture Impact on Firm Performance: Evidence From Turkey.” Istanbul Business Research 51, no. 1: 149-174. https://doi.org/10.26650/ibr.2022.51.861397


Chicago: Humanities Style

Böyükaslan, Adem, and Hasan Rıza Aşıkoğlu. Does Organizational Culture Impact on Firm Performance: Evidence From Turkey.” Istanbul Business Research 51, no. 1 (Feb. 2023): 149-174. https://doi.org/10.26650/ibr.2022.51.861397


Harvard: Australian Style

Böyükaslan, A & Aşıkoğlu, HR 2022, 'Does Organizational Culture Impact on Firm Performance: Evidence From Turkey', Istanbul Business Research, vol. 51, no. 1, pp. 149-174, viewed 1 Feb. 2023, https://doi.org/10.26650/ibr.2022.51.861397


Harvard: Author-Date Style

Böyükaslan, A. and Aşıkoğlu, H.R. (2022) ‘Does Organizational Culture Impact on Firm Performance: Evidence From Turkey’, Istanbul Business Research, 51(1), pp. 149-174. https://doi.org/10.26650/ibr.2022.51.861397 (1 Feb. 2023).


MLA

Böyükaslan, Adem, and Hasan Rıza Aşıkoğlu. Does Organizational Culture Impact on Firm Performance: Evidence From Turkey.” Istanbul Business Research, vol. 51, no. 1, 2022, pp. 149-174. [Database Container], https://doi.org/10.26650/ibr.2022.51.861397


Vancouver

Böyükaslan A, Aşıkoğlu HR. Does Organizational Culture Impact on Firm Performance: Evidence From Turkey. Istanbul Business Research [Internet]. 1 Feb. 2023 [cited 1 Feb. 2023];51(1):149-174. Available from: https://doi.org/10.26650/ibr.2022.51.861397 doi: 10.26650/ibr.2022.51.861397


ISNAD

Böyükaslan, Adem - Aşıkoğlu, HasanRıza. Does Organizational Culture Impact on Firm Performance: Evidence From Turkey”. Istanbul Business Research 51/1 (Feb. 2023): 149-174. https://doi.org/10.26650/ibr.2022.51.861397



TIMELINE


Submitted09.04.2020
Accepted09.04.2020
Published Online11.02.2022

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