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Correlation of Portfolio Performance and Complexity of Financial Status with the Mediation Role of Transformational Leadership of Pharmaceutical Companies Admitted to the Stock Exchange
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Rozita Rahmani   , Amir Najafi , Farid Askari , Hujbar Kiani |
| Department of Industrial Engineering, North Tehran Branch, Islamic Azad University, Tehran, Iran & --- , asdnjf@gmail.com |
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Abstract: (246 Views) |
Introduction: Portfolio is one of the complex concepts that is of interest to investors and decision makers and is one of the most important sources of information for investors, creditors and other users of companies' Financial Status. The aim of this research is the correlation of portfolio performance and the complexity of Financial Status with the mediation of transformational leadership variable of pharmaceutical companies admitted to the stock exchange.
Methods: In this descriptive-correlational study, the statistical population includes all managers and experts of pharmaceutical companies with over 15 years of experience in these 8 pharmaceutical companies, totaling 251 people. Considering the total number of the statistical population and based on the Morgan table, 153 people were selected as stratified random sampling. Data collection instruments include: Demographic Questionnaire, "Portfolio Performance Questionnaire", "Complexity of Financial Status Questionnaire" and "Transformational Leadership Questionnaire". The validity of the instruments was checked by the method of convergent validity and divergent validity and reliability by the method of internal consistency by calculating Cronbach's alpha coefficient and composite reliability. Data analysis was done in SPSS .25, Lisrel 8 and SmartPLS.2.
Results: There was a significant positive direct correlation between transformational leadership and the complexity of Financial Status with a correlation coefficient of 0.719, between portfolio performance and transformational leadership with a coefficient of 0.226 at a significance level of 0.01. On the other hand, the path coefficient for the complexity of Financial Status is equal to 0.517. Therefore, the variable of transformational leadership directly, portfolio performance through the mediating variable (transformational leadership) have been able to explain 51.7% of the changes in the complexity of Financial Status.
Conclusion: Transformational leadership has a significant positive direct correlation with financial status complexity and portfolio performance. Therefore, to reduce the complexity of the financial status, it is suggested that the authorities consider policies for the correct control of the portfolio in the organization.
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| Keywords: Transformational Leadership, Complexity of Financial Status, Portfolio Performance. |
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Full-Text [PDF 418 kb]
(91 Downloads)
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Type of Study: Research |
Subject:
health economy & management
Received: 2024/08/20 | Accepted: 2025/05/17 | Published: 2025/09/1
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