The Relationship Between Organizational Culture And Financial Performance In Industrial, Services, Real Estate Sectors: The Mediating Effect Of Environmental Performance
DOI:
https://doi.org/10.64252/40azqj71Keywords:
Corporate environmental performance, Organizational culture, Jordanian industrial sector, Financial performance.Abstract
This study explores the relationship between organizational culture and financial performance, with corporate environmental performance (CEP) serving as a mediating factor. A cross-sectional survey was conducted among companies listed on the Amman Stock Exchange in the Industrial, Services, and Real Estate sectors. The study targeted health and safety, finance, and operations managers, with 230 questionnaires distributed, and achieved a response rate of 90.8% (209 completed surveys).
The findings reveal a significant relationship between organizational culture and CEP, as well as between organizational culture and financial performance. Furthermore, CEP mediates the relationship between organizational culture and financial outcomes. These insights highlight the role of CEP as a key determinant of financial performance and provide valuable guidance for policymakers aiming to promote sustainable corporate practices.
