IntroductionAs per the specifications of this assignment the University of Phoenix Online Library was accessed to locate a peer-reviewed article that reports original research in the area of finance in order to prepare a synopsis of the article. The article chosen was Effects of Ownership Type and Socio-cultural Context on Leadership in the Banking Sector: An International Study. The purpose of the synopsis is to define the business research and its purpose, explain the business problem(s) under investigation, describe the data collection method(s) used in the research project, and to explain what researchers conclude as a result of their research. The following synopsis will be prepared according to the provisions outlined by Sekaran, U. (2003).
SynopsisIntroduction and Relevant DetailsAccording to the article a research study was conducted to investigate the relationship between a company's ownership and the leadership style of bank managers in a transition country. Researchers argue that socio-cultural context has a direct impact on the effectiveness of a given leadership i.e.
culture-specific. Implicit Personality Theory (IPT) and Implicit Leadership Theories (ILT) were implemented during the analysis process in order to prove the hypothesis that socio-cultural value orientations and owner's leadership styles have a direct impact on the effectiveness of a given leadership. According to Elenkov and Petkova (2008)Ã¢ÂÂ¦ The analysis process consisted of two stages:Ã¢ÂÂ¢Stage 1: Official government information was gathered from 15 of the leading bank institutions in Bulgaria about the about the bank owners and up to five top-level managers within each organization.
Ã¢ÂÂ¢Stage 2: A total of 200 surveys containing all items of the Multifactor Leadership Questionnaire (MLQ) - Form 6S as well as respondents personal information which consisted of age, gender and job tenure were conducted with the CEO's of seven bank institutions based in Bulgaria.
Surveys were conducted under strict guidelines to...