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The Effect of Organizational Culture on Financial Performance: Based on Cameron and Quinn Model (CVF)

Author

Listed:
  • Ahmed K Elnagar

    (Financial Sciences and Techniques, Applied College, Taibah University, Medinah (Saudi Arabia); Faculty of Tourism and Hotel Management, Suez Canal University (Egypt))

  • Ibrahim Elshaer

    (Faculty of Tourism and Hotel Management, Suez Canal University (Egypt))

  • Ahmed Abdelkawi

    (Faculty of Tourism and Hotel Management, Suez Canal University (Egypt))

  • Said Salama

    (Faculty of Tourism and Hotel Management, Suez Canal University (Egypt))

Abstract

The research objective is to investigate the impact of organizational culture (OC) based on the Cameron and Quinn model (The Competing Value Framework) on financial performance (FP) in Egyptian hotels. The research used 5 dimensions (occupancy percentage, average room rate, RevPAR, average market share, average revenue) to measure FP in hotels. Quantitative methods were used to achieve the research objective through the questionnaire. A total of 416 questionnaires were provided to general managers, executive managers, HR managers, and quality managers working in four, five-star hotels in Sharm El Sheikh city 104 hotel in Egypt. The research used three main data analysis techniques such as descriptive analysis, correlation, and multi regression by SPSS V25. Empirical findings showed that OC had a positive effect on the FP of hotels. The research recommends hotels in Egypt to attention to the consolidation of OC types, because of their positive impact on enhancing FP of hotels; promoting organizational values such as fairness, equality, teamwork, and cooperation among employees; enhancing the interest of organizational beliefs such as the human element, job satisfaction, increase rewards and incentives.

Suggested Citation

  • Ahmed K Elnagar & Ibrahim Elshaer & Ahmed Abdelkawi & Said Salama, 2022. "The Effect of Organizational Culture on Financial Performance: Based on Cameron and Quinn Model (CVF)," Management & Economics Research Journal, Faculty of Economics, Commercial and Management Sciences, Ziane Achour University of Djelfa, vol. 4(1), pages 38-53, March.
    • Handle: RePEc:alv:journl:v:4:y:2022:i:1:id:181
    DOI: 10.48100/merj.2022.181
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    More about this item

    Keywords

    Organizational Culture; Financial Performance; Competing Value Framework (CVF); Egyptian Hotels;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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