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Empirical Investigation into the Path-Goal Leadership Theory in the Central Bank Fraternity: Leadership Styles and Job Satisfaction

Author

Listed:
  • Lim Choon Yang
  • Vincent Choon-Seng Lim

Abstract

The paper attempts to investigate the validity of the Path-Goal leadership theory in the central bank fraternity, in particular the relationship between leader style and job satisfaction. From the point of view of subordinates, we survey the perceived leadership styles of central banks’ managers and conduct an empirical study to determine whether the perceived leadership styles have any significant relationships with subordinates’ job performance/satisfaction across the central banks. The results indicate that in the central bank fraternity, Perceived Participative Leadership style has a consistent positive effect on job satisfaction of subordinates. This result is generally consistent across genders, age groups, number of years of working experience, education background and the department in which they work. This finding has implicit implications for the subordinates’ motivation to stay focused and perform better. For supervisors, they must be flexible enough to exercise the appropriate leadership styles at the right situation.

Suggested Citation

  • Lim Choon Yang & Vincent Choon-Seng Lim, 2016. "Empirical Investigation into the Path-Goal Leadership Theory in the Central Bank Fraternity: Leadership Styles and Job Satisfaction," Working Papers wp14, South East Asian Central Banks (SEACEN) Research and Training Centre.
    • Handle: RePEc:sea:wpaper:wp14
    as

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    File URL: https://www.seacen.org/publications/RePEc/702004-100389-PDF.pdf
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    References listed on IDEAS

    as
    1. Shea, Christine M, 1999. "The Effect of Leadership Style on Performance Improvement on a Manufacturing Task," The Journal of Business, University of Chicago Press, vol. 72(3), pages 407-422, July.
    2. Anand Chandavarkar, 1996. "Central Banking in Developing Countries," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-37150-7.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Path Goal Theory; Leadership styles; Job Performance; Job Satisfaction;
    All these keywords.

    JEL classification:

    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation

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