Acta Universitatis Danubius. Œconomica, Vol 15, No 2 (2019)

Leadership Styles, Effectiveness, and Preferences: Empirical Evidence from the Cyprus Banking Sector

Pavlos Evangelides, Nikos Karfakis

Abstract


This study investigates the perceptions of employees in the banking sector of Cyprus with regards to the style of leadership (i.e. democratic or autocratic) management adopts and the level of effectiveness of each style. For this purpose, a sample of 493 participants, working in various banking departments in Cyprus, was used. Data were collected using a structured questionnaire which included multiple choice and scale questions. Results show that employees perceive the prevailing leadership style in the Cyprus banking sector to be the autocratic leadership style. On the other hand, it was shown that the respondents are of the opinion that the managers who adopt a democratic leadership can lead to, even if to a very small extent, more positive results.


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