The Mediator Role of Change Management and Corporate Governance Perception in the Effect of Leadership Style on Financial Performance in Corporations

Although leadership styles are a variable associated with organizational performance in the literature, it also has a relationship that maintains its existence with every new leadership type that emerges in the global dimension. Considering that the main purpose of each profit aimed organization is to achieve financial performance; it is also necessary to pay attention to the leadership style applied. Although leadership styles are seen as a subject whose boundaries and characteristics are expressed theoretically; Its effect on financial performance is a subject that can be re-analyzed in different working environments and in the light of different determinants. This study focuses on the mediating roles of both change management and corporate governance perception in the effect of two relatively new leadership styles, which are not frequently mentioned in the literature, on financial performance: transformational and transactional. This article was obtained with the data set and findings obtained from Şentürk's (2022) thesis. According to the findings of the study, which was obtained by reaching 402 participants from different sectors through a questionnaire, it was also revealed with the sample in this study that leadership styles affect financial performance. Transformational leadership is more prominent in this relationship. Change management also plays a mediating role in the relationship that leadership styles affect financial performance. This role is more effective especially in the dimensions of purpose & strategies, technology area and organizational structure of change management. The last finding of the study is that corporate governance perception plays a mediating role in the relationship between leadership styles and financial performance.