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Psychological capital and leadership role under the turbulent conditions in banking sector

Author

Listed:
  • Momot Volodymyr

    (Alfred Nobel University)

  • Lytvynenko Olena

    (Alfred Nobel University)

Abstract

The article discusses the problems of commercial banks related to the coping with abrupt changes in activities organization due to quarantine and moving to partially remote work. The theoretical considerations concerning psychological capital role at organization operating under the unstable conditions are given and hypothesis regarding psychological capital, its individual components, leadership, leadership styles (types) and the overall effectiveness of the organization are formulated. Empirical evidence which proves formulated hypothesis is presented. Concepts of psychological health and psychological competences are presented. The research conducted shows that the psychological capital of financial institutions employees being monitored during COVID-19 quarantine at Spring 2020 is positively correlated with the impact of transformational leadership on the organization effectiveness.

Suggested Citation

  • Momot Volodymyr & Lytvynenko Olena, 2020. "Psychological capital and leadership role under the turbulent conditions in banking sector," Financial Internet Quarterly (formerly e-Finanse), Sciendo, vol. 16(4), pages 82-90, December.
    • Handle: RePEc:vrs:finiqu:v:16:y:2020:i:4:p:82-90:n:4
    DOI: 10.2478/fiqf-2020-0030
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    More about this item

    Keywords

    psychological capital; leadership; leadership style; job satisfaction; value system; involvement; effectivenessof the organization; financial organization;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • M59 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Other

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