Designing the behavioral model of stakeholders in the corporate governance of iran's social security organization and its affiliated companies
Purpose: This research aimed to identify the behavioral Models of stakeholder groups in corporate governance within Iran's Social Security Organization and its affiliated companies. In other words, it explored corporate governance from a behavioral perspective.Methodology: To conduct the resear...
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | fas |
| Published: |
Ayandegan Institute of Higher Education, Tonekabon,
2024-08-01
|
| Series: | تصمیم گیری و تحقیق در عملیات |
| Subjects: | |
| Online Access: | https://www.journal-dmor.ir/article_203245_4d6c29572e08335714b3a68fec1b2f24.pdf |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Summary: | Purpose: This research aimed to identify the behavioral Models of stakeholder groups in corporate governance within Iran's Social Security Organization and its affiliated companies. In other words, it explored corporate governance from a behavioral perspective.Methodology: To conduct the research, a theoretical behavioral model was developed based on a review of the literature. This model identified six common behavioral indicators among stakeholders. Subsequently, a questionnaire with 36 questions was designed and distributed to experts in the field of corporate governance. A total of 207 responses were received, and the instrument's reliability was confirmed with a Cronbach's alpha of 0.933. Furthermore, exploratory factor analysis using the principal component method was employed to explain the factors of the model, which represented a classification of stakeholder groups. To validate these findings, confirmatory factor analysis was used to evaluate the proposed theoretical model.Findings: The results yielded a CMIN value of 2.694, which is below the critical value of 3. The root mean square error of approximation (RMSEA) was 0.097, falling within the acceptable range of 0.05 to 0.1. The Akaike Information Criterion (AIC) was 1812, closer to the saturated model index (1404) compared to the independent model (5660), indicating a good fit of the model.Originality/Value: Overall, six stakeholder groups were identified in the corporate governance of companies affiliated with the Social Security Organization: institutional stakeholders, government, political stakeholders, social networks, economic stakeholders, and shareholders. Additionally, six common behavioral indicators were identified among stakeholder groups: conflict resolution, building trust in the board of directors, political bargaining, power-politics relationships, goal setting, and decision-making processes. To assess the impact of each behavioral indicator, a parametric t-test and mean comparisons were used. The results showed that institutional stakeholders, the government, and political stakeholders had a significant and greater impact on governance in the Social Security Organization compared to others. Moreover, government interventions in goal setting, political bargaining, building trust in the board of directors, and conflict resolution had a significant and above-average impact on the governance of the studied companies. On the other hand, political groups had a significant and above-average impact on the corporate governance of companies affiliated with the Social Security Organization in terms of decision-making processes, goal setting, and power-politics relationships. The evaluation of behavioral indicators among stakeholder groups revealed that the shared focus of these groups was primarily on three indicators: goal setting, decision-making, and power-politics relationships. |
|---|---|
| ISSN: | 2538-5097 2676-6159 |