Article author:
Nikola Jovanović, Katarina Pavlović, Jelena Vukonjanski Srdić
Full article:
Year the article was released:
2024
Edition in this Year:
2
Article abstract:
LEADERSHIP STYLES, ESGS, AND EXTERNAL SOCIAL CAPITAL: IMPACT ON ORGANIZATIONAL COMMITMENT AND INNOVATION IN SERBIA
Abstract:Leadership, Environmental, Social, and Governance (ESG) practices and
External Social Capital (ESC) are critical elements in contemporary organizations,
frequently discussed in scientific literature. However, their influence on organizational
commitment and innovation, particularly in the Serbian context, is underexplored. This
study aims to investigate the relationships between leadership styles, ESG dimensions
(Environmental Protection, Corporate Social Responsibility, Corporate Governance),
and ESC on organizational commitment and innovation in Serbian enterprises in order
to provide valuable insights for managers. All three hypotheses were confirmed.
According to the results, environmental protection is the strongest predictor of innovation,
explaining 28% of its variance. While leadership significantly affects both organizational
commitment and organizational innovation, ESC has a less direct or even
negative impact on commitment and a positive one on innovation. These results from
Serbian organizations contribute to the understanding of how contemporary leadership
and sustainability practices drive success in the context of the national business
environment.
External Social Capital (ESC) are critical elements in contemporary organizations,
frequently discussed in scientific literature. However, their influence on organizational
commitment and innovation, particularly in the Serbian context, is underexplored. This
study aims to investigate the relationships between leadership styles, ESG dimensions
(Environmental Protection, Corporate Social Responsibility, Corporate Governance),
and ESC on organizational commitment and innovation in Serbian enterprises in order
to provide valuable insights for managers. All three hypotheses were confirmed.
According to the results, environmental protection is the strongest predictor of innovation,
explaining 28% of its variance. While leadership significantly affects both organizational
commitment and organizational innovation, ESC has a less direct or even
negative impact on commitment and a positive one on innovation. These results from
Serbian organizations contribute to the understanding of how contemporary leadership
and sustainability practices drive success in the context of the national business
environment.
Keywords: Leadership; Commitment; ESG; ESC; Innovation.