Analysis of Leadership Styles in Banking Sector in North Cyprus: Testing Factors Effecting Authoritarian Style and a Model for Banking Sector in a Small Island Economy

Abstract

Analysis of the Leadership Styles in Turkish Republic of Northern Cyprus Banking Sector, test some hypotheses related to leadership styles and test the model which explains the effect of task oriented and people oriented factors to the authoritarian behavior of managers in Banking sector in a small island economy is the main purpose of this research.

A total number of 177 usable questionnaires were personally retrieved from managers in the research premises. The hypothesized relationships were tested using descriptive statistics in SPSS version 16. Overall, the results reveal that managers in the north Cyprus banking sector exhibit task-oriented leadership style. Importantly, while the older managers were found to be less people-oriented leaders, on the other hand, younger managers were found to be more task-oriented leaders. Contrary to the previous findings, the female managers were found to be more task-oriented leaders in this context. This research makes useful contributions to the current knowledge base and the related industry by exclusively generating a new model for the small island economies.