Tạp chí Khoa học Đại học Mở Thành phố Hồ Chí Minh - Kinh tế và Quản trị kinh doanh (Jun 2020)

Effects of business culture on the organizational commitment of employees at commercial banks in Soc Trang province

  • Ngô Mỹ Trân,
  • Lý Ngọc Thiên Kim,
  • Lê Trần Minh Hiếu

DOI
https://doi.org/10.46223/HCMCOUJS.econ.vi.14.3.481.2019
Journal volume & issue
Vol. 14, no. 3
pp. 123 – 146

Abstract

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This research was conducted to study the impact of business culture on organizational commitment using the data of 180 employees in Soc Trang commercial banks. The two main methods used to analyze the data were Exploratory Factor Analysis and Multiple Regression Analysis. The results indicated the significant positive influence of 8 factors belong to business culture on the organizational commitment of employees in Soc Trang commercial banks including training and development; (2) awards and recognition; (3) risk acceptance; (4) empowerment; communication; (6) group work; (7) decision making and (8) administrative policies. Based on these results, some administrative implications were proposed to improve the organizational commitment including constructing internal communication culture and making sure that a full and clear notice on policy changes related to employees in the bank is made. In addition, the commercial banks should pay due attention to training and development policy as well as a fair compensation policy.

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