Corollary of Various Leadership Styles on the Quality of Education and Faculty Performance with the Moderation of Organizational Politics: A Study from Pakistani Public Universities

Abstract

Financial knowledge is necessary for money management. The objective of this research is to determine the level of financial knowledge and its effect on financial literacy among university students in Punjab, Pakistan. The data was collected through a questionnaire among the different management, economic, and business students in the different universities of Punjab, Pakistan. Data were analyzed through Smart-PLS. Results showed a significant effect of financial attitude and financial Behavior on financial literacy. It also indicates that financial Behavior and financial attitude have a direct positive effect on financial literacy. While the financial influence has a non-significant and negative impact on financial literacy. This research helps to contribute to the review of literature on determinants of financial literacy among university students in the future. This study is causal to investigate the effect of leadership styles on university performance. In leadership, two dimensions are analyzed first is autocratic leadership style and second is democratic leadership style. While in University performance, two dimensions are taken, the first one is the employee's performance and the second one is quality of education. Primary data were collected through the questionnaire from the university professors from 30 public sector universities in Punjab. This study proved a negative relationship between autocratic leadership style on employees’ performance and quality of education. Moreover, there has been a positive relationship between democratic leadership style on the employee's performance as well as on the quality of education. Organizational politics enhances the negative relationship between autocratic leadership style and employees’ performance and quality of education. In addition to that, its effect is weak in the positive relationship between democratic leadership style on employees’ performance and quality of education. This study is helpful for the ministry of education to improve university performance by incorporating the findings in the policy formulation.