Organizational Culture and the Financial Performance of Manufacturing Firms

This paper intends to examine the relationship between organizational culture and the financial performance of manufacturing firms in the province of Guilan (Iran). To do so, a statistical sample with the size of 247 firms located at industrial towns/parks in Guilan was selected. The required data was collected through questionnaire. Then, the relationship between organization culture, including the clan culture, adhocracy culture, market culture and hierarchy culture, and the financial performance was analyzed according to the proposed model and by using Spearman's rank correlation coefficient. The results show that there is a significant positive relationship between clan culture (correlation coefficient: 0/65), adhocracy culture (0/63), market culture (0/68) and hierarchy culture (0/59) and the financial performance of manufacturing firms.