The Influence of Transformational Leadership and Its Antecedents on Organizational Sustainability in the Context of Construction Materials Companies Listed on the Stock Exchange of Thailand
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Abstract
This research article aims to investigate the factors and the causal effects of transformational leadership, dynamic capabilities, and circular business model on organizational sustainability in the context of managements and supervisors of construction materials companies listed on the Stock Exchange of Thailand. Mixed-method research, used to collect quantitative data through questionnaires from 311 respondents, including senior executives, middle, junior executives and supervisors from construction materials companies. The study used stratified random sampling to distribute the questionnaires. A structural equation model analysis was used for the statistics. For qualitative research, interviews were conducted with 15 key informants using purposive sampling and analyzed using content analysis.
Findings are as follows: (1) the structural equation model showed a harmonious fit with empirical data (c2/df = 1.280, p-value = .096 and RMSEA = .030). Thus, 79 percent of the variance in organizational sustainability could be explained. Organizational sustainability was directly influenced by circular business model (β = .64, p = .001), dynamic capabilities (β = .37, p = .001), and transformational sustainability (β = - .11, p = -.05) in the form of standardized coefficients and (2) The results of developing a causal model of factors affecting organizational sustainability found that dynamic capabilities had the greatest impact, followed by circular business models and transformational leadership, respectively and (3) the qualitative findings explained the quantitative research results in both positive and negative directions.
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Academic articles, research articles, and book reviews in the Ph.D. in Social Sciences Journal are author’s opinions, and not the publisher’s, and is not the responsibility of the Ph.D. in Social Sciences Journal Philosophy Association, Ramkhamhaeng University. (In the case that research is done on human, the researcher has to be trained in Ethics for Doing Research on Human Training and has to produce the evidence of the training).
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