Accounting and Auditing Studies

Accounting and Auditing Studies

The Role of Organizational Culture in the Selection of Financial Strategies by Financial Managers

Document Type : Original Article

Author
PhD Student of Accounting, University of mazandaran, Faculty of Accounting Higher Education Institute Naser Khosrow Save, Iran
Abstract
One of the most important tasks managers, decision, decision - making in any circumstances requires an understanding of organizational culture and its potential interaction with the decisions of the management, on the grounds that the organizational culture, common values and beliefs in an organization comes into existence and behaviour, which leads the organisation and can play an important role in choosing the financial strategies. If an organization's culture by selecting the strategy that managers are adopted in the conflict in the process of the operational violent disorder and sometimes as a result of the risk, and the lack of proper management, these risks could lead to the destruction and bankruptcy. The problem is that the choice of financial strategies by financial managers as the internal factor and organizational culture as exogenous, if organizational culture is a static, but managers financial strategies that are chosen bold strategies, or vice versa, organizational culture, but a dynamic company managers financial strategies conservative, choose, this type of choosing financial strategies, regardless of organizational culture will lead to failure. why should managers in the selection of financial strategies to the values and criteria organizational culture. This article of the organizational culture and models and factors affecting the organizational culture, then explained different types of financial strategies describe and, ultimately, with the creation of the factors that hybrid model on organizational culture, in the choice of all kinds of financial strategies are role.
Keywords