Title: The influence of shared values and beliefs on bank performance in Osun State, Nigeria
Authors: Abiodun, Oluwabunmi Blessing
Volume: 9
Issue: 3
Pages: 477-485
Publication Date: 2025/03/28
Abstract:
This study investigated the influence of shared values and beliefs as aspects of corporate culture on bank performance in Osun State, Nigeria. Utilizing a descriptive research design, the study employed a quantitative research approach to analyze data collected from staff members of tier-one banks in Osogbo. A systematic survey was conducted emphasizing aspects of bank performance and corporate culture. Results showed that beliefs (? = 0.630, p < 0.000) and shared values (? = 0.698, p < 0.000) account for 64.8% and 72.3% of the variation, respectively, and have a substantial impact on bank performance. The findings show that employees at banks with strong shared values and unified beliefs perform better, which increases employee loyalty and alignment with company objectives. The study emphasizes how important corporate culture is to the banking sector and how important it is for bank management to set, communicate, and maintain key ethical standards. Banks can develop a motivated workforce dedicated to accomplishing strategic goals by creating an atmosphere that matches individual behaviors with organizational objectives. The study contributes to understanding how cultural dimensions impact performance in the banking industry, providing valuable insights for practitioners and policymakers in Osun State.