Loneliness in Leadership: A Study Applied to the Portuguese Banking Sector

In this study, we analyzed the feeling of loneliness in leadership in the Portuguese banking sector, seeking to identify variables that may instigate this feeling, such as gender, age, academic qualifications, function/position, number of working hours per week, and years of work/seniority, and the...

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Main Authors: Carla Marisa Magalhães, Carolina Feliciana Machado, Célia Pinto Nunes
Format: Article
Language:English
Published: MDPI AG 2022-10-01
Series:Administrative Sciences
Subjects:
Online Access:https://www.mdpi.com/2076-3387/12/4/130
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author Carla Marisa Magalhães
Carolina Feliciana Machado
Célia Pinto Nunes
author_facet Carla Marisa Magalhães
Carolina Feliciana Machado
Célia Pinto Nunes
author_sort Carla Marisa Magalhães
collection DOAJ
description In this study, we analyzed the feeling of loneliness in leadership in the Portuguese banking sector, seeking to identify variables that may instigate this feeling, such as gender, age, academic qualifications, function/position, number of working hours per week, and years of work/seniority, and the consequences that it may have, namely in terms of the decision-making process and the motivation of leaders. For this study, a quantitative research tool was used in the form of a questionnaire, which was applied to a group of collaborators, with leadership responsibilities, of the financial institutions authorized to operate in Portugal. We concluded that while some variables influence the feeling of loneliness in leadership (years of work, position, and academic qualifications), others do not (gender, age, and hours of work per week). We also found a relationship between loneliness and demotivation and proved that the feeling of loneliness affects leadership but does not affect decision making. The results are relevant, especially for the banking sector, which has undergone major restructuring in the Portuguese economy and needs guidance to face the country’s financial challenges.
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spelling doaj.art-c1ed3bb8d6144787ba02bd31e4d4912c2023-11-24T12:35:46ZengMDPI AGAdministrative Sciences2076-33872022-10-0112413010.3390/admsci12040130Loneliness in Leadership: A Study Applied to the Portuguese Banking SectorCarla Marisa Magalhães0Carolina Feliciana Machado1Célia Pinto Nunes2Faculty of Economic, Social and Business Sciences, TRIE, Transdisciplinary Research Center of Innovation & Entrepreneurship Ecosystems, Lusófona University of Porto, 4000-098 Porto, PortugalSchool of Economics and Management, University of Minho, CICS.NOVA.UMinho, 4710-057 Braga, PortugalDepartment of Mathematics, University of Beira Interior, CMA/UBI, 6201-001 Covilhã, PortugalIn this study, we analyzed the feeling of loneliness in leadership in the Portuguese banking sector, seeking to identify variables that may instigate this feeling, such as gender, age, academic qualifications, function/position, number of working hours per week, and years of work/seniority, and the consequences that it may have, namely in terms of the decision-making process and the motivation of leaders. For this study, a quantitative research tool was used in the form of a questionnaire, which was applied to a group of collaborators, with leadership responsibilities, of the financial institutions authorized to operate in Portugal. We concluded that while some variables influence the feeling of loneliness in leadership (years of work, position, and academic qualifications), others do not (gender, age, and hours of work per week). We also found a relationship between loneliness and demotivation and proved that the feeling of loneliness affects leadership but does not affect decision making. The results are relevant, especially for the banking sector, which has undergone major restructuring in the Portuguese economy and needs guidance to face the country’s financial challenges.https://www.mdpi.com/2076-3387/12/4/130lonelinessleadershipPortuguese banking sectordecision-makingmotivation
spellingShingle Carla Marisa Magalhães
Carolina Feliciana Machado
Célia Pinto Nunes
Loneliness in Leadership: A Study Applied to the Portuguese Banking Sector
Administrative Sciences
loneliness
leadership
Portuguese banking sector
decision-making
motivation
title Loneliness in Leadership: A Study Applied to the Portuguese Banking Sector
title_full Loneliness in Leadership: A Study Applied to the Portuguese Banking Sector
title_fullStr Loneliness in Leadership: A Study Applied to the Portuguese Banking Sector
title_full_unstemmed Loneliness in Leadership: A Study Applied to the Portuguese Banking Sector
title_short Loneliness in Leadership: A Study Applied to the Portuguese Banking Sector
title_sort loneliness in leadership a study applied to the portuguese banking sector
topic loneliness
leadership
Portuguese banking sector
decision-making
motivation
url https://www.mdpi.com/2076-3387/12/4/130
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