Impacts of climate for change, process of change and openness towards change on employees’ readiness to transform conventional banking into Islamic banking system in Libya

IF 2.5 Q2 BUSINESS, FINANCE
Mahmoud A. S. Abusloum, Rafikul Islam, Sardar Md Humayun Kabir
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引用次数: 0

Abstract

Purpose

This study aims to investigate the determinants of employees’ readiness to adapt to the change from the conventional banking system to the Islamic banking system in Libya. The determinants identified by this research include supervisors’ support, trust in leadership, participatory management, employees’ involvement in the change, the attitude of top management towards the change, openness towards the change and nature of change.

Design/methodology/approach

The study adopted a quantitative approach by using a self-administered questionnaire survey where a total of 482 sets of questionnaires were distributed manually of which 316 completed questionnaires were found to be usable. The structural equation modelling techniques were used to test and validate the proposed model.

Findings

Statistically, the study found that supervisor support, employees’ involvement in the change process and openness towards change showed significant relationships on employees’ readiness to perform their jobs in Libyan banks where the conventional financial system had been changed to the Islamic banking system. However, on the contrary, trust in leadership, participatory management and the attitude of top management towards the change process were found to have no significant relationship towards employees’ readiness. In addition, a significant moderation effect of the nature of change has been found on the relationship between openness to change and employees’ readiness for change.

Practical implications

Determinants of employees’ readiness for the transformation process identified in the present study can be used in assessing the employees’ readiness before implementing any change. In fact, openness and willingness towards change were found to be significant factors in employees’ readiness in the transformation process. Therefore, banks can use this information as one of the important criteria in recruiting employees. Open-minded and receptive attitudes towards change could be the quality of employees that banks should look for.

Originality/value

Overall, this study can be considered as novel because its findings will prompt other researchers to conduct and expand similar research in this field. Specifically, the findings of this research could facilitate the Central Bank of Libya in identifying their readiness gaps and organisational obstacles that stalled the move of conventional banks in Libya to migrate into the Islamic banking system.

变革氛围、变革进程和对变革的开放性对利比亚员工将传统银行业务转变为伊斯兰银行系统的意愿的影响
目的 本研究旨在调查利比亚员工是否准备好适应从传统银行体系向伊斯兰银行体系转变的决定因素。本研究确定的决定因素包括主管的支持、对领导的信任、参与式管理、员工对变革的参与、高层管理人员对变革的态度、对变革的开放性以及变革的性质。研究结果从统计学角度看,研究发现,在利比亚银行中,上司的支持、员工对变革过程的参与以及对变革的开放性与员工是否准备好履行其工作职责有显著关系,而在利比亚银行中,传统金融体系已转变为伊斯兰银行体系。然而,与此相反,对领导的信任、参与式管理和高层管理者对变革过程的态度与员工的就绪程度没有显著关系。此外,研究还发现,变革的性质对变革开放度和员工变革准备度之间的关系具有重要的调节作用。事实上,研究发现开放性和变革意愿是影响员工在转型过程中是否做好准备的重要因素。因此,银行在招聘员工时可将这一信息作为重要标准之一。总体而言,本研究具有新颖性,因为其研究结果将促使其他研究人员在这一领域开展和扩展类似的研究。具体而言,本研究的结果可帮助利比亚中央银行找出其准备差距以及阻碍利比亚传统银行向伊斯兰银行系统迁移的组织障碍。
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来源期刊
CiteScore
4.80
自引率
22.70%
发文量
78
期刊介绍: The journal provides a dynamic forum for the advancement of accounting and business knowledge based on Shari’ah and Islamic activities that have an impact on the welfare of society. JIABR publishes articles on the interplay between Islamic business ethics, accounting, auditing and governance, in promoting accountability, socio-economic justice (adl) and everlasting success (al-falah). It seeks to inform, among others, current theoretical and empirical research and practice in Islamic accounting, auditing and corporate governance, management of Islamic organizations, accounting regulation and policy for Islamic institutions, Shari’ah auditing and corporate governance, financial and non-financial performance measurement and disclosure in Islamic institutions and organizations. All styles of research, theoretical and empirical, case studies, practice-based papers and research notes that are well written and falling within the journal''s scope, are generally welcomed by the journal. Scope/Coverage Development of accounting, auditing and corporate governance concepts based on Shari’ah Socio-political influence on accounting and auditing regulation and policy making for Islamic financial institutions and organizations Historical perspectives on Islamic accounting, auditing and financial management Critical analysis on issues and challenges on accounting disclosure and measurement, Shari’ah audit and corporate governance Controls and risks in Islamic organizations Financial and non-financial performance measurement and disclosure.
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