Governance for SMEs: Influence of leader on organizational culture

Abstract

Many studies have focused on corporate governance in listed companies, but few studies have been conducted on specific governance mechanisms for Small and Medium Enterprises (SMEs). However, SMEs take up an important place in economics of many developing countries like Tunisia. This paper has for main objective to identify determinants of organizational culture of SMEs as an important governance mechanism. To achieve this objective, a survey has been conducted by means of questionnaire with 120 Tunisians SMEs. The results of structural equations show that the experience and the training mode of the leader of SMEs influence the organizational culture.