INFLUENCE OF ORGANIZATIONAL CONTINGENCIES ON FINANCIAL PERFORMANCE: MEDIATING ROLE OF CRISIS MANAGEMENT

This study aims to understand the impact of organizational contingencies such as organizational culture, human resource policies and inter-organizational linkage on financial performance, using the mediating role of crisis management in energy companies in Iraq. To this end, structural equation modelling (SEM) was adopted to test the causal relationships between the study variables. An exploratory design (i.e., a questionnaire) was used to collect data from 379 workers in energy companies in Iraq. The results of this study indicate that organizational contingencies affect financial performance. Besides, crisis management provides complete mediation of the relationship between organizational contingencies and financial performance. From the practitioner's point of view, leaders and practitioners should encourage a creative culture and idea generation to give members enough power to act and focus on goals that support building sustainable organizational capacity. Implications for Central European audience: The findings of this study contribute to providing academics and practitioners with a deep insight into the antecedents of financial performance to develop practices and policies that increase performance.