ORGANIZATIONAL CLIMATE AND FINANCIAL PERFORMANCE

Abstract

The relation between organizational climate and financial performance has been studied by several researchers who have emphasized that there could be reciprocity between both concepts. The purpose of this study is to investigate if Brazilian companies that have the highest rates of employees’ work satisfaction expressed through the organizational climate, have also had the best financial performance indicators. In order to accomplish this purpose a research was conducted so as to establish a link between financial indicators and the organizational climate of the enterprises that have presented the highest rates of organizational climate during the years of 2004, 2005 and 2006, assessed by Você S/A – Exame Guide, published by Editora Abril. The financial indicators used were: Return Rate on Total Assets, Return on Equity, Net Margin, Operating Margin, Sales Growth, Asset Turnover and the Active Sales per Employee index, obtained from the “FIPECAFI’s Melhores e Maiores” database. The statistical tests applied were the Shapiro Wilks, the Mann-Whitney´s or the test “t” and the multidimensional scaling. The conclusion is that the best companies to work for didn’t have significatively superior financial performance when compared with other researched companies.