I study the influence of leadership on organizational performance and worker wellbeing using data from the 2004 and 2011 Workplace Employment Relations Survey (WERS). Our most conservative estimates from fixed effects regressions on a panel of organizations reveal that virtuous leadership is significantly and positively linked to an upbeat assessment of organizational performance, and an increase in worker wellbeing. Specifically, the estimates reveal that an increase in leadership quality by one standard deviation increases organizational performance and worker job satisfaction by 0.27 and 0.73 standard deviations, respectively, while it leads to a fall in worker job anxiety by 0.13 standard deviations. The results support the hypothesis that good leadership is vital for the success of business, including worker wellbeing, which organizational policymakers ought to heed. There is a dearth of empirical evidence on organizational leadership as an institution and its influence on organizational outcomes, which this article aims to address.

中文翻译：

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组织领导：这有多重要？

我使用 2004 年和 2011 年工作场所雇佣关系调查 (WERS) 的数据研究领导力对组织绩效和员工福祉的影响。我们对一组组织的固定效应回归进行的最保守的估计表明，德性领导力与对组织绩效的乐观评估以及员工福祉的提高呈显着且正相关的关系。具体而言，估计结果显示，领导质量每提高一个标准差，组织绩效和员工工作满意度将分别提高 0.27 和 0.73 个标准差，同时导致员工工作焦虑下降 0.13 个标准差。结果支持这样的假设：良好的领导力对于企业的成功至关重要，包括员工的福祉、组织决策者应该注意这一点。关于组织领导力作为一个机构及其对组织成果的影响，缺乏实证证据，而本文旨在解决这一问题。