The Nexus Between Transformational Leadership and Greece’s Public Sector Performance: Educational Leadership Extension

The paper aims to extend our understanding of how effective educational leadership impacts a nation’s performance in the context of public sector risk and value. It seeks to broaden the insights gleaned from the author’s empirical research conducted within the scope of their dissertation on this topic, namely “Leadership and organizational change in the financial decision making in Greek public sector in a time of financial and humanitarian crises”. This paper replicates the author’s empirical research, focusing on the educational impact of leadership qualities in Greek secondary education. Accordingly, it examines leadership through surveys from teachers and stakeholders, highlighting attributes such as influence, motivation, intellectual stimulation, personal attention, and job satisfaction. The study investigates the connection between these leadership characteristics and critical economic indicators, thoroughly analysing their interplay. Data spanning 2015-2019 from sources like the World Bank, the Greek Ministry of Economics and Finance, the OECD, and Eurostat underpins this investigation, shedding light on how educational leadership influences economic patterns. By employing a robust econometric technique using the OLS method, the research reveals that enhanced leadership within schools directly benefits educational quality from the perspectives of teachers, professors, and students. Furthermore, the implementation of transformational leadership strategies significantly boosts performance across various quantiles, reflecting the value added to Greece’s public sector education.