TY - JOUR AU - Nikita Kurdyukov PY - 2023/01/20 Y2 - 2024/03/29 TI - Why Do We Need to Examine Leadership Concepts and Styles in Finance? Literature Overview JF - Journal of Corporate Finance Research / Корпоративные Финансы | ISSN: 2073-0438 JA - КФ VL - 16 IS - 4 SE - Обзоры DO - 10.17323/j.jcfr.2073-0438.16.4.2022.135-143 UR - https://cfjournal.hse.ru/article/view/16667 AB - In the contemporary world, leadership concepts are associated with managerial literature. As a rule, scholars define a leader as a person with a certain set of positive characteristics that enable them to lead people and contribute to the successful development of a company. However, the concept of financial efficiency has to be factored into the effective developmentof a company. At the same time, personal characteristics of top managers, such as overconfidence, narcissism, excessive risk-taking, usually have a negative connotation in financial literature.This review includes a study of the development of various leadership concepts in management-related literature. The leader’s main personal characteristics are highlighted according to the literature. It also explores the relationship between the concepts of a leader and a manager. The literature devoted to the relationship between the concept of a transformationalleader and company performance has also been studied. The key conclusion of this literature review is that certain personal characteristics of top managers can have a positiveeffect on a company’s performance if they are considered from the point of view of transformational leadership. This confirms the need for a deeper study of the relationship between managers’ personal characteristics and a company’s financial efficiency, especially in the context of sustainable development and the concept of transformational leadership. ER -