The impact of financial management practices on the growth of Small and Medium Scale Industries in the Ga South Municipality in the Greater Accra region

2021 ◽  
Author(s):  
Joshua Akanyonge ◽  
Wyll’s Farlane Dissoundou Bagnenda ◽  
Alfred Asapeo
Keyword(s):  
Financial Management ◽  
Management Practices ◽  
Medium Scale ◽  
The Impact ◽  
Greater Accra Region

International Financial Management and Multinational Enterprises

2009 ◽  
Author(s):  
Michael Bowe
Keyword(s):  
Financial Management ◽  
Market Integration ◽  
Multinational Enterprises ◽  
Financial Risk ◽  
Management Practices ◽  
Management Policy ◽  
Critical Survey ◽  
Financial Market Integration ◽  
Current Research Interest ◽  
The Impact

This article provides a selective, critical survey of the academic literature on the financial management policy of multinational enterprises (MNEs). The focus of much current research interest can be captured in two major themes which also dominate this analysis. The first is financial management policy in relation to the increasing volatility of real and financial asset prices in the international financial environment within which MNEs operate. This dictates one theme of this article: the impact of financial risk, in particular market risk, on MNEs and an appraisal of evolving financial risk management practices. The second theme is international market segmentation. The globalization of international business activity has evolved along with a trend towards increasing financial market integration, particularly in capital markets.

scholarly journals Impact of Financial Management Practices on SMEs Profitability with Moderating Role of Agency Cost

2017 ◽  
Vol 9 (1) ◽  
pp. 23-30 ◽  
Author(s):  
Saqib Muneer ◽  
Rao Abrar Ahmad ◽  
Azhar Ali
Keyword(s):  
Financial Management ◽  
Structural Equation ◽  
Management Practices ◽  
Small And Medium Enterprises ◽  
Agency Cost ◽  
Partial Least Square ◽  
Least Square ◽  
Primary Data ◽  
Medium Enterprises ◽  
The Impact

The importance of Small and medium enterprises (SMEs) towards economic development and growth is considerable. Some SMEs are facing difficulties to their development due to the lack of financial resources and management experience. The objective of this study is to check the relationships of financial management practices on profitability of small and medium enterprises and also to check the impact of agency cost on this relationship. This study consists of data analysis of two hundred SMEs from Faisalabad Pakistan. The study used primary data predominantly. SPSS 23 is used for descriptive analysis and Structural Equation Model (SEM) through Partial Least Square (PLS) 3 for hypothesis testing. The findings of this study indicate the presence of positive relationship between financial management practices and SMEs profitability but agency cost as a moderator has no effect on this relationship. The study strongly recommends higher adherence to financial management practices. Policy makers, developments partners, owners, and managers of SMEs may use these findings for sustainability of their business in Pakistan.

The impact of financial management practices and competitive advantage on the loan performance of MFIs

2017 ◽  
Vol 44 (1) ◽  
pp. 114-131 ◽  
Author(s):  
Stephen Korutaro Nkundabanyanga ◽  
Brendah Akankunda ◽  
Irene Nalukenge ◽  
Immaculate Tusiime
Keyword(s):  
Competitive Advantage ◽  
Financial Management ◽  
Positive Relationship ◽  
Management Practices ◽  
Theory Approach ◽  
Content Type ◽  
Significant Positive Relationship ◽  
Process Factors ◽  
The Impact ◽  
The Relationship

Purpose The purpose of this paper is to study the impact of financial management practices and competitive advantage on loan performance of microfinance institutions (MFIs). Design/methodology/approach In this cross-sectional study, the authors surveyed 70 MFIs in Kampala, Uganda. The authors applied principal component analysis to reduce the number of factors and identify the important elements that capture financial management practices, competitive advantage and loan performance of MFIs. The authors put forward and tested three hypotheses relating to the significance of the relationship between these three variables of MFIs using the statistical software package, SPSS and also apply the normal theory approach developed by Sobel (1982) and Baron and Kenny (1986) in testing the mediation by competitive advantage. Findings Robust financial management practices are associated with better loan performance of MFIs. Results also reveal a significant positive relationship between the competitive advantage of the MFIs and their loan performance. Furthermore, a significant positive relationship between competitive advantage and loan performance is found. Moreover results also show a full mediation effect of competitive advantage on the association of financial management practices and loan performance, implying that the association of financial management practices of the MFIs on their loan performance is entirely through their competitive advantage. Research limitations/implications Although there is plenty of literature on loan performance, financial management practices and competitive advantage, there is scarce literature on their effective conceptualization. This together with the imprecise definition of competitive advantage may have affected conceptualization of the authors study. Thus, in this study, the authors do not claim highly refined measurement concepts. Moreover, many of the extant studies for instance have measured loan performance quantitatively, yet process factors which are inherently qualitative in nature can better explain variances in loan performance concept. More research is therefore needed to better refine qualitative concepts used in this study. Practical implications Efforts by the MFIs management to improve loan performance must be matched with adoption of financial management practices that provide MFIs with sustained competitive advantage over their rivals. Originality/value In order to explain loan performance of MFIs, and drawing from social economics, management and accounting strands, this study shows that assessing the role of competitive advantage in the relationship between financial management practices and loan performance is imperative. Also, many of the extant studies have measured loan performance quantitatively, yet process factors or antecedents which are inherently qualitative in nature can better explain variances in loan performance concept. Thus this study calls for the refinement of loan performance concept and accounting for endogeneity.

scholarly journals An exploration of funds management by emerging contractors

2018 ◽  
Author(s):  
◽  
Andisa Avuyile Merana
Keyword(s):  
Construction Industry ◽  
Financial Management ◽  
Management Practices ◽  
Systematic Sampling ◽  
Specification Errors ◽  
Funds Management ◽  
Two Phases ◽  
Time Planning ◽  
Work Done ◽  
The Impact

Finance is a critical aspect that needs to be closely monitored in a business and during the lifespan of a construction project. Emerging contractors need to develop and run sustainable businesses in the construction industry. The extent of expertise in funds management by emerging contractors directly relates to their development. Therefore, all efforts must be geared towards their expertise, development and sustenance. Emerging contractors need to manage their finances, be competitive, and deliver projects in the required quality, time and within the allocated budget. This study aims at determining challenges faced by emerging contractors, the root causes of challenges of emerging contractors in funds management, the impact of emerging contractor challenges on project delivery time. Further, the study aims to develop a flow chart that will mitigate emerging contractor challenges in funds management. The study was conducted in KwaZulu-Natal, South Africa using a questionnaire. Questionnaires were distributed in two phases and respondents to the study included emerging contractors and industry stakeholders. Random and systematic sampling techniques were employed in the selection of samples. A total of 85 questionnaires were analysed for the study. Inferential statistics was employed for analysis of data. Findings include late payment for completed work which ultimately causes delays; interference with project performance; inadequate planning; unskilled site manpower; late delivery of material; late identification of errors and resolution of drawings, specification errors and omissions; community unrest, militancy and communal crises and interference by political leaders are some of the key factors that negatively affect emerging contractors’ funds management. When adequate attention is given to these factors, it results in project success. In addition, improvement of contractor performance and quality of work; involvement of tribal authorities, provision of finances for project by funders, securing finances and materials credit; successfully managing project finances from inception to completion leads to profits being made and projects are completed successfully and within budget when payment for work done is effected on time. Recommendations include ensuring that sufficient finances are secured, allocated and properly managed from inception to completion of a project; payments are prepared, submitted and paid on time. Planning is improved to combat project delays including ordering materials in advance, identifying design and specification errors early, engaging all project stakeholders to avoid disputes and attending formal training courses to acquire skills that will assist in running projects and managing successful and sustainable businesses. It is also recommended that the new proposed programme and flowchart be adopted to assist the South African construction industry in improving the financial management practices and develop skill of emerging contractors; its adoption will alleviate challenges facing emerging contractors in funds management.

scholarly journals GAMBARAN DAMPAK SIKAP TERHADAP UANG (money attitude) PADA PERILAKU PENGELOLAAN KEUANGAN PRIBADI

Jurnal Soso-Q ◽  
2020 ◽  
Vol 8 (1) ◽  
Author(s):  
Marissa Silooy
Keyword(s):  
Retention Time ◽  
Financial Management ◽  
Management Practices ◽  
Research Problem ◽  
Attitude Scale ◽  
Measurement Tool ◽  
Young Generation ◽  
Personal Finances ◽  
Money Attitude ◽  
The Impact

Financial management is a set of behaviors carried out through planning, budgeting, and evaluating which includes cash, credit, investment, insurance and retirement, and inheritance planning activities. Financial management practices in the younger generation have received serious attention from various organizations, such as governments, financial institutions, universities, and others. This is because when they began to enter the world of lectures, most of them did not have a sense of responsibility towards their own personal finances also showed that today's young generation rarely practiced basic financial capabilities, such as budgeting, daily savings planning or planning for long-term needs. To answer the research problem, researchers use the Money Attitude Scale (MAS) developed by Yamauchi & Templer (1982), which is a valid measurement tool in assessing the impact of attitudes on money on personal financial management, namely: (1) power-prestige, showing the use of money as a tool to influence and impress others and as a symbol of success, (2) retention-time, describes the use of money directed to the future, which requires financial planning. People with a retention-time attitude will be careful when using money and are very concerned with the financial situation that occurs. The results showed power prestige, retention-time.Keywords: Impact of attitude towards money (money attitude), personal financial management behavior

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