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Desktop study of the extent to which financial management practices impact on an organization?s Financial performance

Author

Listed:
  • Ruwende, Justice Walter

    (Midlands State university, Zimbabwe)

  • Wadesango, Newman

    (University of Limpopo, RSA)

  • Sitsha, Lovemore

    (Midlands State University)

Abstract

The purpose of this desktop research methodology was to ascertain extent to which financial management practices impact on an organization’s financial performance. We have located the research of this paper within a qualitative approach. This decision was informed by the fact that this paper is not interested in the quantification of data. But its main interest lies in the painting of qualitatively rich picture of the phenomena being studied within the context of limited respondents. To this end, the problem of this study is explained descriptively and theoretically for the purpose of generating a crispy understanding of the impact of financial management practices on an organization’s financial performance. Among others, these sources included journal articles, books, magazines and newspapers in the area of media related to the Gambia. It was discovered that the financial management strategies had a substantial impact on an organisation’s financial performance.

Suggested Citation

  • Ruwende, Justice Walter & Wadesango, Newman & Sitsha, Lovemore, 2023. "Desktop study of the extent to which financial management practices impact on an organization?s Financial performance," Journal of Economic and Social Development, Clinical Journals Press, vol. 10(02), pages 01-11, September.
    • Handle: RePEc:ris:joeasd:0037
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    References listed on IDEAS

    as
    1. Sharif N Ahkam & Nazmun Nahar & Shabnin Rahman Shorna, 2021. "Management of Receivables, Financial Distress, and Profitability in Bangladesh," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 11(9), pages 710-723.
    2. Zhang, Dongyang & Zheng, Wenping, 2022. "Does COVID-19 make the firms’ performance worse? Evidence from the Chinese listed companies," Economic Analysis and Policy, Elsevier, vol. 74(C), pages 560-570.
    3. Ferdinando Giglio, 2022. "The Capital Structure through the Modigliani and Miller Model," International Business Research, Canadian Center of Science and Education, vol. 15(11), pages 1-11, November.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Internal Audit Function; Parastatal; Corporate Governance; NSSA;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists

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