Financial Management Practices and Financial Performance of Service Companies in Somalia

Ali, Ali Yassin Sheikh; Isak, Adan Osman

doi:10.7176/rjfa/10-4-07

Cited by 6 publications

(2 citation statements)

References 2 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…It was revealed that financial management practices had a significant impact on a firm's performance. This is further supported by Ali and Isak (2019); Selvanayaki, Sivakumar, Rohini, and Mani (2016); and Deresa (2016) who investigated similar studies.…”

Section: Discussion Of Findingssupporting

confidence: 55%

Strategic Financial Management Practices and Return on Asset of Quoted Oil and Gas Firms in Nigeria

Sunday,

Lateef

2022

CTSMSR

View full text Add to dashboard Cite

This paper evaluated the influence of strategic financial management practices (SFMP) on the return on assets (ROA) of quoted oil and gas firms in Nigeria. A simple random sampling was adopted for the sample with data generated from annual reports and accounts of sampled oil and gas firms in Nigeria for fifteen years (2006-2020) for the study. The findings showed that SFMP had significant influence on the ROA of quoted Oil and Gas firms in Nigeria (p-value =0.0003; <0.05). The result revealed that debt finance was negatively significant but investing activities was positively significant on ROA. Furthermore, dividend payout, working capital, and total asset turnover had positive insignificant effect on ROA of quoted Oil and Gas firms. The Adjusted R-Square of 0.56 showed that 44% outside SFMP caused changes in ROA. It was recommended that the management should pay attention to debt finance which negatively impacted ROA. Keywords: Debt finance; Dividend payout; Performance; Return on asset; Working Capital

show abstract

Section: Discussion Of Findingssupporting

confidence: 55%

Strategic Financial Management Practices and Return on Asset of Quoted Oil and Gas Firms in Nigeria

Sunday,

Lateef

2022

CTSMSR

View full text Add to dashboard Cite

show abstract

“…Financial management is the mechanism whereby the resources of a company are organized, controlled, evaluated, and maintained to ensure that business objectives are accomplished (National Audit Office, 2020). Financial management, according to Ali and Isak (2019), is a set of procedures. Techniques, and processes used by relevant department managers to control a company's income, spending, obligations, assets, and contingencies.…”

Section: Background Of Studymentioning

confidence: 99%

Evaluating the Impact of Financial Management Practices on an Organization’s Financial Performance: A Case Study of Hwange Colliery Company

Wadesango,

Ruwende,

Sitsha

2023

IJEFI

View full text Add to dashboard Cite

The purpose of the study was to establish the impact of financial management practices on an organization’s financial performance. This analysis was driven by the organization’s declining profitability despite the efforts to deploy cost-cutting initiatives. As a consequence, the research looked into the impact of existing procedures in working capital management, fixed assets management, capital structure and investment practices. The descriptive research design was used in the study and quantitative research approach was adopted. The administrative personnel at Hwange Colliery Company, which numbered forty six, comprised the population and a sample of 30 was used. A questionnaire survey with structured questions was utilized. In the study, regression analysis and Pearson coefficient of correlation were employed to determine the link between the factors of financial performance and financial management techniques. It emerged that the financial management strategies had a substantial impact on Hwange Colliery Company financial performance. To maintain resource efficiency, the research recommends improvements in the areas of accounts receivable management and investment decision that is leading to losses if wrong decision are made.

show abstract

The Influence of Capital Structure on the Value of Public Companies in Chemical Industry

Markovskaya

Bitiukova

2017

SSRN Journal

View full text Add to dashboard Cite

The study is about the relation between the financial leverage and the value of a firm in the chemical industry. Financial stability (low level of growth and financial health) is considered as a factor that can influence the relation. The panel data analysis of the sample of public chemical companies is used. Instrumental variables are used to avoid endogenity problem of the leverage in the model. We find that the relation between the financial leverage and the value is positive. We show that the big amounts of debt past the optimum level influence company's market value negatively. We also find that financial stability influences the relation between the leverage and the value only partly. Financial health strengthens the relation while growth has little or no influence on the relation. Testing for the change of influence patterns before and after financial crisis of 2008 gives significant difference only in relation between the value and the square financial leverage. In the first part of this work the existing body of literature on the relation between the financial leverage and the value of a company will be studied and hypotheses will be formulated. The second part will be dedicated to methodology of the study. The third part will contain the description of the data and the results of econometric analysis.

show abstract

Financial Management Practices and Financial Performance of Service Companies in Somalia

Cited by 6 publications

References 2 publications

Strategic Financial Management Practices and Return on Asset of Quoted Oil and Gas Firms in Nigeria

Strategic Financial Management Practices and Return on Asset of Quoted Oil and Gas Firms in Nigeria

Evaluating the Impact of Financial Management Practices on an Organization’s Financial Performance: A Case Study of Hwange Colliery Company

The Influence of Capital Structure on the Value of Public Companies in Chemical Industry

Contact Info

Product

Resources

About