Financial Management Practices and Their Impact on Organizational Performance

World Applied Sciences Journal, Vol. 9, No. 9, pp. 997-1002, 2010

6 Pages Posted: 28 Jan 2011

See all articles by Ahmed Imran Hunjra

Ahmed Imran Hunjra

University of Waikato; Pir Mehr Ali Shah Arid Agriculture University Rawalpindi (PMAS)

Babar Zaheer Butt

Foundation University; Tohoku University of Community Service & Science; Institute of Cost and Management Accountants of Pakistan; FUUAST

Kashif Ur Rehman

IQRA University - Islamabad Campus

Date Written: August 17, 2010

Abstract

This study measures the relationship between organizational performance and financial management practices like capital structure decision, dividend policy, investment appraisal techniques, working capital management and financial performance assessment in Pakistani corporate sector. Sample of the study consisted of forty companies operating in Pakistan, related to different sectors and listed at Karachi Stock Exchange. The finance executives and financial analysts of the companies responded to questionnaire that identified through company profiles and references. The questionnaires were self administered to collect the data from respondents. The results show a positive and significant relationship between financial management practices and organizational performance in Pakistani corporate sector.

Keywords: Corporate Sector, Financial Management Practices, Karachi Stock Exchange, Organizational

Suggested Citation

Hunjra, Ahmed Imran and Butt, Babar Zaheer and Rehman, Kashif Ur, Financial Management Practices and Their Impact on Organizational Performance (August 17, 2010). World Applied Sciences Journal, Vol. 9, No. 9, pp. 997-1002, 2010. Available at SSRN: https://ssrn.com/abstract=1750391 or http://dx.doi.org/10.2139/ssrn.1750391

Ahmed Imran Hunjra (Contact Author)

University of Waikato ( email )

Te Raupapa
Private Bag 3105
Hamilton, 3240
New Zealand

Pir Mehr Ali Shah Arid Agriculture University Rawalpindi (PMAS) ( email )

Muree Road Rawalpindi
Shamsabad, Punjab 44000
Pakistan
00923457162527 (Phone)

Babar Zaheer Butt

Foundation University ( email )

islamabad
Pakistan

Tohoku University of Community Service & Science

Sakata, Yamagata
Japan

Institute of Cost and Management Accountants of Pakistan ( email )

Islamabad
Pakistan

FUUAST ( email )

Islamabad
Pakistan

Kashif Ur Rehman

IQRA University - Islamabad Campus ( email )

5, Khayaban-e-Johar
Islamabad, H-9
Pakistan

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