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
Date Written: August 17, 2010
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
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