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Financial management practices and their impact on organizational performance

By Babar Zaheer Butt, Ahmed Imran Hunjra and Kashif-Ur- Rehman

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.

Topics: G32 - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
Year: 2010
DOI identifier: 10.2139/ssrn.1750391
OAI identifier: oai:mpra.ub.uni-muenchen.de:32685

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