Effectiveness Of Financial Management Research Articles

Hospital Supervisory Staff’s Perceptions Regarding the Effectiveness of Financial Management in University Hospitals

Financial management helps hospital managers make rational financial and administrative decisions and choose effective methods for spending money. Therefore, this study aims to examine hospital supervisory staff’s perceptions regarding the effectiveness of financial management in hospitals, with a focus on university hospitals in Jordan. This study used a quantitative method and employed a cross-sectional design to achieve the study aims. The study was conducted in teaching hospitals located in different areas of Jordan, and the study participants consisted of staff members who have supervisory duties. A questionnaire was developed in order to examine the effectiveness of financial management in hospitals, as perceived by hospital managers. The sample size was 172 participants. The results showed that university hospitals in Jordan have effective financial management based on the supervisory staff's perceptions. Both budget allocation and human resources domains were effective. However, the results for the process and procedures domain were moderate. The results also showed that there was no significant difference in the mean scores according to gender (P-value= 0.66), age groups (P-value= 0.48), education level (P-value= 0.38), experience (P-value= 0.28), and position (P-value= 0.13). Hospital managers should be aware of issues related to processes and procedures and budget allocations that are likely to affect financial management. Hospital managers need to draw more attention to the importance of implementation of financial management in order to enable their hospitals to operate in a financially effective and efficient manner.

Pengaruh pembelajaran manajemen keuangan terhadap perilaku berinvestasi yang dimoderasi gender

The purpose of this study was to analyze the effect of learning financial management on investment behavior of Master of Management students at Pamulang University and to determine the effect of learning financial management on investment behavior moderated by gender. This research is an applied research type with a descriptive statistical verification approach. The population is Master of Management students class 2018 and 2019, sampling using purposive sampling so that the number of samples is 100 respondents. Data analysis using path analysis method using SmartPLS program. Data processing techniques using SEM method based on Partial Least Square (PLS). The results showed that there was an effect of financial management learning on investment behavior of Pamulang University Master of Management students, gender variable could not moderate the effect of financial management learning on investment behavior of Pamulang University Master of Management students.

Financial management efficiency of islamic boarding school based on information technology

Utilization of information technology is a very important requirement for every component of society. Easy, fast and accurate data and information access can optimize routine daily work. Mawaridussalam Islamic boarding school Batang Kuis as an Islamic education institution that plays a role in shaping the character and personality of the next generation of the nation is expected to be able to optimally manage finances and provide good service to the academics of the Islamic boarding school. Until now, financial management is still done manually using bookkeeping, there is no specific financial application used in Islamic boarding school financial management, so it is difficult and slow in recording, processing, controlling and reporting financial activities. Based on these problems, an application is needed that can be used by the treasurer and board of boarding school leaders for financial management systematically. The method applied is the User Centered Design approach and the target that was successfully achieved is the availability of web-based financial management applications that are used properly to increase the efficiency and effectiveness of financial management in Islamic boarding schools.

Influential Factors to Financial Management in Chegutu District Secondary Schools of Mashonaland West Province, Zimbabwe

The study explored factors that influence financial management in Chegutu District Secondary Schools of Mashonaland West Province, Zimbabwe. The study was stimulated by the serious financial challenges in secondary schools as characterised by failure to follow laid down procedures, disagreements, inadequate training and lack of knowledge by both school heads and SDC members in managing finances. The interpretive paradigm and qualitative approach guided the study. A case study design was adopted and purposively sampled participants constituted five school heads, five School Development Committee chairpersons, five School Development Committee treasurers and five school bursars. Thematically analysed data was collected through semi-structured interviews and document analysis. The findings revealed that manuals and policy circulars influence the way schools formulate their budgets as they give clear steps that should be followed. It also emerged from the study that the school finance committee is responsible for drawing the school budget after consultation with other stakeholders. It was found that training of school heads, School Development Committee members and bursars influence financial management to a larger extent and there is a very strong relationship between financial management training and effectiveness of financial management in secondary schools. The study concluded that good working relationship among stakeholders and lack of knowledge by both school heads and School Development Committee members in managing school finances greatly influence the way they execute their duty of managing school finances. The study recommends further research that explores strategies that can be established for improving the way schools manage finances.

PENGARUH PENGELOLAAN KEUANGAN DAERAH DAN SISTEM AKUNTANSI KEUANGAN DAERAH TERHADAP KINERJA PEMERINTAH DAERAH (Studi Empiris Pada Organisasi Perangkat Daerah Kota Jayapura)

This study aims to determine: (1) The effect of financial management on the performance of local government, as well as (2) The effect of the financial accounting system on the performance of local government areas. This type of research is causative with the population were all working units (OPD) at Jayapura City, using 34 samples obtained with different educational backgrounds. The data collection method was used a questionnaire. By using multiple regression analysis tool such as SPSSversion 16. The result shows that: (1) financial management has a negative significant effect on the performance of local government, and (2) financial accounting system area has positive significant effect on the performance of local governments

TYPES OF THE ENTERPRISE FINANCIAL POLICY IN THE PROCESS OF ITS IMPLEMENTATION

The current research conducts the study of the enterprise financial policy in an aspect of formalising its types in an attempt to maximize its efficiency and practical sense as the latter are basically absent due to lacking proper scientific background. That is, subsystems of financial policy are perceived by domestic scholars as its types, which make it impossible to create a rational, functioning and effective managerial system.
 Arranging the enterprise financial policy to specific types allows easier achievement of a chosen strategy and formulated objectives as each such type is a set of methods, levers and tools for making and implementing management decisions, which provides optimisation to this process, thus achieving the maximum efficiency of financial management
 The analysis of domestic scientific achievements on the researched problems, or rather total lack of such, proved the necessity to substantiate the types of enterprise financial policy. Thus, the subsystems of financial policy: depreciation, tax, dividend and others are perceived by domestic scholars as its types, which lead to an erroneous understanding of its essence and process mechanism of its implementation, and hence – the controversial scientific and practical value of existing research.
 The given research proposes following types of the enterprise financial policy: stabilizing financial policy, proliferative financial policy, innovative financial policy and urgent financial policy, that are meant to be used in specific economic conditions and in accordance with current managerial objectives and maximize the effectiveness of financial management.

DETERMINAN EFEKTIVITAS PENGELOLAAN KEUANGAN BADAN LAYANAN UMUM DAERAH (BLUD): DIMODERASI SISTEM PENGENDALIAN INTERN PEMERINTAH

This study aims to determine the effect of the use of information technology, human resource competency, and functional oversight of the effectiveness of financial management of local public service agencies with the government's internal control system as a moderating variable. The data used in this study are primary data with questionnaires as instruments. The number of samples in this study were 112. However, only 92 (82,14%) respondents returned the questionnaire and could be processed. Data in this study were analyzed using the Structural Equation Modeling (SEM) model. Testing the hypothesis in this study using a significance level of 5% (0.05). The results of this study indicate that the use of information technology, human resource competencies, and functional oversight effect on the effectiveness of financial management of regional public service bodies and internal control systems can moderate the relationship of the use of information technology, human resource competencies, and functional oversight of the effectiveness of financial management bodies regional public services.

Agriculture in Kazakhstan: effective financial management

ABSTRACT This article discusses the issue of effective financial management in agriculture. The article considers the indicators of budget spending efficiency that are used by countries with extensive experience in effective budgeting. Such indicators are recommended for adaptation in countries with transitional economy. When assessing the effectiveness of financial management of agriculture in Kazakhstan, it is necessary to take into account examples of effective audit in other countries. The article presents experience of other countries and demonstrates the inconsistency of existing policies in the agricultural sector of Kazakhstan.

Regional Development Environment: Implementation, Realization & Contribution of Revenue in Pematangsiantar

The objective of this study was to analyze the local financial capacity of Pematangsiantar in the course of duty governance, development and community development, the contribution and growth of local taxes, the effectiveness of financial management, the projections and trends of the Local Revenue sources, Admission Local Revenue, and the prospect of Regional Income of Pematangsiantar during Fiscal Year 2015-2017 and the contribution of regional revenue to regional development in Pematangsiantar. The result of this research shows that the Realization of Regional Revenue of Pematangsiantar contributed an average of 93.81 percent, according to the assessment criteria, and the subject included in the category of effective is above 90%. This means that local governments of Pematangsiantar was appropriate and realistic in planning revenue can be seen from their achievements. Contributions and regional revenue growth has increased, indicating their maximum effort in intensification and extensification reception of the Local Taxes and Levies. Discussion of research is with the original income as one source of revenue which shall be used to finance expenditure in order to realize a more equitable development with intensification and extensification of the Local Revenue in line with its potential.

The role of cost control in the financial management of small and medium-sized enterprises

With the gradual acceleration of urbanization construction process, the economic level of China has b een significantly improved, especially the small and medium-sized enterprises under the support of national polici es have gradually accelerated the development speed in the process of urbanization construction, at the same time, to a certain extent, it has improved the economic interests and competitiveness, and promoted the subsequent rapi d development of small and medium-sized enterprises step by step. It is worth noting that in the process of acceler ating the development of small and medium-sized enterprises, the role and importance of financial management ar e increasingly highlighted. In order to ensure the full play of the role of financial management, people need to pay more attention to the application of financial management cost control. The main reason is that cost control is an i mportant part of financial management, which has an important impact on the development of enterprises and busi ness activities, and has a decisive role in the effectiveness of financial management of small and medium-sized ent erprises. Based on this, when small and medium-sized enterprises are facing increasing market competition, they must attach importance to the role of cost control in the financial management of enterprises, and try their best to p lay the actual effect of cost control, so as to provide continuous impetus for the development of small and medium-sized enterprises.

Analisis Implementasi Sistem Informasi Keuangan, Kompetensi Pegawai dan Evaluasi Manajemen Terhadap Efektifitas Pengelolaan Keuangan Pada Unit Program Belajar Jarak Jauh Universitas Terbuka Seluruh Indonesia

<pre><em>Financial management is one of the factors that determine the achievement of organizational goals. In order for financial management (budget) to run in an orderly and accountable financial information system. To further optimize the work of information systems so that effectiveness can be achieved requires implementation activities, employee competencies and management evaluation of the financial information system.</em></pre><pre><em>This study aims to analyze: 1). Analyzing the influence of the implementation of financial information systems on the effectiveness of financial management, 2). Analyzing the influence of employee competency on financial management effectiveness 3). Analyze the influence of management evaluations on the effectiveness of financial management in the Open University Distance Learning Program Unit throughout Indonesia.The study was conducted using quantitative descriptive method, the research sampling used purposive sampling non probability with a total sample of 117 respondents. The data analysis technique used is regression analysis using Partial Least Square (PLS).</em></pre><pre><em>The results showed that the implementation of financial information systems had a significant effect on the effectiveness of financial management, employee competence had a significant effect on the effectiveness of financial management and management evaluation also had a significant effect on the effectiveness of financial management. Determination coefficient value obtained is 64.80%, it can be concluded that the implementation of financial information systems, employee competencies and management evaluation of effective financial management.</em></pre>

El precio de las acciones de la BMV y su relación con el desempeño de la gestión financiera en la consecución del crecimiento corporativo sostenible, 2000-2018

The objective of this work is to analyze the capacity of financial management in achieving sustainable corporate growth and its impact on the performance of prices in the representative capital stock of companies listed on the Mexican Stock Exchange of the first quarter of the 2000 to the second quarter of 2018. The contribution of this research is presented with the determination of an index that measures the effectiveness of financial management to convert available resources into productive, profitable and value-generating resources, in addition the impact of this indicator on the share price is quantified. The statistical technique of main components is used to develop the indicator of efficiency and effectiveness of financial management. With respect to the measurement of the impact of the economic and financial variables on the price of the shares, with a cross-sectional database, time series models of the panel type of variable effects are used.

FINANCIAL MANAGEMENT AND ASSETS OWNERSHIP TOWARD SUBJECTIVE WELL-BEING ON ENTREPRENEURIAL FAMILY

This study aims to analyze the effect of financial management and asset ownership on subjective well-being on entrepreneurial families. This research was conducted on 90 families who had a business in Babakan Village, Dramaga District, Bogor Regency. The sampling method was using the purposive technique. Respondents in this study are husband or wife who owns and manage their business. Data analyzed descriptively and inferential statistics using multiple linear regression test. According to the research, entrepreneurial families have a low financial management index. Most families have assets at least three types. The level of subjective well-being of the entrepreneurial family is classified as moderate. Income and financial management have a significant positive effect on the subjective well-being of families. Asset ownership does not have a significant effect on subjective family well-being.

Business Processes’ Reengineering in the Context of Increasing the Firm’s Value

This article is devoted to the study of practical combination of the business processes’ reengineering concept and the concept of value creation to increase the performance of the company and the possibility of an objective quantitative assessment of management decisions’ quality.The article compares the management evaluation tools within the framework of business process reengineering and determines that the use of the VBM (Value Based Management) model will improve the results. The concept of creating value provides an objectively evaluation of the company’s management actions and efforts aimed at maximizing the value of the company.The authors revealed the functional links of business processes when the product of an auxiliary process transfers its value to the final product of the main business process and, as a result, considering of every single business process as an independent business line, analyzing its profitability, efficiency, and narrow places that are not visible in the company as a whole, becomes possible.Therefore, the author's vision results in the following: business processes’ reengineering is a powerful effective tool for introducing the concepts of cost management into practice. Being implemented within the framework of the reengineering project, the transformations fundamentally affect the performance of the entire company’s management including its main component - financial management. Thus, the effectiveness of financial management while implementing a reengineering project can be objectively evaluated through the application of methods and tools developed within the framework of the value concept.

Influence of Internal Audit on Effective Financial Management at the Cape Coast Metropolitan Assembly

The purpose of the study was to investigate the influence of internal audit on the effectiveness of financial management at the Cape Coast Metropolitan Assembly (CCMA), Central Region of Ghana. The correlational research design was used for the study. The study population was 123 while the sample size for the study was 100. The lottery method of simple random sampling procedure was used to select the respondents. Questionnaire was used to collect data. The Cronbach alpha reliability coefficient of the questionnaire was 0.851, which was deemed appropriate and significant. The data were analysed using inferential statistics. The findings of the study revealed that determinants of internal audit (independence of internal audit, internal controls, professional competence and internal audit standards) have statistically significant influence on effective financial management at the CCMA. It is recommended to government through the Ministry of Local Government and Rural Development, and the management of the various MMDAs to ensure that internal auditors within the various MMDAs continue to update themselves with the changing times and technologies and sharpen their skills. Also, they should ensure that internal auditors within the assemblies are independent, qualify and act professional such that they will not be under the control of the Chief Executive but part of the management team.

Reformasi Keuangan Daerah, Tata Kelola Pemerintahan, Sistem Informasi Keuangan terhadap Pengelolaan Keuangan Daerah serta Implikasinya pada Kinerja Keuangan Pemerintahan Daerah

This study is aimed at identifying and assessing the Effect of Regional Financial Reform, Government Management, and Financial Information System towards Financial Management and its Implications towards the performance of Local Government Finance in East Priangan Region. This study used a descriptive approach and verification by using descriptive survey and explanatory survey. In this study, the sample is SKPD (Work Unit) of 180 regional work units by using path analysis. The study concluded that the effects of the Regional Financial Reform towards the Regional Financial Management is 35.90%, the effect of Government Management towards Regional Financial Management is 30.70%, the effect of the Financial Information System towards regional Financial Management is 35.60%. Simultaneously the effect of independent variables towards Regional Financial Management is 61.10% and the remaining 38.90% is another factor that is not studied but it influenced to the Regional Financial Management. And the last, the Effect of Financial Management towards Financial Performance is 83.90%, while the remaining 29.70% is another factor that is not studied, but also influence.

Financial Management Effectiveness and Board Gender Diversity in Member-Governed, Community Financial Institutions

Although non-profit organisations typically have high representation of females on their boards, relatively little is known about the effects of gender diversity in these organisations particularly in relation to financial management. In this archival study, resource dependency theory and agency analysis are combined to provide theoretical insight and empirical analysis of gender diversity on effective financial management in member-governed, community financial institutions. The investigation is possible due to the unique characteristics of the organisational form and region being examined—credit unions in Northern Ireland. The sector has not been subject to external regulation on board gender, yet a wide array of gender mix on boards ranging from 100 % male to 100 % female are in existence. In addition, effective financial management is crucial to their survival and their ability to meet member objectives. Boards with higher female representation exhibit superior financial management first, in respect of loan book quality in the period of austerity following the financial crisis and second when measured against return on assets.

The effect of financial management on alcohol-related hospitalization

Treatment-unresponsive alcoholics in New Zealand who are unable to care for themselves tend to be hospitalized for lengthy periods of time. The author examined the effect of adding financial management to the therapeutic management of such patients. The null hypothesis was that this would have no effect on the duration of alcohol-related hospitalization. All 61 alcoholic patients registered with an alcohol outpatient clinic who received financial management over a period of 6 years were included in the study. Their alcohol-related disabilities were so severe that they had resulted or were likely to result in lengthy or frequent periods of hospitalization. The financial management involved putting each patient's income into a checking account for which a budget advisory officer was cosignatory for withdrawals. The advisor saw to it that patients' basic living requirements were being met and that expenditure on alcohol was not having a detrimental effect. Participation was voluntary for voluntary patients and involuntary for committed patients. The durations of each patient's alcohol-related hospitalizations were compared for two equal periods of time before and after financial management was instituted. The null hypothesis was not supported. The duration of alcohol-related hospitalizations after financial management was instituted was 86% less than it was before such management. For the patient who is struggling in the face of excessive drinking to cope with the tasks of daily living, including the provision of adequate shelter and nutrition, the benefits of adding financial management to other therapeutic strategies should be considered.