Financial Managers Research Articles

The Impact of Accounting Knowledge Management on Improving Institutional Performance in the Greater Amman Municipality

The study was designed to explore the influence of accounting knowledge management (AKM) on enhancing institutional performance across various dimensions such as learning and growth, internal processes, customer satisfaction, financial performance, and the strategic dimension within the Greater Amman Municipality. Utilizing a combination of descriptive and inferential analytical approaches, the research targeted the entire cohort of employees working in the financial department, encompassing financial managers, department heads, accountants, and auditors, amounting to a total of 244 individuals. To fulfill the study’s aims, 200 questionnaires were disseminated, out of which 156 were returned and deemed valid for analysis, marking a substantial response rate of 78%. The findings of the study were quite revealing, indicating that all aspects of accounting knowledge management attained high levels of relative importance. Similarly, each dimension of institutional performance was also deemed to hold significant importance. Crucially, the study unveiled a positive correlation between the implementation of AKM and the enhancement of institutional performance within the Greater Amman Municipality. It was further discerned that the application of AKM concepts played a substantial role in the amelioration of institutional performance. One of the pivotal recommendations emerging from the study emphasized the need for the Greater Amman Municipality to augment its focus on generating accounting knowledge. The study advocates for the adoption of modern management methodologies that foster teamwork, cooperation, and active employee participation in conferences and meetings, to enhance knowledge generation and application within the organization.

The Model of The Sport Agent in Thailand: How to Be the Finest Athlete Representative?

Purpose: This research aims to study the basketball sport agent management model in Thailand. Theoretical Framework: This study employs the concepts and theories of the sport agent’s management factor affecting the professional Basketball player achievement in Thailand. Methodology: The study was qualitative research used in-depth interviews. The purposive sampling 24 key informants which were comprised of three trainers, three media people, three financial managers, nine people consist of the representative from the basketball league, professional basketball team owners, and basketball association administrators, three lawyers, three people from the sport cloth and equipment business, three professional basketball team owners, and three Basketball association administrators. The qualifications are the experienced person, and have been related in the sport industry more than 3 years. The researchers gathered data from in-depth interviews by using the management process (planning, organizing, leading, and controlling) approach. Findings: The result found the management model in 4 aspects, firstly, the planning is the goals and route, provoke and increase the plans and strategies for each step of the way. Secondly, the organizing establishes the system to coordinate and allocate a firm`s assets in an effort to perform its plans. Thirdly, leading by synchronization of the efforts of people and organizations for the cause of reaching organizational efficiency. Lastly, the controlling is the manner of the use of organizational assets to comprehend organizational objectives. Research Practical and Social Implication: The research study will be employing the protection of players' rights and interests in contract negotiations. Furthermore, the basketball agent able to transfer to the professionalization of the basketball industry through standardized agent practices. Moreover, the result of the research will be guideline for the sport agent to enhanced credibility and integrity of Thai basketball on the international stage. In term of the social implications, the result of the research study will reduction of exploitative practices and unethical behavior within the industry. Moreover, it will be empowerment of athletes to make informed decisions about their careers. In addition, it able to promote fair play and sportsmanship values in the basketball community. Originality/Value: The introduction of a structured basketball sport agent management model in Thailand offers a unique opportunity to enhance transparency and accountability in player representation, addressing existing gaps in regulation. By prioritizing the welfare and interests of athletes, this model has the potential to elevate the integrity and professionalism of the Thai basketball industry, ultimately fostering growth and sustainability. Its implementation serves as a pioneering step towards aligning with global standards while nurturing a more ethical and equitable environment for players, agents, and stakeholders alike.

Liquidity Management in Pakistani Firms: An Empirical Analysis

This study investigates the factors affecting corporate cash holdings among Pakistani firms, utilizing a comprehensive analysis through multiple regression models, including OLS, fixed effects, and Fama-MacBeth methodologies. The results consistently demonstrate significant relationships between cash held by companies and various factors that are specific to firms such as market-to-book ratio, firm size, leverage, cash flow from operations, net-working capital, long-term investments, and cash flow variations. Key findings indicate that companies having greater growth potential maintain higher amount of cash, supporting the trade-off theory, while larger firms hold less cash, reflecting their better access to external financing. The negative association between borrowing and cash-holdings aligns with the pecking-order theory, and the positive association between capital expenditures and cash held by companies supports the precautionary motive. This study makes the contribution to the current research on corporate finance by providing evidence on the liquidity management practices of firms in a developing economy context, offering insights that are particularly relevant for policymakers, financial managers, and investors. The robustness of the results across different models underscores the reliability of the findings, enhancing the understanding of how various factors influence corporate cash holdings.

Impediments to Implementation of the Procurement Audit Recommendations in the Public Sector in Tanzania: Challenges and Solutions

The study investigates impediments that hinder the implementation of audit recommendations in the public sector and suggests suitable recommendations. The study employs a semi-structured interview method to gather data from stakeholders involved in public procurement. These stakeholders are from 51 procuring entities, which include Ministries, Departments and Agencies (MDAs), Parastatals (PAs), and Local Government Authorities (LGAs). This study sampled and interviewed a total of 51 employees. The individuals included in this group are procurement officers, accounting officers, tender board members, internal auditors, engineers, information and communication technology experts, transport officers, legal officers, and finance managers from the selected procuring firms. The data has been analyzed through the technique of content analysis. The study found that the insufficient implementation of audit recommendations in Tanzanian procuring entities is due to ineffective monitoring mechanisms for implementing the recommendations, insufficient resources needed to carry out the recommendations, and a lack of commitment among stakeholders in the organizations to implement the recommendations. The study suggests that the oversight bodies should establish an effective monitoring mechanism to ensure the implementation of the audit recommendations, the government should ensure that the procuring entities possess the resources to carry out audit recommendations. Additionally, procuring entities must demonstrate a strong commitment to executing the audit recommendations.

The Effect of Applying Business Incubators on Enhancing the Innovative Performance of Investment and Privatization Projects in Saudi Sports Clubs

The importance of the new business systems that work on developing the concept of institutional support for the new projects has emerged. Within this context, business incubators are considered one of the most effective and successful systems in implementing development programs and supporting creativity and innovation. Therefore, business incubators have become on the list of development priorities and the formation of new projects. The purpose of the study was to identify the effect of applying business incubators on enhancing the innovative performance of investment and privatization projects in Saudi sports clubs, to achieve the objective of the study, the descriptive approach (survey study method) was used. Some officials of the Ministry of Sports, chairmen and members of sports club councils, executive directors, activity managers, financial managers, and members of various committees participated in the study. The study population categories were used to select the study sample intentionally. Two questionnaires were used to obtain data from (430) participants in the study. The results showed that there is an effect of applying business incubators on enhancing the innovative performance of investment and privatization projects in Saudi sports clubs. Business incubators can be applied to support the innovative performance of investment and privatization projects in sports clubs. However, the study also highlighted challenges and barriers faced by business incubators in the Saudi sports sector, such as a lack of awareness, insufficient logistical support, limited resources, and a shortage of skilled individuals. The absence of regulations governing incubator operations further hampers their progress. The study also provides insight into the implications of the application of business incubators to enhance innovative performance and future directions.

DO CFOs HAVE HEARTS? A REVEALING PHENOMENOLOGICAL INTERVIEW

This article sought to understand how Chief Financial Officers (CFOs) deal with feelings and emotions. Criticized for their strictly positivist view while reconciling scarce resources and diverse needs, financial directors are recognized for their coldness in dealing with sensitive issues such as massive layoffs, benefits, and investments cuts, referring to the numbers through a results-oriented perspective. Through an interview with a financial director using the phenomenological approach, it was possible to reveal little-known aspects of these professionals, related to the management of their feelings and emotions. The answers, based on her real experience, confirm the perceptions of the author, also a financial manager, that statements of positive emotions are better accepted than negative ones, not only in the finance area, but in the corporate environment in general. The importance of a supportive net and gender issues also appeared, such as the connection between feelings and weakness, attributed to women. Finally, the ability to deal with complex situations and external factors through emotional intelligence and a calm and balanced approach constitutes valuable quality to be achieved, inspiring respect and credibility.

Research on the application of deep learning techniques in stock market prediction and investment decision-making in financial management

Introduction: This paper introduces a deep learning approach based on Convolutional Neural Networks (CNN), Bidirectional Long Short-Term Memory Networks (BiLSTM), and attention mechanism for stock market prediction and investment decision making in financial management. These methods leverage the advantages of deep learning to capture complex patterns and dependencies in financial time series data. Stock market prediction and investment decision-making have always been important issues in financial management.Methods: Traditional statistical models often struggle to handle nonlinear relationships and complex temporal dependencies, thus necessitating the use of deep learning methods to improve prediction accuracy and decision effectiveness. This paper adopts a hybrid deep learning model incorporating CNN, BiLSTM, and attention mechanism. CNN can extract meaningful features from historical price or trading volume data, while BiLSTM can capture dependencies between past and future sequences. The attention mechanism allows the model to focus on the most relevant parts of the data. These methods are integrated to create a comprehensive stock market prediction model. We validate the effectiveness of the proposed methods through experiments on real stock market data. Compared to traditional models, the deep learning model utilizing CNN, BiLSTM, and attention mechanism demonstrates superior performance in stock market prediction and investment decision-making.Results and Discussion: Through ablation experiments on the dataset, our deep learning model achieves the best performance across all metrics. For example, the Mean Absolute Error (MAE) is 15.20, the Mean Absolute Percentage Error (MAPE) is 4.12%, the Root Mean Square Error (RMSE) is 2.13, and the Mean Squared Error (MSE) is 4.56. This indicates that these methods can predict stock market trends and price fluctuations more accurately, providing financial managers with more reliable decision guidance. This research holds significant implications for the field of financial management. It offers investors and financial institutions an innovative approach to better understand and predict stock market behavior, enabling them to make wiser investment decisions.

Analysis on Different Investment Styles of Mutual Fund Investors

ABSTRACT The research paper provides a comprehensive analysis of the diverse landscape of mutual fund investing, focusing on the various investment styles adopted by investors. It categorizes investors into four main styles - conservative, moderate, aggressive, and speculative - based on their risk tolerance, investment horizon, and market perceptions. Through the examination of historical data and case studies, the paper evaluates the performance of these styles in different market conditions and economic environments. Additionally, the research investigates the factors influencing investors' style selection, including demographic variables, past experiences, and psychological biases. It also explores the role of financial advisors and fund managers in guiding investors towards suitable styles and mitigating risks. Overall, this research contributes valuable insights to the field of mutual fund investing, benefiting both individual investors and financial professionals.

Role Of Expert Systems In Supporting Financial Efficiency From Perspective Of Financial Managers Within Industrial Organizations

Role Of Expert Systems In Supporting Financial Efficiency From Perspective Of Financial Managers Within Industrial Organizations

Does the Cash Conversion Cycle Affect Firm Profitability? Some Empirical Evidence from Listed Firms in North Macedonia

Abstract This study aims to investigate the potential relationship between the cash conversion cycle (CCC) and firm profitability for the period from 2011 to 2019. To do this, a fixed effects panel regression model is applied to a sample of firms listed on the Macedonian Stock Exchange. Firm profitability is measured by the return on assets (ROA) ratio, while the liability ratio, firm size, current ratio, acid test and liquidity ratio are used as control variables. Our main finding is a decreasing and convex relationship between cash conversion cycle and profitability. In terms of working capital management policy, this implies that firms with a shorter cash conversion cycle perform better than others, since financial managers repay suppliers and reduce investments in working capital.

Capital Structure, Corporate Governance and Profitability of Listed Industrial Goods Firms in Nigeria

Nowadays, industrial goods firms have experienced draught in debt financing due to the lending preference of financial institutions to firms in the oil and gas sector, corporate failures and financial scandals as well as the overstatements of accounts of some firms in and outside Nigeria blamed to be as a result of account improprieties and ineffective board of directors also Issues of the mixed outcome of previous researches; thus, necessitating and justifying the need for undergoing more investigations into the subject area. The objective of this study is to determine the overall effect of capital structure and corporate governance on profitability with the influence of firm size of the sampled industrial goods firms. The study used multiple regressions as a tool for analysis. The population of the study includes the thirteen (13) industrial goods firms listed by the Nigerian Stock Exchange as of 31st December 2022 out of which ten (10) are considered as sample size. The study employed panel data analysis by using random-effect estimation model as alternatively considered more appropriate. Secondary data explored from the annual reports and accounts of the sampled firms for the period of ten (10) years from 2013 to 2022 were analyzed. The results revealed that Leverage, board size and firm size are negatively significant at 1% level of significance. While board composition is positively significant at 5% level of significance to the profitability of the sampled firms. In view of the findings, it is recommended that the financial managers/ management of the industrial goods firms should have more independent directors of its board size to enhance proper control over the activities of the managers through which profit level would be increased. It is therefore recommended to conduct careful evaluation and take into consideration on leverage, board size and firm size that influence the profitability of their firms before making major business decisions as this will go a long way in improving their profitability.

Optimizing retail prosperity: Strategic working capital management and its impact on the global economy

This study explores the critical role of the retail sector in the global economy and the importance of working capital management within retail businesses. Recognizing retail’s influence beyond just income generation, the research examines its impact on economic stability, job creation, and national GDP, and how it links industries such as manufacturing and logistics. Employing a blended-methods approach, the study integrates quantitative analysis using AMOS software with qualitative insights from interviews with financial managers and retail experts. Key focus areas include cash flow management, market demand, and supplier relationship management in the context of working capital management. Findings highlight the necessity of effective working capital management in maintaining financial stability, optimizing shareholder wealth, and ensuring long-term business viability in the retail sector. Strategies for enhancing profitability, such as improving supplier relationships and adapting to market demands, are identified. This research contributes to understanding the economic impact of the retail sector and the intricacies of working capital management. It offers insights for policymakers, retail managers, and academics, emphasizing the need for supportive retail industry measures and effective financial management practices. The study fills a gap in literature and sets a foundation for future research in this critical area of economic studies and retail management.

Effect Of Budget Participation, Budget Goals and The Role Of Financial Management Management Regional To Local Government Performance (Case Study On Mamuju Regency Government)

This study aims to determine and describe the effect of budget participation and budget targets as well as the role of regional financial management management on the performance of the local government of Mamuju Regency. This research uses quantitative research methods with a survey research form. The population of this study was 32 SKPD questionnaires distributed to each of 3 leaders representing Management, and 1 employee staff (treasurer) in order to get 128 samples. The sampling method uses Purposive Sampling techniques, respondents in this study data testers are carried out using descriptive statistics, data quality tests, classical assumption tests, and hypothesis testing. The results of this study show that the variable of participation in the budget has a positive but not significant effect on the performance of local governments, while the variables of clarity of budget targets and the managerial role of financial managers have a positive and significant effect on the performance of the local government of Mamuju district.

STRATEGIC TIMING: ANALYZING MARKET TIMING STRATEGIES FOR NON-FINANCIAL COMPANIES' LEVERAGE

This study investigates the impact of market timing strategies on the leverage of non-financial companies. Market timing involves making financial decisions based on expectations of future market movements. Using a sample of non-financial firms, we examine how companies strategically time their debt issuance and repayment activities in response to market conditions. Our analysis considers factors such as interest rate fluctuations, market volatility, and economic cycles. We employ quantitative methods to assess the effectiveness of different market timing strategies in influencing firms' leverage levels. The findings shed light on the dynamics between market conditions and corporate leverage decisions, providing valuable insights for financial managers, investors, and policymakers.

Adoption of International Public Sector Accounting Standards and Quality of Financial Reporting in National Government Agricultural Sector Entities, Kenya

The general objective of this study was to determine the effect of the adoption of International Public Sector Accounting Standards on the quality of financial reporting in national government agricultural sector entities in Kenya. The study was guided by the following specific objectives: to assess the effect of adopting a standardized chart of accounts on the quality of financial reporting in national government agricultural sector entities in Kenya; to assess the effect of disclosure and valuation of assets and liabilities on the quality of financial reporting in national government agricultural sector entities in Kenya; to evaluate the effect of accounting policies, estimates, and errors on the quality of financial reporting in national government agricultural sector entities in Kenya; and to determine the effect of corporate governance reporting on the quality of financial reporting in national government agricultural sector entities in Kenya. The study adopted a cross-sectional survey research design. The target population consisted of 11 national government agricultural sector entities, which served as the unit of analysis. Within these entities, the unit of observation included finance managers, accountants, financial analysts, and internal auditors. Purposive sampling was employed to deliberately select 44 respondents. Four, representing 10% of the study sample, participated in a pilot test. Primary data was obtained utilizing a semi- structured questionnaire. The Statistical Package for Social Sciences (SPSS) version 25 software was used to analyze the data. Qualitative data was analyzed using content analysis and presented in prose form. Descriptive and inferential analysis techniques were employed for qualitative data analysis. Descriptive statistics such as frequency, percentages, and means were used. Pearson correlation coefficient was used for testing the strength and direction between the independent and the dependent variables. A multiple regression model was used to test the significance of the influence of the independent variables on the dependent variable.The findings were presented in Tables and figures. The regression analysis revealed significant positive relationships between adopting a standardized chart of accounts, disclosure and valuation of assets and liabilities, accounting policies, estimates, and errors, as well as corporate governance reporting, and the quality of financial reporting, with beta coefficients of 0.324, 0.235, 0.347, and 0.481, respectively. To enhance financial reporting quality in national government agricultural sector entities, recommendations entail implementing robust standardized chart of accounts, improving transparency in disclosing asset and liability information, establishing clear accounting policies and error management practices, and strengthening corporate governance reporting mechanisms.

OPPORTUNITIES AND BARRIERS TO LEADERSHIP FOR FEMALE FINANCE LEADERS IN THE UK

Despite legal and societal advancements that have increased the presence of women in the finance sector, the representation of women in finance director roles remains limited. In FTSE 100 companies, men still hold finance director positions at a rate seven times higher than women, a trend reflective of the broader industry. This qualitative inquiry delves into the factors contributing to the success factors and obstacles to leadership faced by female finance directors in the United Kingdom. By conducting interviews with accomplished female finance directors, the study aims to identify the factors that prevent and enable females to become leaders in the finance industry. Notably, this research identifies enduring social and cultural hurdles obstructing female progress, and how they can be supported as they progress their career. A significant finding emerges: many interviewed women endorse individuals who align with their assertive work values, which often align with masculine traits. Females have to conform to a working environment and practices, and this impacts negatively on their social life, job satisfaction and identity. Given the target-driven nature of finance, the prospect of a radical top-down transformation is generally seen as unlikely. Consequently, female leaders face limitations in their capacity to serve as "gatekeepers" for advancing the careers of fellow women. Recommendations include a departure from the performance-centric approach entrenched in finance.<p> </p><p><strong> Article visualizations:</strong></p><p><img src="/-counters-/soc/0387/a.php" alt="Hit counter" /></p>

The Influence of Current Ratio, Net Profit Margin, and Debt to Equity Ratio on Profit Changes in Technology Sector Companies

The study analyses the impact of Current Ratio, Net Profit Margin, and Debt to Equity Ratio on the change in profits on companies in the technology sector listed on the Indonesian Stock Exchange. (BEI). Annual financial data of a number of companies were taken for the last few years, namely 2020-2022, and analyzed using regression methods. The results show that Current Ratio and Net Profit Margin have a significant positive relationship to profit changes, suggesting that the company's ability to manage liquidity and operational efficiency contribute to profit performance. On the contrary, Debt to Equity Ratio shows an uninfluential and significant relationship, indicating that the corporate debt level can influence profit changes. The implications of these findings can help financial managers and investors to make more informed decisions in managing risk and improving corporate financial performance in Indonesian capital markets.

The Impact of The Computerized Accounting Information System in Reducing Financial Risks in Jordanian Commercial Banks

Purpose: The purpose of this study was to assess the impact of computerized accounting information systems (CAIS) on reducing financial risks within Jordanian commercial banks listed on the Amman Stock Exchange. This involved examining the components, characteristics, and benefits of CAIS in this context. Methods: The study employed a questionnaire-based approach to gather information, distributing 75 questionnaires among financial managers and internal auditors within Jordanian commercial banks. A total of 64 questionnaires were retrieved and analyzed to draw conclusions. Results and Discussion: The analysis revealed a significant impact of various variables related to computerized information systems in mitigating financial risks within the sampled banks. This finding underscores the importance of CAIS in enhancing risk management practices within the banking sector. Notably, the study highlights the necessity of corporate governance implementation and the preparation of specialized reports to enhance financial risk disclosure processes. Implications of the Research: The findings of this research have several implications for both academia and practice. Firstly, they emphasize the crucial role of CAIS in reducing financial risks within commercial banks. Secondly, they underscore the importance of implementing robust corporate governance mechanisms to strengthen risk management frameworks. Additionally, the study suggests the need for further research to explore the impact of accounting information systems on different types of risks and their consequent effects on financial performance. Originality/Value: This study contributes to the existing literature by providing insights into the specific context of Jordanian commercial banks and their utilization of CAIS for managing financial risks. By identifying the components, characteristics, and benefits of CAIS in this setting, the research adds valuable knowledge to the field of accounting and finance. Moreover, its recommendations for enhanced corporate governance practices and specialized reporting can inform practical strategies for risk management in banking institutions.

Navigating Ethics: Insights into External Auditor Compliance from Financial Managers and Internal Auditors in Jordanian Companies

This study aims to assess to what extent Jordanian external auditors comply with the Code of Ethics for Professional Accountants, as perceived by financial managers and internal auditors. The hypotheses are tested using one sample and an independent sample t-test for a sample of 53 industrial public shareholding companies listed on the Amman stock exchange during 2020–2023. The study utilized the survey instruments to collect the necessary data from 200 participants. The findings show that the external auditor complies with the code of professional ethics at a high to moderate level per the Relative Important Index from the viewpoint of both financial managers and internal auditors. Moreover, the outcomes also show there are no significant variances between their beliefs regarding the adherence of external auditors to the code of ethics. The study consequences indicate that the enacted regulations that organize the work of the auditors can effectively enhance the compliance of Jordanian auditors with the code of professional ethics. Nevertheless, it emphasized the need for more shared efforts for more compliance with professional ethics in the auditing profession. The study suggests Many recommendations to enhance auditors’ compliance such as continuous oversight of auditor compliance from the Jordanian Association of Certified Public Accountants, ethical awareness, research and development in the area of ethics, and training programs to explain ethical complexities. This study assures the importance of enhancing ethical compliance in the auditing profession in an emerging country to increase public trust, attract investment, and improve financial statements integrity.

The Beneish M-Score Model in Detecting Fraudulent Financial Reporting: The Hexagon Perspective Theory

This research aims to investigate the effect of fraud on fraudulent financial reports (FFR) using the hexagon theory. The seven factors were financial stability, external pressure, ineffective monitoring, auditor changes, director changes, arrogance, and collusion. This study has a population of health companies listed on the IDX in 2018-2021. This study uses a quantitative approach. Based on the logistic regression analysis, the study finds that financial stability, change director, and arrogance affect FFR. On the other hand, external pressure, ineffective monitoring, auditor change, and collusion do not affect FFR. Keywords:Fraudulent financial reporting, Hexagon theory, Beneish M-Score