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Cited by 47Working Capital and Financial PerformanceFinancial Literacy and BehaviorBusiness, Education, Mathematics Research

The DOI matches its Crossref record; 23 of the 26 references it cites were found in a registry or an index.

Impact of Financial Management Practices on SMEs Profitability with Moderating Role of Agency Cost

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Muneer, Saqib, Ahmad, Rao Abrar, Ali, Azhar·2017·Information Management and Business Review
DOI 10.22610/imbr.v9i1.1593
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Abstract

The importance of Small and medium enterprises (SMEs) towards economic development and growth is considerable. Some SMEs are facing difficulties to their development due to the lack of financial resources and management experience. The objective of this study is to check the relationships of financial management practices on profitability of small and medium enterprises and also to check the impact of agency cost on this relationship. This study consists of data analysis of two hundred SMEs from Faisalabad Pakistan. The study used primary data predominantly. SPSS 23 is used for descriptive analysis and Structural Equation Model (SEM) through Partial Least Square (PLS) 3 for hypothesis testing. The findings of this study indicate the presence of positive relationship between financial management practices and SMEs profitability but agency cost as a moderator has no effect on this relationship. The study strongly recommends higher adherence to financial management practices. Policy makers, developments partners, owners, and managers of SMEs may use these findings for sustainability of their business in Pakistan.

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Crossref · 10.22610/imbr.v9i1.1593

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Figure 1 Theoretical Frame Work:
Figure 1 Theoretical Frame Work:CC-BY · From the PDF
Note: Q1: Accounting information system (AIS), Q2: Financial information system (FIS), Q3: Working capital management (WCM), Q4: Agency cost, Q5 Firm performance
Note: Q1: Accounting information system (AIS), Q2: Financial information system (FIS), Q3: Working capital management (WCM), Q4: Agency cost, Q5 Firm performanceCC-BY · From the PDF
Figure 3 Predictive Relevance of Structure
Figure 3 Predictive Relevance of StructureCC-BY · From the PDF

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Citations

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Show all 26 references

Research works printed but not linked: 5

  1. Al-Disi, E. O. (2010). Developmental role for Waqf to support entrepreneurship and small and medium enterprises. Dubai International conference for Awqaf.
  2. Ekanayake, A., Perera, H. & Perera, S. (2010). Contextual relativity of the role of accounting in corporate governance: evidence from the banking industry in Sri Lanka the Sixth Asia Pacific Interdisciplinary Research in Accounting Conference, Sydney, pp. 1-27
  3. International Labor Organization. (2013). Is small still beautiful? Available at: Accessed on 12 December 2015. Problems and Perspectives in Management, 14(2), 2016
  4. Muneer, S., Rehman, S. U. & Butt, B. Z. (2013). Dividend Signaling Power on Organizations' Future Earnings: A Brief Review of Dividend Theories. Actual Problems of Economics, 3(141), 380-387
  5. Muneer, S., Bajuri, N. H. & Rehman, S. U. (2013). Moderating Effect of Agency Cost on the Relationship between Capital Structure, Dividend Policy and Organization Performance: A Brief Literature Review. Actual Problems of Economics, 11(149), 434-442.

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Metadata

Authors
Muneer, S., Ahmad, R. A., & Ali, A.
Affiliations
Government College University, Faisalabad (PK)
ORCID
Venue
Information Management and Business Review
Publisher
AMH International Conferences and Seminars Organizing LLC
Published
2017-04-07
Volume
9
Issue
1
Pages
23-30
ISSN
2220-3796 (ISSN-L)
DOI
10.22610/imbr.v9i1.1593
OpenAlex
W2604968151
Cited by
40
References
26
Citations by year
2026: 1 · 2025: 2 · 2024: 5 · 2023: 13 · 2022: 8 · 2021: 4 · 2020: 2 · 2019: 1 · 2018: 3 · 2017: 1
FWCI
6.20
Type
journal article
Language
en
Open access
Licence
Locations
  • Information Management and Business Review (publishedVersion, cc-by)
  • RePEc: Research Papers in Economics (submittedVersion)
Topics
  • Social Sciences › Business, Management and Accounting › Accounting › Working Capital and Financial Performance
  • Social Sciences › Business, Management and Accounting › Accounting › Financial Literacy and Behavior
  • Social Sciences › Business, Management and Accounting › Accounting › Business, Education, Mathematics Research
Keywords
financial management practices, small and medium-sized enterprises, profitability, agency costs, moderating effect, SME financial management, Faisalabad

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