Financial literacy and its role in achieving strategic Financial managment

بحث تحليلي لأراء عينة من المديرين ورؤساء الاقسام في مصارف التجارية الخاصة في محافظات (بغداد، كربلاء المقدسة، بابل)

Authors

  • Ameer Towfeeq Abdul Ameer Economics and Administration College - Karbala University
  • Ali Ahmed Fares Economics and Administration College - Karbala University

Keywords:

financial literacy, strategic financial management.

Abstract

    In view of the great development taking place in the world today with regard to strategies and ways that increase competition intensity, financial institutions have realized the importance of these strategies and their role in achieving the objectives of competitive banks. Baghdad, Holy Karbala, Babylon) as well as learning about financial literacy and what is the relationship between strategic financial management and financial literacy.To achieve the foregoing, the researcher took a regular sample of (120), which included managers and heads of people in private banks, the research sample, which are (Bank of Baghdad, Khaleeji Commercial Bank, National Bank of Iraq, Investment Bank of Iraq, Credit Bank of Iraq, United Investment Bank, Middle East Bank of Iraq The researcher adopted the questionnaire as a tool for collecting data after verifying its validity and stability, and the SPSS and AMOS programs were used to extract digital indicators for the purpose of analyzing and interpreting them statistically. As for the most important conclusions reached by the researcher in his research, there is a positive correlation with statistical significance between strategic financial management and financial literacy in the research sample banks.

Author Biographies

Ameer Towfeeq Abdul Ameer, Economics and Administration College - Karbala University

باحث

قسم ادارة الاعمال

Ali Ahmed Fares , Economics and Administration College - Karbala University

استاذ مساعد دكتور 

قسم ادارة الاعمال

التخصص الدقيق - ادارة مالية 

References

إيمان عبد المطلب حسن المولى. (2018) "أهمية المعرفة المالية في اتخاذ قرارات الاستثمار في أسواق الأوراق المالية العربية" مجلة تكريت للإدارة والعلوم الاقتصادية، العدد 14 (43).

بن موسى ، محمد (2018) "أثر المعرفة ومحو الأمية المالية على مستوى الشمول المالي في العالم خلال عام 2017"، مجلة الإستراتيجية والتنمية، المجلد 3، العدد 8.

- Abdulrahman، A. T. (2017). “The role of the dimensions of financial knowledge in achieving banking leadership An exploratory study of the opinions of the managers of a sample of private banks in Erbil” Academic Journal of Nawroz University، 6(4)، 178-197.‏

- Akakpo, A. A. (2020). “Financial Literacy، Financial Inclusion and Stock Market Participation in Ghana”، Doctoral dissertation، University of Ghana.‏

- Anderson، S. W. (2006). "Managing costs and cost structure throughout the value chain: research on strategic cost management". Handbooks of Management Accounting Research، 2، 481-506.‏

- Anoos، J.، Ferrater-Gimena، J. A. O.، Etcuban، J. O.، Dinauanao، A. M.، Macugay، P. J. D.، & Velita، L. V. (2020). "Financial Management of Micro، Small، and Medium Enterprises in Cebu، Philippines" International Journal of Small Business and Entrepreneurship Research

- Atkinson، A.، & Messy، F. A. (2012). “Measuring financial literacy: Results of the OECD/International Network on Financial Education (INFE) pilot study”

- Bayrakdaroğlu، A.، & Şan، F. B. (2014). "Financial literacy training as a strategic management tool among small–medium sized businesses operating in Turkey" Procedia-Social and Behavioral Sciences، 150، 148-155.‏

- Contuk، F. Y. (2018). “Üniversite öğrencilerinin finansal okuryazarlık durumunu etkileyen faktörler üzerine bir araştırma: Muğla Sıtkı Koçman Üniversitesi örneği” Muhasebe ve Finansman Dergisi، (77)، 115-136.‏

- Cude B.، Lawrence، F.، Lyons، A.، Metzger، K.، LeJeune، E.، Marks، L.، & Machtmes، K. (2006). “College students and financial literacy: What they know and what we need to learn” Proceedings of the Eastern Family Economics and Resource Management Association، 102(9)، 106-109.‏

- Delkhosh، M.، & Mousavi، H. (2016). "Strategic financial management review on the financial success of an organization". Mediterranean Journal of Social Sciences، 7(2 S2)، 30.

- Gibson، J.، Mckenzie، D.، & Zia، B. (2014). “The impact of financial literacy training for migrants” The World Bank Economic Review، 28(1)، 130-161.‏

- Hill، R. A. (2014). "Strategic financial management".1 st edition book boon. The a book company.

- Ibrahim، M. E.، & Alqaydi، F. R. (2013). “Financial literacy، personal financial attitude، and forms of personal debt among residents of the UAE” International Journal of Economics and Finance، 5(7)، 126-138.

- Karadag، H. (2015). "Financial management challenges in small and medium-sized enterprises: A strategic management approach". EMAJ: Emerging Markets Journal، 5(1)، 26-40.

- Kavuma، P.، Turyakira، P.، Bills، C.، & Kalanzi، J. (2020). "Analysis of Financial Management in public Emergency Medical Services sector: Case study of the Department of Emergency Medical Services، Uganda". African Journal of Emergency Medicine، 10، S85-S89.‏

- Kishan، K.، & Alfan، E. (2018). “Financial statement literacy of individual investors in China” International Journal of China Studies، 9(1)، 3-28.‏

- Klapper، L. F.، Lusardi، A.، & Panos، G. A. (2012). “Financial literacy and the financial crisis” National Bureau of Economic Research.‏ No. w17930.

- Liu، Z. (2010). "Strategic financial management in small and medium-sized enterprises" International Journal of Business and Management، 5(2)، 132.‏

- Lusardi, A.، & Mitchell، O. S. (2011). “Financial literacy around the world: an overview” Journal of pension economics & finance، 10(4)، 497-508.‏

- Malyshenko، V. A. (2016). "A model of system and strategic financial analysis of the Crimean health resorts". Ekonomika Regiona، (2)، 510.

- Mien، N. T. N.، & Thao، T. P. (2015، July). “Factors affecting personal financial management behaviors: Evidence from Vietnam. In Proceedings of the Second Asia-Pacific Conference on Global Business، Economics” Finance and Social Sciences، AP15Vietnam Conference.

- Remund، D. L. (2010). "Financial literacy explicated: The case for a clearer definition in an increasingly complex economy" Journal of consumer affairs، 44(2)، 276-295.‏

- Robb، C. A. (2014). “The Personal Financial Knowledge Conundrum” Journal of Financial Service Professionals، 68(4).‏

- Zait، A.، & Bertea، P. E. (2015). “Financial literacy–Conceptual definition and proposed approach for a measurement instrument” the Journal Of accounting and management، 4(3).‏

مخطط البحث الافتراضي

Published

2024-06-11

How to Cite

امير توفيق عبد الأمير, & علي أحمد فارس. (2024). Financial literacy and its role in achieving strategic Financial managment: بحث تحليلي لأراء عينة من المديرين ورؤساء الاقسام في مصارف التجارية الخاصة في محافظات (بغداد، كربلاء المقدسة، بابل). Iraqi Journal for Administrative Sciences, 19(75), 165–189. Retrieved from https://mail.journals.uokerbala.edu.iq/index.php/ijas/article/view/1854