 Financial controls and firms' performance in the manufacturing sector in NigeriaO.L. Kuye and A.A. Sulaimon International Journal of Business Excellence, 2012, vol. 5, issue 1/2, 155-167 Abstract: This study investigates the relationship between financial controls and firms' performance in the manufacturing sector in Nigeria. Data were generated by means of questionnaires to 670 manufacturing firms on financial controls and performance variables. Responses from the survey were statistically analysed using descriptive statistics, product moment correlation, regression analysis and Z-test (approximated with the independent samples t-test). The results of the study indicate a statistically significant relationship between financial controls and firms' performance as well as reveal a significant difference between the performance of firms whose financial controls are deep and the performance of firms whose financial controls are shallow. The implications of this study include the need for manufacturing firms to demonstrate high level of commitment to financial controls for increased performance. Keywords: financial controls; firm performance; manufacturing industry; Nigeria; performance variables; descriptive statistics; product moment correlation; regression analysis; Z-test; independent samples t-test; deep control; shallow control; increased performance; global markets; business excellence. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ids:ijbexc:v:5:y:2012:i:1/2:p:155-167 Access Statistics for this article More articles in International Journal of Business Excellence from Inderscience Enterprises Ltd |
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