2018 Volume 3 Issue 2 Supplementary
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CONSIDERING EFFECTIVE FACTORS ON FINANCIAL MANAGEMENT EFFECTIVENESS BY FOCUSING ON ORGANIC INDICES IN ORGANIZATION


Sahar SORKHVANDI1, Anahita FARAJI2*
Abstract

Focusing on maximizing value as an indisputable element has emerged in this century and effective leaders are the most basic and the most extinct resources of each organization. The present study aims at evaluating effective factors on financial management effectiveness by focusing on organic indices in organization in Iranian Knowledge-Based Companies. Prior studies have considered the effect of effective factors in financial management effectiveness sporadically. In this study, while evaluating the Integrated Planning, Budgeting and Monitoring System (IPBMS) principles, and managers’ characteristics, mediating role of managers’ empowerment in effectiveness of these factors and effectiveness of financial management have been evaluated comprehensively that have innovation in this regard. This study has been conducted in a sample of 148 Knowledge-Based Companies in Iran. The applied research method in this study has been a descriptive method and from correlation-structural equation modeling. Findings of the research indicate that IPBMS and management authorization terms have a positive and significant relationship on effectiveness of financial management and managers’ empowerment which the findings of the research indicate IPBMS and managers' characteristics have positive and significant effect on managers’ empowerment and financial management effectiveness, the mediator variable has a positive and significant effect on these factors and on financial management effectiveness. According to official statement on not implementing management effectiveness and expressing management challenges based on custodians in this field, better results in the field of management effectiveness of these companies are expected after implementing the applied indices in this study.


Issue 2 Volume 11 - 2026