STRATEGIC MANAGEMENT PRACTICE AND THE FINANCIAL PERFORMANCE Of LISTED CONGLOMERATE FIRMS IN
Abstract
This study examines the relationship between strategic management practices and the financial performance of listed conglomerate firms in Nigeria. The research was guided by three objectives, each accompanied by corresponding research questions and hypotheses. Employing a descriptive survey design alongside an ex-post facto approach, data from 2015 to 2024 were analyzed to assess how strategic management practices influence financial performance. Independent variables included the percentage of total budget allocated to strategic projects, the frequency of performance review meetings, and the cost of resources devoted to strategic initiatives. Return on Assets served as the dependent variable, while Firm Size and Return on Equity were incorporated as control variables. The results indicate that strategic management practices significantly impact financial performance, though the effects vary depending on implementation context. Specifically, short-term increases in strategic resource expenditure and firm size positively affect Return on Assets, whereas sustained high budget allocations, frequent performance reviews, and elevated project costs are associated with lower asset-based financial performance. Based on these findings, it is recommended that firms ensure budget allocations to strategic projects are supported by effective execution plans and monitoring systems. Additionally, focused, goal-oriented review processes that deliver actionable insights without overburdening management are advised.
This article is available as a PDF download
Published in JOURNAL OF ACCOUNTING, FINANCE & MANAGEMENT DISCOVERY WUKARI
ISSN: 2714-2574
This article appears in our peer-reviewed academic journal
View JournalRelated Articles
Explore similar research in our collection
SUSTAINABILITY REPORTING AND FINANCIAL PERFORMANCE OF LISTED CONSUMER GOODS COMPANIES IN NIGERIA
UCHE-OGBONNAYA NNENNA CORDELIA, VICTOR IKECHUKWU OKAFOR, EMMANUEL CHUKWUMA EBE
Jun 15, 2026
This study investigates the effect of sustainability reporting on the financial performance of liste...
View ArticleCONTEMPORARY REFORM IN TAX ADMINISTRATION: ENHANCING COMPLIANCE THROUGH TECHNOLOGY
OSUEBI KENNETH TASIE, Ph.D, FRANKLINE C.S.A OKEKE, GLORIA OLUCHUKWU OKEKE, MOH AGUS NUGROHO, OYEWOLE OLUBUKOLA SARAH
Mar 3, 2026
Tax administration systems across the globe are undergoing fundamental structural transformation dri...
View ArticleEXPLORING MONETARY POLICY TOOLS AND DOMESTIC PRICE DYNAMICS IN NIGERIA: AN AUTO-REGRESSIVE DISTRIBUTIVE LAG APPROACH
EBIKEISEYE PATIMI, Ph.D, ELIZABETH C. WOSOWEI, Ph.D
Mar 3, 2026
This study investigates the impact of monetary policy tools on domestic price dynamics in Nigeria fr...
View Article