Financial management practices and budget performance of public companies. A case of ZINARA

Author

Madhani, Simbarashe

Title

Financial management practices and budget performance of public companies. A case of ZINARA

Abstract

Using the ZINARA as a case study, the research sought to assess financial management practices and budget practices incorporated by the company. The goal of the study was to investigate the relationship between financial management practices and budget performance in a public company, using the Zimbabwe National Road Administration (ZINARA). A descriptive research survey was used, with data acquired using both quantitative and qualitative methods. Questionnaires and interviews were carried out to a sample of 25 employees of ZINARA. SPSS and summative content analysis were used to analyse the data. The findings revealed a statistically significant positive correlation, indicating that stronger financial management practices are associated with improved budget performance for ZINARA. These results suggest that ZINARA's focus on effective financial management contributes directly to its budgetary success.

Date

June 2024

Publisher

BUSE

Keywords

Financial management practices

Budget performance

Public companies

Supervisor

N/A