AN EMPIRICAL STUDY ON THE IMPACT OF MANAGERIAL DECISION-MAKING ON FINANCIAL PERFORMANCE OF BUSINESS ORGANIZATIONS
DOI:
https://doi.org/10.29121/granthaalayah.v7.i10.2019.6573Keywords:
Finance, Decision-Making, Function, Business, PerformanceAbstract [English]
Making decisions as a manager is very important for the financial health and long-term survival of a corporation. In a business world that is getting more competitive and changing all the time, the quality of the decisions that managers make has an effect on profitability, efficiency, growth, and shareholder value. This paper offers a theoretical analysis bolstered by empirical evidence regarding the correlation between managerial decision-making and financial performance. The research underscores essential decision-making dimensions—strategic, operational, and financial—by analyzing current literature and integrating data from empirical studies, while evaluating their influence on financial outcomes, including return on assets, return on equity, and revenue growth. The study finds that good decision-making by managers greatly improves financial performance and has important lessons for managers and policymakers.
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Copyright (c) 2019 Dr. Preeti Maheshwari
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