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FINANCIAL PLANNING AND DECISION MAKING AS PREDICTORS OF FINANCIAL PERFORMANCE IN MSMES.

Authors :
Dolores Ruiz, Erika
Salazar Gómez, Julio Fernando
Valdivia Rivera, María de Jesús
Source :
International Journal of Professional Business Review (JPBReview); 2024, Vol. 9 Issue 3, p1-13, 13p
Publication Year :
2024

Abstract

This article discusses the relationship between financial planning, decision-making, and financial performance in micro, small, and medium enterprises (MSMEs). The study found that MSMEs with more experience and knowledge of financial planning were more likely to make efficient financial decisions and achieve better financial performance. The findings suggest that financial planning is important for MSMEs and can lead to improved financial performance. Additionally, a list of academic articles and research papers related to financial planning and decision-making in SMEs is provided, offering further insights and recommendations for improving financial performance in these businesses. [Extracted from the article]

Details

Language :
English
ISSN :
25253654
Volume :
9
Issue :
3
Database :
Complementary Index
Journal :
International Journal of Professional Business Review (JPBReview)
Publication Type :
Academic Journal
Accession number :
176980412
Full Text :
https://doi.org/10.26668/businessreview/2024.v9i3.4431