Financial management practices on financial performance

This study sought to examine the effect of financial management practices on financial performance of insurance companies in Bangladesh. Financial management is one of the several functional areas of management but it is the center to the success of any business. Inefficient financial management, combined with the uncertainty of the business environment often led business enterprises to serious problems. Careless financial management practices are the main cause of failure for business enterprises. This study used only primary data. Data collection tools used are questionnaires. The primary data was collected using semi-structured questionnaire which comprised of both open and closed ended questions. The sample size was 52; and that was selected byusing Sloven's formula. Validity is the quality of the test doing what is designed to do. The formula that has been used to calculate the validity of the instrument is: Content Validity Index (CVI) = No. of items declared valid/Total No. of items. Reliability of the instrument will be established through a test-retest technique.