Parikalpana: KIIT Journal of Management
  • Year: 2017
  • Volume: 13
  • Issue: 2

Impact of organizational factors on financial performance

1Lecturer, Department of Commerce, B.B. Autonomous Mahavidyalaya, Jajpur, Odisha, chandrika.das9@mail.com

2Assistant Professor, P.G. Dept. of Commerce, Utkal University, Bhubaneswar, Odisha, rabindraswain2@gmail.com

Online published on 28 February, 2020.

Abstract

The corporate sectors are facing many challenges and cut throat competition in the era of globalization. So, in order to sustain in the long run financial performance is the appropriate yard stick through which sustainability can be measured. Financial performance is a comprehensive term and cannot be convincingly encapsulated in a few lines without compromising with its vastness. But it is an important phenomenon that conveys the financial health of a company. Hence, financial performance is the barometer of the operation of business organization. Our study is an attempt to study the important organizational factors to examine the extent of impact of independent variables on dependent variables. For the purpose of study a sample of 192 companies are selected which are studied for the period of ten years by applying multiple regression model. The outcome of the study is that organizational factors are significantly contributing towards financial performance of corporate.

Keywords

Cut throat competition, Globalization, Financial Performance