Abstract: THE ROLE OF FINANCIAL MANAGEMENT IN CRISIS MANAGEMENT
This study investigates the role of financial management in crisis management. Objectives include evaluating the effectiveness of financial strategies during crises, identifying key financial management practices that enhance crisis resilience, and assessing the impact of financial management on crisis recovery. A survey research design is used to collect data from financial managers in various industries. Using Taro Yamane's formula, a sample size of 300 firms in Lagos, Nigeria, was chosen. The reliability coefficient score of the survey instrument is 0.87. Findings indicate that proactive financial management practices, such as maintaining liquidity reserves and robust risk management frameworks, significantly enhance organizational resilience during crises. Recommendations include adopting comprehensive financial crisis management plans and continuous financial monitoring to mitigate crisis impacts.
BACKGROUND OF THE STUDY
The desire to build a civilized country with a strong and...
ABSTRACT: Early childhood education (ECE) plays a vital role in shaping et...
Background to the Study
The purpose of education is to develop knowledge, skills and character of students. Thus educati...
ABSTRACT
The recent wave of corporate failures had been linked with corporate governance deficiencies in relation to fa...
ABSTRACT
This study was carried out to examine the influence of government ownership on political...
ABSTRACT
Many countries worldwide including Nigeria use different parts of Waltheria indica (leaves, stem-barks, roots and whole plants)...
ABSTRACT: This study investigates the role of early childhood education in fostering diplomacy among young children. The objectives are to eva...
BACKGROUND OF THE STUDY
Tenses refer to the form of a verb...
ABSTRACT
International trade and other economic activities between nationalities have greatly expanded...
Abstract
Few studies have considered the relative role of the integrated marketing mix (advertising, price promotion, p...