Business Strategies on Financial Performance of Selected Companies in Putland, Somalia

Abdullahi, Faisal Abdirahman (2022) Business Strategies on Financial Performance of Selected Companies in Putland, Somalia. Doctoral thesis, Asia e University.

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Abstract

Companies in Puntland have adopted business strategies, but despite the use of these strategies, the performance of these companies still remains poor. The selection of business strategies has been adversely mentioned as fundamental operational factor that has led to business collapse. The purpose of this study was to assess the effect of business strategies on financial performance of Companies in Puntland. The objectives of the study were: to find out effect of expansionary strategies on financial performance of Companies in Puntland, to determine the effect of diversification strategies on financial performance of Companies in Puntland, to find out to what extent replacement strategies affect financial performance of Companies in Puntland, to examine the effects of mutually exclusive investment strategies on financial performance of Companies in Puntland, to examine the effect of independent investment strategies on financial performance of Companies in Puntland and to determine the moderating effect of corporate tax on relationship between business strategies and financial performance of Companies in Puntland. The study adopted both descriptive and explanatory research designs. The target population of the study was 265 heads of five departments in 53 companies in Puntland. This study used stratified random sampling technique to select sample size of 160 respondents which the researcher determined using Slovin's Formula. Primary data was collected using a five Likert scale questionnaire. Descriptive statistics such as frequency distribution, standard deviation and mean were used to analyse quantitative data. Inferencial statistics such as correlation analysis, simple and multiple regression models were also applied. The findings were presented in tables and figures. The study found that expansionary strategies, diversification business strategies, replacement business strategies, mutually exclusive business strategies had a positive and statistically significant effect on financial performance of companies in in Puntland. Further, the study revealed that corporate tax had statistically significant moderating effect on the relationship between business strategies and Companies’ financial performance in Puntland. The study recommended that the government of the state of Puntland should reduce taxes so that the management of different companies in Puntland can improve their financial performance.

Item Type:	Thesis (Doctoral)
Divisions:	School of Graduate Studies
Depositing User:	Muhamad Aizat Nazmi Mohd Nor Hamin
Date Deposited:	06 Dec 2022 04:30
Last Modified:	06 Dec 2022 04:30
URI:	http://ur.aeu.edu.my/id/eprint/1020

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