Open AccessThe Impact of Cost Leadership Strategy and Financial Management Control Systems on Organizational Performance in Pakistan’s Services Sector
Author(s) -
Ahmed Imran Hunjra,
Farida Faisal,
Faiza Gulshion
Publication year - 2017
Publication title -
lahore journal of business
Language(s) - English
Resource type - Journals
ISSN - 2223-0025
DOI - 10.35536/ljb.2017.v6.i1.a1
Subject(s) - business , financial management , cost leadership , sample (material) , finance , financial services , control (management) , stock exchange , financial sector , accounting , economics , marketing , management , competitive advantage , chromatography , chemistry
This study gauges the impact of cost leadership strategy and financial management controls on financial performance of firms in Pakistan’s services sector. Drawing on a sample of banking, insurance and investment firms listed on the Karachi Stock Exchange, we find that cost leadership strategy and financial management control systems have a significant and positive impact on financial performance. This implies that both factors should be aligned in the long term.
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