Date of Award
Doctor of Business Administration (DBA)
Financial profile mirrors the performance of a company regarding its competitive market abilities, sustainability and capacity. Thus, it is a crucial matter for a firm to seek appropriate financial strategies to furnish a positive influence on boosting the target outcomes of its entire business performance. This study investigates how the adopted financial strategies are associated with short/mid/long-term performance of the UAE Public Joint Stock Companies (PJSCs) that work in ten different business and industrial sectors, The quarterly based ten-year (2006-2015) Panel Data Set of the 92 PJSCs has been used in measuring the performance of each PJSC. Consequently, the researcher extracted eleven variables from the refereed finance literature to be viewed in this study as financial strategy-related factors; four out of them could be tested for the first time. These variables went into two themes, these are: i) six variables as a proxy for capital structure, and ii) five variables as a proxy for cash flow management. These variables were subject to further investigation for determining which of them have a direct influence on the financial and market performance of the PJSCs. We combined four measures of financial performance with two measures of market performance as influential variables to measure the success of the PJSCs regarding their financial performance. The model of panel data analysis was performed to make sure that the desirable statistical assumptions are fulfilled correctly, whereas the estimations were determined by using the Generalized Method of Moments (GMM) as an estimation technique by the econometric software package EViews. Both, the analysis of the dataset, and validity of the influential variables have defined a mix of appropriate dynamic financial strategies for the PJSCs to be stable in averting unfavorable different economic conditions. This dissertation argues that establishing a mutual relationship between the financial strategy of a PJSC and its market performance would be leading it to be successful. Thus, the findings confirmed the Primary assumption of this dissertation that states “Different financial strategies under different economic conditions would be leading to different results (performance)”. From a professional viewpoint, this dissertation represents a reliable reference source for the financial management practitioners.
Ahmed Alawadhi, Abdulla Mohammed, "On Identifying Successful Financial Strategies for the Listed Companies in the United Arab Emirates: An Empirical Approach" (2018). Business Administration Dissertations. 20.