The Effect of Cash Management on Financial Performance of Public Entities in Tanzania: The Case of Tanzania Postal Corporation
Index Terms (Key Words): Cash, Cash Management, Financial Performance, Public Entities
Abstract:
The purpose of this study was to examine and establish the effect of cash management on the public sector financial performance in Tanzania using Tanzania Posts Corporation (TPC) as the case study. Specifically, the study intended to (i) analyze the effects of cash management on financial performance of Tanzania Posts Corporation and (ii) establish the relationship between cash management and public sector financial performance in Tanzania. The study adopted a mixed research method with the use of both quantitative and qualitative approaches. Explanatory survey research design was used and a sample of 200 respondents was selected from among TPC employees who included financial management officers (Accounting and Finance Staff) and Corporation Executives at the Headquarters, Zones and Branches (out of the population of 400 targeted respondents) of which 194 respondents’ questionnaires were complete and used in the analysis. The selection followed both a stratified and random sampling methods and by the use of Slovenes formula in arriving at the sample size. Questionnaire and interviews were used to collect primary data while secondary information was collected using documentary review, and the quantitative analysis was undertaken using SPSS Version 22 tool. Findings revealed that cash management affected the financial performance of TPC. Furthermore, findings revealed a positive and significant relationship between cash management which is an important element of working capital management and the public sector financial performance. This study concludes that cash management had more positive effects on the financial performance of TPC and, thus, requires appropriate management. The study also concludes that there is a positive and significant relationship between cash management and public sector financial performance. The study recommends that the management of TPC should strengthen the aspect of appropriate cash management techniques and the Internal Control System (ICS) of the entity so as to keep the entity intact and achieve positive financial performance.
"The Effect of Cash Management on Financial Performance of Public Entities in Tanzania: The Case of Tanzania Postal Corporation", IJNRD - INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT (www.IJNRD.org), ISSN:2456-4184, Vol.8, Issue 3, page no.a399-a412, March-2023, Available :https://ijnrd.org/papers/IJNRD2303040.pdf
Volume 8
Issue 3,
March-2023
Pages : a399-a412
Paper Reg. ID: IJNRD_187024
Published Paper Id: IJNRD2303040
Downloads: 000118844
Research Area: Management
Country: Dar es Salaam/Ilala, Dar es Salaam, Tanzania, United Republic of
ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Publisher: IJNRD (IJ Publication) Janvi Wave
