Does Strategic Planning & Planning Resources Influence the Performance of Financial Institutions? Roles of Managerial Involvement and Institutional Capability
{"title":"Does Strategic Planning & Planning Resources Influence the Performance of Financial Institutions? Roles of Managerial Involvement and Institutional Capability","authors":"Meseret Ebabu Ejigu","doi":"10.1177/09721509231169358","DOIUrl":null,"url":null,"abstract":"This article examines how does strategic planning & planning resources influence the performance of financial institutions in Ethiopia? Besides this, the study investigates the mediating role of institutional capability & moderating role of managerial involvement. The study used cross-sectional research that relied on survey. This study employs Hierarchical Linear Model (HLM) and MLMED for mediation hypothesis. These data consisted of 142 managers from 35 different financial institutions. This study expands the knowledge edge in the field of strategic management through the discovery that strategic planning affects the performance of financial institutions directly, and indirectly through the mediation of institutional capability and managerial involvement has moderating role on the relationship between strategic planning & financial performance, which has a positive and significant effect. The results of this study have guidance for managers how to configure strategic planning & planning resources to obtain competitive advantage through institutional capability to enhance the performance of financial institutions. Implications of the findings are explained with theoretical contribution; recommendations and future research are discussed.","PeriodicalId":47569,"journal":{"name":"Global Business Review","volume":"123 15","pages":""},"PeriodicalIF":2.3000,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Global Business Review","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1177/09721509231169358","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"BUSINESS","Score":null,"Total":0}
引用次数: 0
Abstract
This article examines how does strategic planning & planning resources influence the performance of financial institutions in Ethiopia? Besides this, the study investigates the mediating role of institutional capability & moderating role of managerial involvement. The study used cross-sectional research that relied on survey. This study employs Hierarchical Linear Model (HLM) and MLMED for mediation hypothesis. These data consisted of 142 managers from 35 different financial institutions. This study expands the knowledge edge in the field of strategic management through the discovery that strategic planning affects the performance of financial institutions directly, and indirectly through the mediation of institutional capability and managerial involvement has moderating role on the relationship between strategic planning & financial performance, which has a positive and significant effect. The results of this study have guidance for managers how to configure strategic planning & planning resources to obtain competitive advantage through institutional capability to enhance the performance of financial institutions. Implications of the findings are explained with theoretical contribution; recommendations and future research are discussed.
期刊介绍:
Global Business Review is designed to be a forum for the wider dissemination of current management and business practice and research drawn from around the globe but with an emphasis on Asian and Indian perspectives. An important feature is its cross-cultural and comparative approach. Multidisciplinary in nature and with a strong practical orientation, this refereed journal publishes surveys relating to and report significant developments in management practice drawn from business/commerce, the public and the private sector, and non-profit organisations. The journal also publishes articles which provide practical insights on doing business in India/Asia from local and global and macro and micro perspectives.