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ABSTRACT
This study aimed to assess the relationship between financial performance and efficient use of financial resources as the main premise and explain the relationship between the financial unit's efficiency and efficient use of financial resources. Also, explaining the relationship between strategic and financial management efficient of financial resources. This study is trying to investigate the relationship between compliance of the financial unit of the major strategies and efficient use of financial resources and performing the appropriate duties. The sample size included 155 employees of government agencies, which is equivalent to 64.5% of the 100 patients were male and 55 were female equivalent to 35.5. The number of samples was determined using Morgan table. Cronbach's alpha for the total scale ranged from 0.45 to 0.95 in the present case and Spearman Brown coefficient ranged from 0.25 to 0.85 for the scale is present in the sample. According to a desirable feature for performance measurement and other factors and research variables this tool can be safely used to assess efficiency financial resources as well as efficient management of financial resources.
JEL Classification: G32; L25; P17.
Keywords: Financial Performance; Effectiveness; Strategic Management; Resources.
1. INTRODUCTION
Analytical concepts and financial costs have significant associated with the management and productivity improvement. For business survival, efficiently manage financial aspects of the business seems to be vital. Moreover, to succeed in improving productivity, management of financial resources should be accompanied with utmost consistency in their activities; this means that any possibility of improving the efficiency of the financial implications should be considered in the analysis. Finance units in the organization's performance lead to productivity and money in funds; provides efficiency that saves financial resources, directing appropriate strategic view of the organization and finances and ultimately business excellence, this is an essential prerequisite for the survival of any organization's performance (Salehi, 2014; Katircioglu, 2012; Sodeyfi & Katircioglu, 2016). Management of state finances, administrative or management role and is absorbed by the public sector is an economic system. Given the importance of the budget and its figures, finance any organization is the most important part of any executive that it can be called the heart of every organization. General and its subsidiary organs in government agencies is similarly and finance units can...