Thesis Abstract

The emergence of financial management as a major contributor to the analysis of investment and financing decisions has continues to respond to external economic and technical developments. The improvements in the efficiency and regulation of financial markets, has provided a better basis of the development for financial theory and its practical application.

This research work examine the impact of financial management strategies in the management of public enterprise with special reference to Nigeria National Petroleum Corporation (NNPC). The research investigates how the firm maximize stakeholders wealth; how the firm maximize profit and how the firm maximize stakeholders wealth and management.

Existing literatures on financial management were reviewed. The study also highlight the functions of financial manager, the links with financial environment and the nature of public enterprise.

A sample of fifteen (15) staff was sampled out of the entire population of NNPC for the analysis of the study. Data was garnered with the use of questionnaires administered to selected sample. The data were illustrated on tables and interpreted in percentage.  

The study presents two hypotheses that were formulated based on the research questions. The hypotheses were tested with the use of Chi-Square analysis. The analysis resulted into rejecting the two null hypotheses. Based on the decision of the analysis, it was concluded that; Financial management plays a major role in a Public Sector and Public enterprises maximize stakeholders’ wealth for hypothesis one and two. Conclusion was drawn based on this judgement and recommendations were made to both firm of study and other firms operating in Nigeria.

Thesis Overview