摘要：The purpose of this research is to investigate the relationship between strategic planning as business
management dimensions and financial management (FM) practices. To achieve this objective,
employees from various firms working in Kuwait are under observation. A survey questionnaire
is developed, considering fifteen items of strategic planning and five for financial management
practices. A final sample of 276 respondents is considered for investigating the empirical
relationship between the selected variables. Both descriptive and traditional linear regression
modelling techniques are applied. However, the study findings are pre-tested through model specification
for all five items of FM. It is found that various strategic planning items are significantly
associated with financial management proxies including staff turnover, safeguarding physical and
financial assets, and development of financial budgets in selected firms. Significance of the study
can be viewed as emerging contribution in the present literature while assimilation strategic planning
with financial management too. Besides, the study findings are useful for both strategic planning
and finance departments in the business organizations for their better future development.
Limitations of the study cover limited sample size and application of traditional method of analysis.
Future studies should be in direction while addressing these boundaries.
关键词：Strategic planning;Financial management;Model specification;Traditional linear regression;Kuwait
