Please use this identifier to cite or link to this item: https://hdl.handle.net/10321/1198
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dc.contributor.authorNzuza, Zwelihle Wisemanen_US
dc.contributor.authorLekhanya, Lawrence Mpeleen_US
dc.date.accessioned2015-01-30T06:15:34Z-
dc.date.available2015-01-30T06:15:34Z-
dc.date.issued2014-03-
dc.identifier.citationNzuza, Z.W. and Lekhanya, L. M. 2014. Perceived Effectiveness of Municipal Financial Management on the Performance of Inventory Stock Management in Local Government of South Africa. Journal of Economics and Behavioral Studies. 6(3) : 251-261.en_US
dc.identifier.issn2220-6140-
dc.identifier.urihttp://hdl.handle.net/10321/1198-
dc.description.abstractThis paper reports on the perceived effectiveness of municipal financial management (MFM), on the performance of inventory stock management, by South African local government. The study aimed to evaluate and discuss various factors affecting the effectiveness of MFM on the performance of inventory stock management, in a local municipal government of South Africa, with specific reference to the Kwa-Zulu Natal (KZN) Province. The MFM Act was used as a theoretical framework for the study, and a quantitative research method was applied. The questionnaire was formulated based on information obtained from the literature, and was distributed to only one KZN local government department. The sample consisted of 57 respondents, selected using a census sampling method. The results indicate that there is significant relationships between experience and performance of inventory stock management (p=.003a,b*), experience and effectiveness/efficiency of MFM (p=.000a,b*),as well as experience and the economic viability of MFM (p=.000b,c*).Interestingly, the respondents also indicated that, although there is good inventory stock management, there is a weak relationship between the effectiveness/efficiency, economic viability, and transparency of MFM. This study recommends that further research should aim to advance financial management skills in South African local government, in order to build financial management capacity to deal with inventory stock management issues. This should enable communication with other related structures and improve the understanding of each other’s efforts in the organization.en_US
dc.format.extent11 pen_US
dc.language.isoenen_US
dc.publisherInternational Foundation for Research and Development (IFRD)en_US
dc.relation.ispartofJournal of economics and behavioral studies-
dc.subjectMunicipal financial management (MFM)en_US
dc.subjectEffectivenessen_US
dc.subjectEconomicallyen_US
dc.subjectTransparencyen_US
dc.subjectInventory stock managementen_US
dc.titlePerceived effectiveness of municipal financial management on the performance of inventory stock management in local government of South Africaen_US
dc.typeArticleen_US
dc.publisher.urihttp://ifrnd.org/Research%20Papers/J6%283%299.pdfen_US
dc.dut-rims.pubnumDUT-004354en_US
dc.identifier.doi10.22610/JEBS.V6I3.488-
local.sdgSDG17-
item.grantfulltextopen-
item.cerifentitytypePublications-
item.fulltextWith Fulltext-
item.openairecristypehttp://purl.org/coar/resource_type/c_18cf-
item.languageiso639-1en-
item.openairetypeArticle-
Appears in Collections:Research Publications (Management Sciences)
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