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A Strategic Framework for Enhancing Financial Control and Planning in Multinational Energy Investment Entities
Subject area: Management and Commerce · Area of research: Multinational Energy Investment
Abstract
This paper addresses the critical need for enhanced financial control and strategic planning within multinational energy investment entities operating in volatile and complex global markets. It begins by contextualizing the financial challenges faced by these organizations, such as regulatory diversity, currency fluctuations, and operational misalignments. Drawing on key theoretical perspectives?including agency theory, transaction cost economics, and stewardship theory?the study elucidates the governance and behavioral dynamics that influence financial management practices. A thorough examination of current financial control mechanisms reveals systemic gaps in organizational structure, internal controls, and planning integration. In response, the paper proposes a comprehensive strategic framework that integrates a robust financial governance layer, digitized and cross-functional planning systems, and continuous performance monitoring with feedback loops. An implementation roadmap and evaluation metrics are outlined to ensure adaptability and sustained effectiveness. The framework?s adoption promises to enhance resilience, strategic agility, and accountability, offering valuable insights for boards, CFOs, and investment planners in the energy sector. Future research directions emphasize empirical validation and cross-sectoral adaptation.
Keywords
Multinational Energy Investment, Financial Control, Strategic Financial Planning, Corporate Governance, Risk Management, Financial Resilience
How to cite this paper
@article{1709384,
author = {Olawale Olasoji, Ebehiremen Faith Iziduh, Oluwatobi Opeyemi Adeyelu},
title = {A Strategic Framework for Enhancing Financial Control and Planning in Multinational Energy Investment Entities},
journal = {Iconic Research And Engineering Journals},
year = {2020},
volume = {3},
number = {11},
pages = {412-422},
issn = {2456-8880},
url = {https://www.irejournals.com/formatedpaper/1709384.pdf},
abstract = {This paper addresses the critical need for enhanced financial control and strategic planning within multinational energy investment entities operating in volatile and complex global markets. It begins by contextualizing the financial challenges faced by these organizations, such as regulatory diversity, currency fluctuations, and operational misalignments. Drawing on key theoretical perspectives?including agency theory, transaction cost economics, and stewardship theory?the study elucidates the governance and behavioral dynamics that influence financial management practices. A thorough examination of current financial control mechanisms reveals systemic gaps in organizational structure, internal controls, and planning integration. In response, the paper proposes a comprehensive strategic framework that integrates a robust financial governance layer, digitized and cross-functional planning systems, and continuous performance monitoring with feedback loops. An implementation roadmap and evaluation metrics are outlined to ensure adaptability and sustained effectiveness. The framework?s adoption promises to enhance resilience, strategic agility, and accountability, offering valuable insights for boards, CFOs, and investment planners in the energy sector. Future research directions emphasize empirical validation and cross-sectoral adaptation.},
keywords = {Multinational Energy Investment, Financial Control, Strategic Financial Planning, Corporate Governance, Risk Management, Financial Resilience},
month = {May},
}