A Strategic Framework for Enhancing Financial Control and Planning in Multinational Energy Investment Entities

• Author(s): Olawale Olasoji ; Ebehiremen Faith Iziduh ; Oluwatobi Opeyemi Adeyelu
• Paper ID: 1709384
• Page: 412-422
• Published Date: 31-05-2020
• Published In: Iconic Research And Engineering Journals
• Publisher: IRE Journals
• e-ISSN: 2456-8880
• Volume/Issue: Volume 3 Issue 11 May-2020

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

Citations

IRE Journals:
Olawale Olasoji , Ebehiremen Faith Iziduh , Oluwatobi Opeyemi Adeyelu "A Strategic Framework for Enhancing Financial Control and Planning in Multinational Energy Investment Entities" Iconic Research And Engineering Journals Volume 3 Issue 11 2020 Page 412-422

IEEE:
Olawale Olasoji , Ebehiremen Faith Iziduh , Oluwatobi Opeyemi Adeyelu "A Strategic Framework for Enhancing Financial Control and Planning in Multinational Energy Investment Entities" Iconic Research And Engineering Journals, 3(11)