Research Article
BibTex RIS Cite

THE IMPACT OF INFORMATION SYSTEMS ON THE DECISION-MAKING PROCESS OF FINANCIAL MANAGEMENT: A RESEARCH IN THE MINISTRY OF EDUCATION IN LIBYA

Year 2022, Volume: 6 Issue: 10, 105 - 124, 31.08.2022

Abstract

Information systems are considered one of the essential topics researchers are interested in. The increasing need to collect, process, and use data and information effectively is a crucial requirement for the success of organizations in all its forms. It has become obligatory for institutions to use information systems to make decisions related to administrative and financial functions. This study aims to determine the effect of information systems on the quality of decision-making in financial management. The research data was obtained through a purpose-prepared questionnaire. The population of this study consists of 200 employees working as managers, heads of administrative and financial departments, accountants, internal auditors in the Ministry of Education in Libya. Following the study's goal, the obtained data have been analyzed using the partial least squares regression (PLS) analysis method. The analysis results show that information system quality affects information quality and decision-making quality.

References

  • Al-Kinani, A.R.O. (2008). The effect of modern information systems on the process of making financial management decisions, 8th Conference on Banking, Amman.
  • Al-Mamary, Y. H., Shamsuddin, A., & Aziati, N. (2013). The role of different types of information systems in business organizations: A review, International Journal of Research, 1(7), 333-339.
  • Attar, K.N.K. (2019). Financial information systems based on the data mining approach and its impact on the success of financial decisions, International Conference on Information and Learning Technology, Egypt.
  • Bakhoda, B. & Mayeli S. Y. (2016). Role of Financial Information in Management Decision Making Process. Indian Journal of Fundamental and Applied Life Sciences 6 (S3), 2016, p. 10-13.
  • Ballou, D., Wang, R., Pazer, H., & Tayi, G. K. (1998). Modeling information manufacturing systems to determine information product quality. Management Science, 44(4), 462–484.
  • Bradley, R. V., Pridmore, J. L., & Byrd, T. A. (2006). Information systems success in the context of different corporate cultural types: An empirical investigation. Journal of Management Information Systems, 23(2), 267–294.
  • Brien, J. A. O., & Marakas, G. (2007). Management information systems with MISource, 8th ed. Boston, MA: McGraw-Hill, Inc.
  • Çakır, F. (2019). Kısmi en küçük kareler yapısal eşitlik modellemesi (PLS-SEM) ve bir uygulama, Sosyal Araştırmalar ve Davranış Bilimleri Dergisi, 5(9), 111–128.
  • Caniëls, M. & Bakens, R. (2012). The effects of project management ınformation systems on decision making in a multi project environment. International Journal of Project Management 30(2), 162-175.
  • DeLone, W. H., & McLean, E. R. (2003). The DeLone and McLean model of information systems success: a ten-year update. Journal of management information systems, 19(4), 9-30.
  • Dietrich, P., & Lehtonen, P. (2005). Successful management of strategic intentions through multiple projects - Reflections from empirical study. International Journal of Project Management, 23(5 SPEC. ISS.), 386–391.
  • Garson (2016). Partial least squares structural equation modeling using SmartPLS: a software review. Journal of Marketing Analytics, 7(3), 196–202.
  • Ghasemaghaei, M. (2019). Does data analytics use improve firm decision making quality? The role of knowledge sharing and data analytics competency. Decision Support Systems, 120, 14–24.
  • Gorla, N., Somers, T. M., & Wong, B. (2010). Organizational impact of system quality, information quality, and service quality. Journal of Strategic Information Systems, 19(3), 207–228.
  • Hall, B. H., Lerner, J., Hall, B. H., & Lerner, J. (2009). Accounting information and managerial work. Accounting, Organizations and Society, 35(3), 301–315.
  • Hall, Matthew (2010) Accounting information and managerial work. Accounting, Organizations and Society, 35 (3). 301-315.
  • Hanafiah. (2020). Formative Vs. Reflective Measurement Model: Guidelines for Structural Equation Modeling Research, International Journal of Analysis and Applications. Retrieved September 23.
  • Hasan, H. F., Mahdi, A. A., & Nat, M. (2017). A recommendation of information system implementation to support decision-making process of top management. ACM International Conference Proceeding Series, 55–61.
  • Henseler, J., Hubona, G., & Ray, P. A. (2016). Using PLS path modeling in new technology research: Updated guidelines. Industrial Management and Data Systems, 116(1), 2–20.
  • Hu, L.T., & Bentler, P. M. (1998). Fit indices in covariance structure modeling: Sensitivity to underparameterized model misspecification. Psychological Methods, 3(4), 424–453.
  • K.Thompson, S. (2012). Sampling - Steven K. Thompson - Google Books.
  • Kaye, D. (1995). Kaye Perspectives on experimental research in managerial accounting. 33 Iss 5, 287–318.
  • Martinsuo, M., & Lehtonen, P. (2007). Role of single-project management in achieving portfolio management efficiency. International Journal of Project Management, 25(1), 56–65.
  • Mishra, S. S., & Pradhan, B. B. (2019). Review on management information systems (MIS) and its role in decision making. International Journal of Psychosocial Rehabilitation, 23(6), 566–572.
  • Mouzhi, G., & Markus, H. (2008). Impacts of information quality on decision-making. Global Business and Economics Review, 21(1), 26–42.
  • Pirouz, D. M. (2012). An overview of partial least squares. SSRN Electronic Journal, March.
  • Preacher, K. and Hayes, A. (2008). Asymptotic and resampling strategies for assessing and comparing indirect effects in multiple mediator models, Behavior Research Methods volume 40, 879–891.
  • Price, R., & Shanks, G. (2011). Journal of the Association for Information the Impact of Data Quality Tags on Decision- Making Outcomes and Process the Impact of Data Quality Tags on Decision-Making Outcomes and Process. Information Systems Journal, 12(4), 323–346.
  • Rani, L & Kidane, F. (2012). Characteristics and important quality factors of management accounting information system. Radix International Journal of Banking, Finance and Accounting 1(7), 1–18.
  • Raymond, L., & Bergeron, F. (2008). Project management information systems: An empirical study of their impact on project managers and project success. International Journal of Project Management, 26(2), 213–220.
  • Redman, T. C. (1998). Impact of poor data quality on the typical enterprise. Communications of the CM, 41(2), 79–82.
  • Saeed, K. A., & Abdinnour-Helm, S. (2008). Examining the effects of information system characteristics and perceived usefulness on post adoption usage of information systems. Information and Management, 45(6), 376–386.
  • Saeed, K. A., & Abdinnour-Helm, S. (2008). Examining the effects of information system characteristics and perceived usefulness on post adoption usage of information systems. Information and Management, 45(6), 376–386.
  • Sarstedt, M., Ringle, C. M., Henseler, J., & Hair, J. F. (2014). On the Emancipation of PLS-SEM: A Commentary on Rigdon (2012). Long Range Planning, 47(3), 154– 160.
  • Sedera D. & Gable, G. (2004). A factor and structural equation analysis of the enterprise systems success measurement model, Proceedings of the 10th Americas Conference on Information Systems, 676-682.
  • Sokkar, Y. (1999). Using management information systems in the decision-making process in the business sector, Journal of System Management, 7(3), 215-237.
  • Sprinkle, G. B., & Williamson, M. G. (2006). Experimental research in managerial accounting. Handbooks of Management Accounting Research, 1, 415–444.
  • Swanson, E. B. (1997). Maintaining IS quality. Information and Software Technology, 39(12), 845–850.
  • Törn, A. A. (1990). Models of software accumulation. The Journal of Systems and Software, 12(1), 39–42.
  • Winterman V., Smith C. & Abell A. (1998). Impact of information on decision making in government departments, MCB University, UK, Library Management, 19(2), 110-132.

BİLGİ SİSTEMLERİNİN FİNANSAL YÖNETİM KARAR VERME SÜRECİNE ETKİSİ: LİBYA EĞİTİM BAKANLIĞI’NDA BİR ARAŞTIRMA

Year 2022, Volume: 6 Issue: 10, 105 - 124, 31.08.2022

Abstract

Bilgi sistemleri, araştırmacıların ilgilendiği en önemli konulardan biri olarak kabul edilmektedir. Veri ve bilgiyi etkin bir şekilde toplama, işleme ve kullanma ihtiyacının artması, her türlü organizasyonların başarısı için temel bir gerekliliktir. Dolayısıyla, kurumların idari ve mali işlevlere ilişkin kararlarında bilgi sistemlerini kullanmaları zorunlu hale gelmiştir. Bu çalışma, finansal yönetimde bilgi sistemlerinin karar verme kalitesi üzerindeki etkisini belirlemeyi amaçlamaktadır. Araştırma verileri, amaca yönelik hazırlanmış bir anket aracılığıyla elde edilmiştir. Bu araştırmanın evrenini Libya'da Milli Eğitim Bakanlığı'nda yönetici, idari ve mali daire başkanı, muhasebeci, iç denetçi olarak çalışan 200 çalışan oluşturmaktadır. Çalışmanın amacına uygun olarak, elde edilen veriler kısmi en küçük kareler regresyon (PLS) analiz yöntemi kullanılarak analiz edilmiştir. Analiz sonuçları, bilgi sistemi kalitesinin bilgi kalitesini ve karar verme kalitesini etkilediğini göstermektedir.

References

  • Al-Kinani, A.R.O. (2008). The effect of modern information systems on the process of making financial management decisions, 8th Conference on Banking, Amman.
  • Al-Mamary, Y. H., Shamsuddin, A., & Aziati, N. (2013). The role of different types of information systems in business organizations: A review, International Journal of Research, 1(7), 333-339.
  • Attar, K.N.K. (2019). Financial information systems based on the data mining approach and its impact on the success of financial decisions, International Conference on Information and Learning Technology, Egypt.
  • Bakhoda, B. & Mayeli S. Y. (2016). Role of Financial Information in Management Decision Making Process. Indian Journal of Fundamental and Applied Life Sciences 6 (S3), 2016, p. 10-13.
  • Ballou, D., Wang, R., Pazer, H., & Tayi, G. K. (1998). Modeling information manufacturing systems to determine information product quality. Management Science, 44(4), 462–484.
  • Bradley, R. V., Pridmore, J. L., & Byrd, T. A. (2006). Information systems success in the context of different corporate cultural types: An empirical investigation. Journal of Management Information Systems, 23(2), 267–294.
  • Brien, J. A. O., & Marakas, G. (2007). Management information systems with MISource, 8th ed. Boston, MA: McGraw-Hill, Inc.
  • Çakır, F. (2019). Kısmi en küçük kareler yapısal eşitlik modellemesi (PLS-SEM) ve bir uygulama, Sosyal Araştırmalar ve Davranış Bilimleri Dergisi, 5(9), 111–128.
  • Caniëls, M. & Bakens, R. (2012). The effects of project management ınformation systems on decision making in a multi project environment. International Journal of Project Management 30(2), 162-175.
  • DeLone, W. H., & McLean, E. R. (2003). The DeLone and McLean model of information systems success: a ten-year update. Journal of management information systems, 19(4), 9-30.
  • Dietrich, P., & Lehtonen, P. (2005). Successful management of strategic intentions through multiple projects - Reflections from empirical study. International Journal of Project Management, 23(5 SPEC. ISS.), 386–391.
  • Garson (2016). Partial least squares structural equation modeling using SmartPLS: a software review. Journal of Marketing Analytics, 7(3), 196–202.
  • Ghasemaghaei, M. (2019). Does data analytics use improve firm decision making quality? The role of knowledge sharing and data analytics competency. Decision Support Systems, 120, 14–24.
  • Gorla, N., Somers, T. M., & Wong, B. (2010). Organizational impact of system quality, information quality, and service quality. Journal of Strategic Information Systems, 19(3), 207–228.
  • Hall, B. H., Lerner, J., Hall, B. H., & Lerner, J. (2009). Accounting information and managerial work. Accounting, Organizations and Society, 35(3), 301–315.
  • Hall, Matthew (2010) Accounting information and managerial work. Accounting, Organizations and Society, 35 (3). 301-315.
  • Hanafiah. (2020). Formative Vs. Reflective Measurement Model: Guidelines for Structural Equation Modeling Research, International Journal of Analysis and Applications. Retrieved September 23.
  • Hasan, H. F., Mahdi, A. A., & Nat, M. (2017). A recommendation of information system implementation to support decision-making process of top management. ACM International Conference Proceeding Series, 55–61.
  • Henseler, J., Hubona, G., & Ray, P. A. (2016). Using PLS path modeling in new technology research: Updated guidelines. Industrial Management and Data Systems, 116(1), 2–20.
  • Hu, L.T., & Bentler, P. M. (1998). Fit indices in covariance structure modeling: Sensitivity to underparameterized model misspecification. Psychological Methods, 3(4), 424–453.
  • K.Thompson, S. (2012). Sampling - Steven K. Thompson - Google Books.
  • Kaye, D. (1995). Kaye Perspectives on experimental research in managerial accounting. 33 Iss 5, 287–318.
  • Martinsuo, M., & Lehtonen, P. (2007). Role of single-project management in achieving portfolio management efficiency. International Journal of Project Management, 25(1), 56–65.
  • Mishra, S. S., & Pradhan, B. B. (2019). Review on management information systems (MIS) and its role in decision making. International Journal of Psychosocial Rehabilitation, 23(6), 566–572.
  • Mouzhi, G., & Markus, H. (2008). Impacts of information quality on decision-making. Global Business and Economics Review, 21(1), 26–42.
  • Pirouz, D. M. (2012). An overview of partial least squares. SSRN Electronic Journal, March.
  • Preacher, K. and Hayes, A. (2008). Asymptotic and resampling strategies for assessing and comparing indirect effects in multiple mediator models, Behavior Research Methods volume 40, 879–891.
  • Price, R., & Shanks, G. (2011). Journal of the Association for Information the Impact of Data Quality Tags on Decision- Making Outcomes and Process the Impact of Data Quality Tags on Decision-Making Outcomes and Process. Information Systems Journal, 12(4), 323–346.
  • Rani, L & Kidane, F. (2012). Characteristics and important quality factors of management accounting information system. Radix International Journal of Banking, Finance and Accounting 1(7), 1–18.
  • Raymond, L., & Bergeron, F. (2008). Project management information systems: An empirical study of their impact on project managers and project success. International Journal of Project Management, 26(2), 213–220.
  • Redman, T. C. (1998). Impact of poor data quality on the typical enterprise. Communications of the CM, 41(2), 79–82.
  • Saeed, K. A., & Abdinnour-Helm, S. (2008). Examining the effects of information system characteristics and perceived usefulness on post adoption usage of information systems. Information and Management, 45(6), 376–386.
  • Saeed, K. A., & Abdinnour-Helm, S. (2008). Examining the effects of information system characteristics and perceived usefulness on post adoption usage of information systems. Information and Management, 45(6), 376–386.
  • Sarstedt, M., Ringle, C. M., Henseler, J., & Hair, J. F. (2014). On the Emancipation of PLS-SEM: A Commentary on Rigdon (2012). Long Range Planning, 47(3), 154– 160.
  • Sedera D. & Gable, G. (2004). A factor and structural equation analysis of the enterprise systems success measurement model, Proceedings of the 10th Americas Conference on Information Systems, 676-682.
  • Sokkar, Y. (1999). Using management information systems in the decision-making process in the business sector, Journal of System Management, 7(3), 215-237.
  • Sprinkle, G. B., & Williamson, M. G. (2006). Experimental research in managerial accounting. Handbooks of Management Accounting Research, 1, 415–444.
  • Swanson, E. B. (1997). Maintaining IS quality. Information and Software Technology, 39(12), 845–850.
  • Törn, A. A. (1990). Models of software accumulation. The Journal of Systems and Software, 12(1), 39–42.
  • Winterman V., Smith C. & Abell A. (1998). Impact of information on decision making in government departments, MCB University, UK, Library Management, 19(2), 110-132.
There are 40 citations in total.

Details

Primary Language English
Journal Section Research Article
Authors

Serhan Gürkan 0000-0002-2363-5661

Early Pub Date August 31, 2022
Publication Date August 31, 2022
Published in Issue Year 2022 Volume: 6 Issue: 10

Cite

APA Gürkan, S. (2022). THE IMPACT OF INFORMATION SYSTEMS ON THE DECISION-MAKING PROCESS OF FINANCIAL MANAGEMENT: A RESEARCH IN THE MINISTRY OF EDUCATION IN LIBYA. EUropean Journal of Managerial Research (EUJMR), 6(10), 105-124.

download      18423    18421     18416    18417        18418  18419     18420       18422     download    ojop-index-Categorical-png.png



EUJMR Creative Commons Attribution 4.0 Uluslararası Lisansı ile lisanslanmıştır.

Creative Commons Lisansı