The Role of Financial Perspective in Balanced Scorecard Implementation in Palestinian Banks: a Critical Evaluation

EasyChair Preprint 14644

Abstract

The Financial Perspective within the Balanced Scorecard (BSC) framework is essential for measuring and managing the financial performance of organizations, particularly in the banking sector. This study critically evaluates the implementation of the Financial Perspective in Palestinian banks, focusing on its effectiveness in driving financial stability, profitability, and strategic alignment in a complex and challenging economic environment.

Palestinian banks operate in a unique and often volatile economic context, where financial stability is a constant concern due to political instability, limited market access, and stringent regulatory requirements. The Financial Perspective of the BSC provides a structured approach to monitor financial outcomes, align financial objectives with strategic goals, and ensure sustainable growth. This research investigates how Palestinian banks have adopted and adapted the Financial Perspective of the BSC to address these challenges.

Through a mixed-methods approach, combining quantitative financial analysis with qualitative insights from interviews with banking executives and financial analysts, this study assesses the impact of the Financial Perspective on key financial metrics such as return on equity (ROE), cost-to-income ratio, and risk-adjusted returns. The research also explores the extent to which the Financial Perspective has influenced strategic decision-making and resource allocation in Palestinian banks.

Keyphrases: Balanced Scorecard, Banking Strategy, Economic challenges, Financial Performance, Palestinian banks, Profitability, Strategic Alignment, financial perspective, financial stability, risk management

@booklet{EasyChair:14644,
  author    = {Axel Egon},
  title     = {The Role of Financial Perspective in Balanced Scorecard Implementation in Palestinian Banks: a Critical Evaluation},
  howpublished = {EasyChair Preprint 14644},
  year      = {EasyChair, 2024}}