The Relationship Between Senior Executives’ Knowledge of Financial Products, Basic Financial Literacy and Operational Management Success: The Case of Adıyaman Organized Industrial Zone

Özet

This study aims to examine the relationships between senior executives’ knowledge and experience regarding various financial products, their basic financial literacy levels, and their operations management success within enterprises operating in the Adıyaman Organized Industrial Zone (OIZ). A total of 124 managers were reached during the research process, but full data could be collected from 65 managers due to limited participation. Since the data did not follow a normal distribution, non-parametric methods such as Spearman’s rho correlation and Kruskal-Wallis H tests were employed.
The analysis results revealed a significant and positive relationship between executives’ basic financial literacy levels and their operations management success. This finding indicates that an increase in financial knowledge contributes to enhanced managerial performance. Furthermore, it was found that knowledge and experience levels in traditional financial products such as overdraft accounts and bank loans were significantly associated with both financial literacy and operational success. Similar positive relationships were also observed in contemporary financial products such as cryptocurrency, leasing, factoring, and property insurance. The findings underscore that financial knowledge accumulation is a critical factor in managerial decision-making, resource management, and business success.