Effects of working capital management practice on performance of manufacturing smes in ghana
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Date
2023
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KNUST
Abstract
This study was conducted to examine the effect of working capital management practices on the performance of manufacturing SMEs in Ghana. This study employed quantitative cross-sectional descriptive research. Convenient and purposive sampling was used to select 154 participants. To gather information, mostly a pre-made questionnaire was employed. The statistical analysis was performed using both SPSS v26 and SmartPls v4. The result reveals that the cash conversion cycle had an insignificant direct influence on financial performance. The result reveals that inventory management had a significant direct influence on financial performance. Finally, the result concludes that account receivable management has a direct effect on financial performance. This study contributes valuable knowledge to the realm of business and finance, offering a well-rounded understanding of the dynamics that shape financial performance. The findings serve as guiding beacons for businesses seeking to optimize their operations and strategies, ultimately contributing to sustainable financial success in today's dynamic business environment.
Description
A thesis submitted to the department of accounting and finance, school of business, kwame nkrumah university of science and technology in partial fulfilment of the requirements for the award of the degree of masters of science in accounting and finance