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Author: Isaac Nketsiah Publisher: ISBN: Category : Languages : en Pages : 1
Book Description
Proper financial management is essential for business survival because firm's inability to identify and implement relevant financial management practices can affect its performance. This study examines financial management practices and their relationship with performance of small and medium enterprises (SMEs) in the Sekondi-Takoradi Metropolis. The financial management practices covered financial records keeping, asset management, receivables management, cash management, inventory management and payables management. A sample of 147 SMEs made up of 133 small firms and 14 medium enterprises were used. Multiple linear regression analysis model was used to test the relationship between financial management practices and SMEs performance. The results show that receivable management, cash management, inventory management and asset management practices influence SMEs performance. Firm's age has a moderating effect on the association between financial management practice and SMEs performance. It is recommended that SMEs should incorporate good financial management practices such as credit management, cash management, inventory management and asset management in their operations.
Author: Isaac Nketsiah Publisher: ISBN: Category : Languages : en Pages : 1
Book Description
Proper financial management is essential for business survival because firm's inability to identify and implement relevant financial management practices can affect its performance. This study examines financial management practices and their relationship with performance of small and medium enterprises (SMEs) in the Sekondi-Takoradi Metropolis. The financial management practices covered financial records keeping, asset management, receivables management, cash management, inventory management and payables management. A sample of 147 SMEs made up of 133 small firms and 14 medium enterprises were used. Multiple linear regression analysis model was used to test the relationship between financial management practices and SMEs performance. The results show that receivable management, cash management, inventory management and asset management practices influence SMEs performance. Firm's age has a moderating effect on the association between financial management practice and SMEs performance. It is recommended that SMEs should incorporate good financial management practices such as credit management, cash management, inventory management and asset management in their operations.
Author: Belinda Jane Owusu Publisher: GRIN Verlag ISBN: 3346717011 Category : Business & Economics Languages : en Pages : 90
Book Description
Master's Thesis from the year 2017 in the subject Business economics - Accounting and Taxes, grade: 4.07, Kwame Nkrumah University of Science and Technology (School of Business), course: Bsc Accounting, language: English, abstract: The study examined the effect of entrepreneurial orientation on financial performance of SMEs using selected small and medium scale enterprises. The population of the study is made up of SMEs owner/managers of the metropolis. The study was done using an overall sample size of 120 SMEs owner/managers out of which 118 responses were received which constitute 98.3% response rate. Respondents were chosen using both purposive and convenient sampling techniques. The software utilized in data analysis was Statistical Package for Social Science version 20, and data was interpreted using regression, percentages, mean, and standard deviation. Risk-taking propensity, innovativeness, and competitive aggressiveness (independent variables) were found to have a significant effect on financial performance of SMEs (dependent variable). This research will educate enterprise managers and entrepreneurs in numerous industries on the elements that influence entrepreneurial behavior, improve company performance, and assist the growth and development of their businesses at the firm level. The research will also give senior executive and management personnel at company’s access to the resources they need to make long-term decisions, allowing them to improve their competitive postures and capacities by improving their financial performance. Another important value of this research is that the findings will give information to the government that can be utilized as inputs for policy creation related to entrepreneurship and entrepreneurial orientation. This research will add to the existing body of knowledge by presenting a fresh scenario and dimensions for bridging the gap in entrepreneurial success in developing countries.
Author: Daniel Nthenge Publisher: ISBN: Category : Languages : en Pages : 27
Book Description
Financial management is an important element of the management of any business. This study was therefore, designed to establish the effect of financial management practices on financial performance of small and medium enterprises in Kiambu town in Kenya. Three variables namely Working Capital Management, Investment decisions and financing decisions [independent variables] were used to measure financial performance [dependent variable]. The study used descriptive research design utilizing qualitative data captured using a self-administered questionnaire. The study showed that considered individually, there is a positive relationship between working capital management; investment decisions; financial decisions and financial performance. The study showed that the combined effect of financial management practices [working capital management, investment decision, financial decision] have a moderate positive relationship between financial management practices and financial performance. The study recommends that to enhance financial performance, the organizations [SMEs] should adopt credit policies to guide credit sales. The policies should create a balance between customer retention and adequate the cash flow. Secondly the study recommends that the government should ensure creation of favourable policy and economic environment through legislation that facilitate access to affordable sources of funding for SMEs and attract venture capitalist. Third, developing appropriate strategies and policies that enhance financial decisions will be critical for the SMEs in enhancing their financial performance. Fourth, a study that covers other parts of the country with unique business environments would be welcome.
Author: Publisher: OECD Publishing ISBN: Category : Small business Languages : en Pages : 150
Book Description
The lack of funding available from the financial sector for small and medium-sized enterprises (SMEs) is known as the financing gap. This report analyzes this gap for both credit and equity financing and seeks to determine how prevalent such a gap may be, both among OECD countries and non-OECD economies, and recommends measures to foster an improved flow of financing to SMEs and entrepreneurs. A significant number of entrepreneurs and SMEs could use funds productively if they were available, but are often denied access to financing. This impedes their creation and growth. The "financing gap" was the subject of the OECD Global Conference on "Better Financing for Entrepreneurship and SME Growth", held in Brasilia, Brazil in March 2006. Vol. 2 presents a synthesis of the Conference discussions on the credit and equity financing gaps, as well as on private equity definitions and measurements. It also offers a selection of papers given by some of the key stakeholders (SMEs, government and financial institutions) confronting these issues.--Publisher's description.
Author: Franklin Obeng-Odoom Publisher: Routledge ISBN: 1317682769 Category : Business & Economics Languages : en Pages : 252
Book Description
This book presents a critical analysis of the ‘resource curse’ doctrine and a review of the international evidence on oil and urban development to examine the role of oil on property development and rights in West Africa’s new oil metropolis - Sekondi-Takoradi, Ghana. It seeks answers to the following questions: In what ways did the city come into existence? What changes to property rights are oil prospecting, explorations, and production introducing in the 21st century? How do the effects vary across different social classes and spectrums? To what extent are local and national institutions able to shape, restrain, and constrain trans-national oil-related accumulation and its effects on property in land, property in housing (residential, leisure, and commercial), and property in labour? How do these processes connect with the entire urban system in Ghana? This book shows how institutions of varying degrees of power interact to govern land, housing, and labour in the city, and analyses how efficient, sustainable, and equitable the outcomes of these interactions are. It is a comprehensive account of the tensions and contradictions in the main sectors of the urban economy, society, and environment in the booming Oil City and will be of interest to urban economists, development economists, real estate economists, Africanists and urbanists.
Author: Mohd Ma'Sum Billah Publisher: Springer Nature ISBN: 3030653137 Category : Business & Economics Languages : en Pages : 666
Book Description
The SDGs, developed by the UN in 2012, focuses on 17 goals for the betterment of humanity and humanitarian causes. Among the core objectives of Shari'ah in Islamic finance is to offer a helping hand, emphasizing the efforts and scope of the SDGs. This book explores how Islamic ethical wealth is structured to contribute to the SDGs and an overall socio-economic impact within the principles of Maqasid al-Shari’ah. Focusing areas such as Islamic micro-finance, wealth inclusion, corporate and agro-Zakat, Awqaf, SRI Sukuk, and green Sukuk, this book will feature contributions from the leading researchers in sustainability and Islamic finance and will be of interest to scholars, researchers, industrialists, NGOs, UNDP and students studying both areas.
Author: Ilan Bijaoui Publisher: Springer ISBN: 1137564733 Category : Business & Economics Languages : en Pages : 142
Book Description
This book identifies the driving forces behind globalization and proposes innovative ways for small and medium-enterprises (SMEs) to confront them. More than ever, sustainable competitive advantage requires SMEs to continually adapt their strategy and confront new and current competition in the international market. SMEs working with multinational companies could also benefit from winning strategies based on a sensible analysis of rational and irrational phenomena at the micro- and macro-economic levels. This book uses different models developed and established through international business experiences to determine the relevant strategy in the global market. It illustrates each model through real, successful case studies of globalization of factor, efficiency, and innovation-driven SMEs. It will benefit scholars of entrepreneurship, international business, regional development as well as managers, governmental institutions, and regional development, and consultants to SMEs.
Author: Isaac Nketsiah
Author: Isaac Nketsiah
Author: Belinda Jane Owusu
Author: Mathew Marembo
Author: Willis Yuko Oso
Author: Daniel Nthenge
Author: 
Author: Alero Obazee
Author: Franklin Obeng-Odoom
Author: Mohd Ma'Sum Billah
Author: Ilan Bijaoui