Financial Management Practices and Performance of Small and Medium Scale Poultry Industry in Ogun State, Nigeria

Folajinmi, Adegbie Festus; Peter, Alawode Olufemi

doi:10.11648/j.jfa.20200802.15

Cited by 12 publications

(7 citation statements)

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“…But then when it comes to decision making in organization, financial management practice span through broad activities to include capital budgeting, capital structuring, working capital management, dividend policy (Folajinmi & Peter, 2020). In this study, attention was given to working capital management only due to its role of providing liquidity to the enterprise.…”

Section: Financial Management Practicesmentioning

confidence: 99%

“…Using SPSS, results of the regression analysis reveal that components of WCM (cash, accounts payable and receivable) are positively related with profitability of SMEs in term of ROI and earnings per share. Similarly, Folajinmi, and Peter (2020) evaluate the practice of financial management and SMEs performance in Ogun State, Nigeria using a sample of 150 poultry farmers. The analysis indicates working capital management is significantly related with profitability of SMEs in poultry farming.…”

Section: Working Capital Management (Wcm) and Firm Performancementioning

confidence: 99%

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Nexus between Working Capital Management and Financial Performance of Small Enterprises

Waibe,

Salihu,

Akudo

2023

LJE

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This study investigates the impact of working capital management on the financial performance of small enterprises in Kano, Nigeria. A cross-sectional survey of small enterprises owners or managers in Kano was conducted through selfadministered questionnaire. Variance-base structural equation modelling statistical technique called partial least square (PLS) version 4.0.9.5 was utilized to examine the relationship between working capital management and financial performance. The findings of the study indicate that working capital management has a statistically significant positive impact on financial performance of small enterprises. Specifically, the results show that small enterprises with higher working capital management have better financial performance in terms of sales growth, profitability, liquidity, solvency, and return on assets. The study offers useful recommendations to small business operators and suggests interesting direction for future research.

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Section: Financial Management Practicesmentioning

confidence: 99%

Section: Working Capital Management (Wcm) and Firm Performancementioning

confidence: 99%

Nexus between Working Capital Management and Financial Performance of Small Enterprises

Waibe,

Salihu,

Akudo

2023

LJE

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“…Furthermore, successful lean implementation typically necessitates the procurement of advanced technology at high costs, which may not be appropriate for the technical competency level of SME workers [55]. Budgets for training and staff development are typically restrained by a desire to meet short-term objectives [56][57]. In addition, some managements are hesitant to devote resources to lean projects that are typically long-term in nature.…”

Section: Category Of Limitation Lean Principle Involvedmentioning

confidence: 99%

Lean Principles in Small-Medium Enterprises in Malaysia: Creating A Web-Based Training

Wani¹,

Yin²,

Ab-Samat³

et al. 2023

JAITA

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Lean principles (LP) are well-established strategies for increasing the throughput of business organizations. Many large corporations have benefited from LP implementations in their organizations. However, acceptance of LP implementations among Small and Medium Enterprises (SMEs) remained low, owing primarily to persistent prejudice and a lack of access to LP tools. This paper presents a Web-based Training (WBT) approach to alleviate such constraints and to accommodate the circumstances of SMEs in term of their financial, time and knowledge resources. The fundamental concepts of LP, SME, and WBT are presented in the first part of this paper based on a review of literature studies. Following that, the development of optimal WBT modules is elaborated on the basis of survey validations on the connectivity of LP and SMEs in Malaysia, emphasizing the use of simple words and terms for ease of comprehension by the targeted SME users.

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“…Cash management is thus essential to any business that wishes to meet its short-term financial obligations. According to Somathilake and Pathirawasam (2020); Simon-Oke (2020); Folajinmi and Peter (2020); ; Zada et al (2019); Rugui and Omagwa (2018); Mogaka and Koori (2018); Podile (2017); Nthenge and Ringera (2017), working capital management practices significantly positively affect SME performance. According to the research, effective working capital management guarantees that small and medium-sized enterprises (SMEs) have sufficient cash for day-to-day operations.…”

Section: Literature Reviewmentioning

confidence: 99%

The Relationship Between Working Capital Management and Business Performance in Malaysia SMEs Family Business

Amram,

Habidin,

Basri

2023

IJARBSS

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The study examines the relationship between working capital management and business performance in Malaysian SMEs family businesses. A questionnaire was developed and randomly distributed, and a total 0f 399 questionnaires were completed. The statistical tests, which include descriptive and Pearson correlation analysis, were used to test the hypotheses. The results revealed a significant relationship between working capital management and the business performance of SME family businesses in Malaysia. The results also show that the studies supported theories of the Resource-Based View (RBV) theory (Wernerfelt, 1984) and Peaking Order Theory (Myers, 1984). This study concludes that SMEs in Perlis, Kedah, Kelantan, and Terengganu would do better if they had more working capital and managed it better. Family-owned SMEs in Perlis, Kedah, Kelantan, and Terengganu should focus more on managing their working capital in day-to-day operations. The results of this study contribute theoretical and practical. With all the contributions, the stakeholders can know the SME's business funding requirements in managing working capital management simultaneously, increasing business performance.

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Financial Management Practices and Performance of Small and Medium Scale Poultry Industry in Ogun State, Nigeria

Cited by 12 publications

References 0 publications

Nexus between Working Capital Management and Financial Performance of Small Enterprises

Nexus between Working Capital Management and Financial Performance of Small Enterprises

Lean Principles in Small-Medium Enterprises in Malaysia: Creating A Web-Based Training

The Relationship Between Working Capital Management and Business Performance in Malaysia SMEs Family Business

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