Redirigiendo al acceso original de articulo en 15 segundos...
ARTÍCULO
TITULO

Impact of Working Capital Management, Ownership Structure and Board Size on the Profitability of Small and Medium-sized Entities in Nigeria

Muhammad Musa Tsagem    
Norhani Aripin    
Rokiah Ishak    

Resumen

This paper aims to investigate the impact of working capital management, family ownership and board size on the profitability of small and medium-sized entities in Nigeria. The panel data regression analysis is employed using financial reports of 47 SMEs of North-West geopolitical zone in Nigerian for the period 2008?2012. The study found a statistically significant relationship between account receivables period, accounts payable period, cash conversion efficiency and board size with SMEs profitability, proxy by gross operating profits. Further, a positive relationship between inventory holding periods, cash conversion cycle and cash ratio with profitability were established. The result suggest that SMEs owners/managers need to give more emphasis to efficient management of their limited resources by managing their account receivables, accounts payable, inventories and cash effectively for improve profitability. In addition, the study contributes to existing literatures on the importance of WCM and board size to SMEs for sustainability and growth.Keywords: Working Capital Management; Corporate Governance; SMEs; Profitability, NigeriaJEL Classifications: M1

 Artículos similares

       
 
Anuruddha Gamage,Widana Pathiranage Richard Wickramaratne     Pág. 50 - 59
Tea industry plays a prominent and strategic role in Sri Lanka due to its significant impact on national output, employment and socio-economic status. Therefore, the overall worker productivity in tea industry plays an integral role in terms of national ... ver más

 
Andra Nicoleta ILIESCU     Pág. 94 - 106
The purpose of this paper is to contribute to the academic advances in the knowledge management field, by increasing the understanding of the knowmad workforce. Knowledge economy represents the context in which organizations and individuals strive to lea... ver más

 
Nain Tara,Noman Arshed,Osama Aziz,Mahwish Yamin     Pág. 80 - 87
Women participation in the economy can help accumulate capital formation and ideation which helps them in becoming a tool for socio-economic uplift for poor people working in the informal sector of the economy. The current research has examined the impac... ver más

 
Zulfadli Hamzah     Pág. 235 - 247
The success of an organization is inseparable from the increase in human resources. This study aims to analyze the career planning process Baitul Maal waa Tamwil (BMT) and its impact on employee performance and job satisfaction. The study was conducted u... ver más

 
Bayu Wulandari, Julyani Julyani, Santi Santi, Jessica Sulastio, Lucianto Hanafie     Pág. 327 - 335
In the midst of an unstable Indonesian economy, it requires every company to be able to face and anticipate all situations to survive in increasingly fierce competition. This research aims to test whether receivables turnover, working capital turnover, c... ver más