Corpus ID: 55218435

Effect of Working Capital Management on the Financial Performance of Listed Manufacturing Firms in Kenya

@article{Waema2016EffectOW,
  title={Effect of Working Capital Management on the Financial Performance of Listed Manufacturing Firms in Kenya},
  author={Polycarp Waema and T. Nasieku},
  journal={Asian Journal of Business and management},
  year={2016},
  volume={4}
}
Management of working capital aims at maintaining an optimal balance between each of the working capital components, that is, cash, receivables, inventory and payables. This is a fundamental part of an entity’s overall corporate strategy. Working capital management plays a key role in creating a balance between liquidity and profitability in a firm, providing a basis for the firm’s financing decisions. This study sought to establish the effect of working capital management on the financial… Expand
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