Working capital management and managerial performance in selected firms in Mogadishu, Somali
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Date
2012-12
Authors
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Journal ISSN
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Publisher
Kampala International University, College of Economics and Management
Abstract
This study was set out to establish the extent to which Working Capital Management affect Managerial Performance of Selected Manufacturing Firms in Mogadishu, Somalia.
The study was guided by the following objectives; to determine the demographic characteristics of the respondents in terms of age, gender, educational qualifications, and years in the present position. To determine the current level of working capital management of the firms. To determine the current level of staff performance of the firms. To establish if there is a significant relationship between the levels of working capital management and managerial performance of selected manufacturing firms. The study was conducted through descriptive survey and correlation research design, making use of quantitative approach with the help of a questionnaire, data was collected from a sample 36 respondents from selected manufacturing firms in Mogadishu, Somalia. The finding of the study shared that Working Capital Management is significantly correlated with Managerial Performance. This was conformed to an p2 of 0.47. The study recommends that manufacturing Firms should separate responsibilities of receiving, recording, and storing of goods, if not material assets lost or vandalized. Also, the selected manufacturing firms are advised to capitalize on the policies they adopt which were rated as satisfactory or very satisfactory.
Description
A Research Report Submitted to the Department of Economics, College of Applied Economics and Management Science in Partial Fulfillment of the Requirements for the Award of Bachelor of Arts in Economics of the Kampala International University
Keywords
Working capital management, Managerial performance, Firms, Mogadishu, Somali