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International Journal for Research Trends and Innovation
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ISSN Approved Journal No: 2456-3315 | Impact factor: 8.14 | ESTD Year: 2016
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Impact Factor : 8.14
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| Paper Title: | Working capital management and performance of manufacturing firms in Kenya |
| Authors Name: | Andrew Shitanda , Dr Damianus Okaka , Dr Margaret Atieno |
| Download E-Certificate: | Download |
| Author Reg. ID: |
IJRTI_205727
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| Published Paper Id: | IJRTI2508078 |
| Published In: | Volume 10 Issue 8, August-2025 |
| DOI: | |
| Abstract: | Working capital management is essential for all manufacturing companies, significantly impacting overall stability and ensuring that available resources are utilized efficiently. Although fixed assets management has been put in place, the manufacturing sector's contribution to Gross Domestic Product decreased to 2.7 percent in 2022, down from 7.3 percent the previous year, as reported by the Kenya National Bureau of Statistics 2023 Economic Survey. The studies carried out on manufacturing firms have focused on the separate impact of financial factors rather than their collective effect. The primary aim of the research was to determine how fixed asset management influences the performance of manufacturing companies listed on the Nairobi Securities Exchange. The study was guided by modern portfolio theory. The focus of the study was nine manufacturing companies listed on the Nairobi Securities Exchange. A correlational research design alongside a multiple regression model was utilized. The census survey was employed to analyze all nine manufacturing companies. Data processing and analysis were conducted using STATA. Descriptive statistics like mean and standard deviation were produced. Inferential statistics included multiple linear regression analysis. Data was displayed through tables, charts, and graphs. The working capital management displayed a positive correlation coefficient of 0.4762. The correlation coefficient for working capital management stood at 0.4102(ROE) and 0.3437(EPS). The findings of the research on working capital management and the performance of manufacturing companies showed an overall R square of 0.4817 with ROE and 0.4574 with EPS. The research is important for the government, policymakers, and managers in manufacturing companies to adjust to financial demands to enhance performance. |
| Keywords: | Working capital, performance, manufacturing ,contingency |
| Cite Article: | "Working capital management and performance of manufacturing firms in Kenya", International Journal of Science & Engineering Development Research (www.ijrti.org), ISSN:2455-2631, Vol.10, Issue 8, page no.a634-a655, August-2025, Available :http://www.ijrti.org/papers/IJRTI2508078.pdf |
| Downloads: | 000770 |
| ISSN: |
2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016 An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator |
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Published Paper ID: IJRTI2508078
Registration ID:205727
Published In: Volume 10 Issue 8, August-2025
DOI (Digital Object Identifier):
Page No: a634-a655 Country: p.o box 385 kaimosi, kenya, Kenya Research Area: Arts Publisher : IJ Publication Published Paper URL : https://www.ijrti.org/viewpaperforall?paper=IJRTI2508078 Published Paper PDF: https://www.ijrti.org/papers/IJRTI2508078 |
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ISSN: 2456-3315
Impact Factor: 8.14 and ISSN APPROVED,
Journal Starting Year (ESTD) : 2016
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