Working Capital Management and SME Performance in Selected SMES in Ibadan, Oyo State

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dc.contributor.authorOlufunmilayo Lanrewaju ABIDOGUN
dc.date.accessioned2026-02-17T11:23:13Z
dc.date.available2026-02-17T11:23:13Z
dc.date.issued2023
dc.description.abstractThis research investigated the influence of working capital management on SME performance in Ibadan, Oyo State, with a specific focus on working capital efficiency, cash, and accounts receivable management. The study is guided by resource-based and operating cycle theories. The population includes all 1108 staff members of SMEs in the selected three senatorial districts in Ibadan, and a sample size of 287 was determined using the Taro Yamane Formula. Results are presented through tables featuring percentages, frequency count, mean, and standard deviation. Hypotheses are tested via linear regressions at a 0.05 significance level. The analysis indicates a notable link between working capital management efficiency and SME profitability (F = 61.758, p < 0.001). Additionally, cash management significantly affects profitability (F = 136.182, p < 0.001), while accounts receivable's impact on return on investment is also significant (F = 4.361, p < 0.003). Moreover, inventory management significantly influences customer satisfaction (F = 56.988, p < 0.001). The study affirmed that proficient management of working capital significantly influences SME financial performance. Strong evidence links working capital efficiency, cash, accounts receivable, and inventory management to profitability and customer satisfaction. Significant p-values underscore the importance of these factors. It was recommended that SMEs improve working capital management through robust account management and inventory control. Keywords: Account Receivable Management, Cash Management, Performance, Small and Medium Enterprises (SMEs), Working Capital Management, Performance, Working Capital Management Efficiency
dc.identifier.issn3026-9067
dc.identifier.urihttps://repository.lcu.edu.ng/handle/123456789/1357
dc.language.isoen
dc.publisherThe International Journal of Contemporary Research in Humanities (INJOCORH)
dc.relation.ispartofseriesVol. 1:1
dc.subjectAccount Receivable Management
dc.subjectCash Management
dc.subjectPerformance
dc.subjectSmall and Medium Enterprises (SMEs)
dc.subjectWorking Capital Management
dc.subjectWorking Capital Management Efficiency
dc.titleWorking Capital Management and SME Performance in Selected SMES in Ibadan, Oyo State
dc.typeArticle

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