Business, Management and Accounting
7 years ago

Working capital management impacts profitability of Ghanaian manufacturing firms significantly.

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BEARING OF CREDIT RISK MANAGEMENT ON FINANCIAL PERFORMANCE: EVIDENCE FROM FINANCIAL INSTITUTIONS IN GHANA
Michael Owusu Akomeah, Yusheng Kong, Xuhua Hu, Stephen Owusu Afriyie

Paper Summary

The article examines how managing working capital affects the financial performance of manufacturing companies in Ghana. Data from 12 listed firms was analyzed over five years. The study found that 9 companies had a significant link between managing working capital and profitability, while the others did not.

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