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dc.contributor.authorMuathe, Stephen M. A.
dc.contributor.authorMwangi, L. W.
dc.contributor.authorKosimbei, G. K.
dc.date.accessioned2014-06-25T13:28:59Z
dc.date.available2014-06-25T13:28:59Z
dc.date.issued2014
dc.identifier.citationEuropean Journal of Business and Management Vol.6, No.11, 2014en_US
dc.identifier.issn2222-1905
dc.identifier.issn2222-2839
dc.identifier.urihttp://ir-library.ku.ac.ke/handle/123456789/10136
dc.description.abstractThe purpose of this study was to investigate the effect of working capital management on the performance of non-financial companies listed in the Nairobi Securities Exchange (NSE), Kenya. The study employed an explanatory non-experimental research design. A census of 42 non-financial companies listed in the Nairobi Securities Exchange, Kenya was taken. The study used secondary panel data contained in the annual reports and financial statements of listed non-financial companies. The data were extracted from the Nairobi Securities Exchange hand books for the period 2006-2012.The study applied panel data models (random effects). Feasible Generalised Least Square (FGLS) regression results revealed that an aggressive financing policy had a significant positive effect on return on assets and return on equity while a conservative investing policy was found to affect performance positively. The study recommended that managers of listed non-financial companies should adopt an aggressive financing policy and a conservative investing policy should be employed to enhance the performance of non-financial companies listed in the NSE, Kenya.en_US
dc.language.isoenen_US
dc.publisherAcademic Journals
dc.subjectworking capital managementen_US
dc.subjectperformanceen_US
dc.subjectnon-financial companiesen_US
dc.titleEffects of Working Capital Management on Performance of Non-Financial Companies Listed In NSE, Kenyaen_US
dc.typeArticleen_US


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