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dc.contributor.advisorSamson Kaplelachen_US
dc.contributor.authorMutembete, Edyline Musanya
dc.date.accessioned2023-08-10T07:37:22Z
dc.date.available2023-08-10T07:37:22Z
dc.date.issued2023
dc.identifier.urihttp://ir-library.ku.ac.ke/handle/123456789/26722
dc.descriptionA Research Project Submitted to the School of Business, Economics and Tourism in Partial Fulfillment of the Requirements for the Award of the Degree of Master of Business Administration (Finance Option) of Kenyatta Universityen_US
dc.description.abstractThe aim of working capital management is to make sure a firm continues with its operations and has enough ability to satisfy both maturing short-term debt and upcoming operational expenses. In almost all cases, security firms are affected by poor financial performance due to their unique approach to the management of working capital which involves more of accounts receivables than any other working capital management practices. The purpose of this study was to investigate the effect of working capital management on profitability of security companies in Mombasa County. The specific objectives of the study were to establish the relationship between cash management and profitability, to determine the influence of inventory management on profitability, to ascertain the relationship between accounts receivable management and profitability and to find out the relationship between accounts payable management and profitability of Security Companies in Mombasa County. The study covered a period of five years from 2016 to 2020. The study was informed by agency theory, resource-based theory and efficient asset management theory. Descriptive research design and cross sectional survey designs were employed in the study. The target population of the study was the 31 finance managers from the 31 security companies selected. The researcher utilized purposive sampling design. Primary data was collected using structured questionnaires. Data was analyzed using both inferential and descriptive statistics with the help of SPSS version 22. Descriptive statistics consisted of mean and standard deviation. Inferential statistics consisted of multiple regression analysis that were done to establish the relationship between dependent and independent variables. Diagnostic tests that were done to establish the significance of the model were normality test, heteroscedasticity, autocorrelation and multicollinearity. Data presentation was done by use of figures and tables. The study found that the security companies have been invoicing promptly to manage their accounts receivables. The study also found that factors of accounts receivable management affect profitability. The study concluded that accounts receivable management entails managing the firm's inventory and receivables in order to achieve a balance between risk and returns and thereby contribute positively to the creation of a firm value. In relation to policies the study recommends that accounting curriculum should be developed consistently to the changing role of accountants. Accounting Education must equip their students with capabilities in coping with the rapid changing of the business environment so that they can always provide relevant management accounting information to managers.en_US
dc.description.sponsorshipkenyatta universityen_US
dc.language.isoenen_US
dc.publisherKenyatta universityen_US
dc.subjectWorking Capital Managementen_US
dc.subjectSecurity Companiesen_US
dc.subjectMombasa Countyen_US
dc.subjectKenyaen_US
dc.titleWorking Capital Management and Profitability of Security Companies in Mombasa County, Kenyaen_US
dc.typeThesisen_US


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