Working Capital Management and its Effect on Financial Performance of Public Universities in Coastal Region Kenya
Open accessAbstract
Kenya's public universities face challenges such as budget cuts and declining enrollments. This puts pressure on institutions and highlights the need for strong financial management systems. The main goal of this research was to assess the influence of working capital management (WCM) on financial performance (FP) of coastal public universities in Kenya. The effects of cash, accounts receivable, accounts payable, inventories and the size of the university on financial performance were examined. The study utilized primary and secondary data analysis involving financial controllers and managers for primary data collection. Secondary data from 2013 to 2019 was also collected from financial reports of selected universities. The findings of this study demonstrated the beneficial effect of working capital management on financial performance. The study highlights the importance of implementing tailored financial management strategies for each institution based on their specific needs and size. Recommendations include focusing on cash management, improving receivables and payables management, optimizing inventory strategies, and considering university size when designing working capital approaches.
Integrity signals
Registry
Cites
Statistics
Claims the paper makes
Claims other papers make about this one
Each is checked against this paper’s own text: does it say what the citing paper says it does?
There have been very few studies in Kenya that focus on working capital management and firm performance in the commercial and services segments of NSE-listed Kenyan companies.
“Second, there have been very few studies in Kenya that focus on WCM and firm performance in the commercial and services segments of NSE-listed Kenyan companies.”
From The Effects of Working Capital Management on the Financial Performance of Commercial and Service Firms Listed on the Nairobi Securities Exchange in Kenya (2024) · cites this paper as Ombui et al. 2024
Research on the impact of working capital management on firm profitability in Kenya is extremely limited.
“Although numerous studies have been conducted on the relationship between WCM and financial performance in both developed and developing countries, research on the impact of working capital management on firm profitability in Kenya is extremely limited.”
From The Effects of Working Capital Management on the Financial Performance of Commercial and Service Firms Listed on the Nairobi Securities Exchange in Kenya (2024) · cites this paper as Ombui et al. 2024
Cites
Supply Chain Management: Strategy, Planning, and Operation
Chopra, S. 1., & Meindl, P. 1. (2003) · International Journal of Quality & Reliability Management · doi:10.1108/02656710310461350 · Cited by 2,298 · see citing works
Liquidity-profitability tradeoff: An empirical investigation in an emerging market
Eljelly, A. M. A. (2004) · International Journal of Commerce and Management · doi:10.1108/10569210480000179 · Cited by 906 · see citing works
Does Working Capital Management Affect Profitability of Belgian FirmsPreprint
Deloof, M. (2003) · RePEc: Research Papers in Economics · Cited by 305 · see citing works
Review essay: The Why and How of volunteering
Handy, F., & Hustinx, L. (2009) · doi:10.1002/nml · Cited by 232 · see citing works
(2009) · SSRN Electronic Journal · Cited by 163 · see citing works
Nyabwanga, R. N. (2012) · AFRICAN JOURNAL OF BUSINESS MANAGEMENT · doi:10.5897/ajbm11.1418 · Cited by 93 · see citing works
Mandipa, G., & Sibindi, A. B. (2022) · Risks · doi:10.3390/risks10030063 · Cited by 58 · see citing works
Inventory and Working Capital Management: An Empirical Analysis
Singh, P. K. (2008) · The ICFAI Journal of Accounting Research · Cited by 48 · see citing works
Inventory policy for dense retail outlets
Ketzenberg, M. E., Metters, R. D., & Vargas, V. A. (2000) · Journal of Operations Management · doi:10.1016/s0272-6963(99)00033-9 · Cited by 46 · see citing works
Ahmed, A. Y., & Wamugo, L. (2022) · International Journal of Current Aspects in Finance Banking and Accounting · doi:10.35942/ijcfa.v4i1.229 · Cited by 23 · see citing works
A Model of Financial Performance Analysis Adapted for Nonprofit Organisations
Abraham, A. M. (2004) · Research Online (University of Wollongong) · Cited by 12 · see citing works
Owuor, G., Agusioma, N., & Wafula, F. O. (2021) · International Journal of Current Aspects in Finance Banking and Accounting · doi:10.35942/ijcfa.v3i1.182 · Cited by 12 · see citing works
Ngari, A. R., & Kamau, C. G. (2022) · Asian Journal of Economics, Business and Accounting · doi:10.9734/ajeba/2022/v22i1430623 · Cited by 9 · see citing works
Self-citationCASH MANAGEMENT AND FINANCIAL PERFORMANCE OF PUBLIC UNIVERSITIES IN KENYA
KITHINJI, M. M., WEPHUKULU, J. M., Gekara, M., et al. (2023) · Reviewed Journal International of Business Management · doi:10.61426/business.v4i1.61 · Cited by 9 · see citing works
Working Capital Management Practices and Financial Performance in Kenya
Ogutu, D. O. (2022) · African Journal of Commercial Studies · doi:10.59413/ajocs/v1.i2.2 · Cited by 7 · see citing works
MATHIAS, J. M., & Kwasira, J. W. (2019) · Strategic Journal of Business & Change Management · doi:10.61426/sjbcm.v6i2.1184 · Cited by 4 · see citing works
Hossain, A. (2015) · BRAC University Institutional Repository (BRAC University) · Cited by 2 · see citing works
The Impact of Working Capital Management on Firm Profitability : Evidence from Pakistan
Sohail, A. A., & Quddus, A. (2022) · Soproni Egyetem Kiadó eBooks · doi:10.35511/978-963-334-411-8_s5_sohail_quddus · Cited by 2 · see citing works
Flagged first, then by citations
Cited by
Sorted by citations
Wanzala, R. W., & Obokoh, L. (2024) · Risks · doi:10.3390/risks12080119 · Cited by 8 · see citing works
“This is supported by existing literature (Wambia and Jagongo 2020; Ombui et al. 2024; Safari and Mwanyefa 2024; Sogomi et al. 2024; Simiyu et al. 2024) and a few student theses on the subject, some of which have been highly cited (Zhong 2022; Achuka 2022), as well as a few works published in…”
- Authors
- Ombui, J., Monari, D., Kamau, C., Kibiti, C., & Muhoro, G.
- Affiliations
- Technical University of Mombasa (KE)
- Venue
- International Journal of Religion
- Publisher
- Wise Academia Research Solutions
- Published
- 2024-06-02
- Volume
- 5
- Issue
- 9
- Pages
- 977-994
- ISSN
- 2633-352X (ISSN-L)
- 2633-3538
- OpenAlex
- W4399303593
- Cited by
- 4
- References
- 19
- Citations by year
- 2025: 2 · 2024: 2
- FWCI
- 3.98
- Type
- journal article
- Language
- en
- Open access
- hybrid
- doi.org
- Licence
- Locations
- International Journal of Religion (publishedVersion, cc-by-nc-nd)
- Topics
- Social Sciences › Business, Management and Accounting › Accounting › Working Capital and Financial Performance
- Social Sciences › Business, Management and Accounting › Management Information Systems › Supply Chain and Inventory Management
- Social Sciences › Business, Management and Accounting › Accounting › Financial Analysis and Corporate Governance
- Keywords
- working capital management, financial performance, public universities, higher education funding, cash management, accounts receivable, accounts payable, inventory management, university size
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
