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Research Article Open Access
Working capital management is very important in measuring and balancing between risk and efficiency of firm’s performance. Firms has experienced various trend in ensuring the survival of the business in short and long term. This study measures the impact of working capital management on small and medium enterprises' performance in Nigeria, Osun State as a focus area for the period 2010-2014 by using firm by firm statement of financial position and income statement. This is done by calculating return on assets as a tool to measure firms' performance in Nigeria. Data were analysed using ordinary least square method to test the hypothesis formulated. Our findings indicate a mixed effect of WCM on performance. It was concluded that account payables period, cash conversion cycle and net trading cycle has positive effect on performance. Account receivables period and inventories turnover in days has negative relationship with performance.
Working Capital, Performance, SMEs, General finance, HRM, Microfinance, Multinational finance, Business Research, Corporate governance system, Financial Management services, Managerial accounting, Health Management, Logistics management , Entrepreneurship , CRM, BCM, Risk management