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Working capital management practices of UK SMEs: the role of education and experience

Afrifa, G.A. (2013) Working capital management practices of UK SMEs: the role of education and experience. International Journal of Academic Research in Accounting, Finance and Management Sciences, 3 (4). pp. 185-196. ISSN 2225-8329. (doi:10.2139/ssrn.2354522) (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided)

The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided. (Contact us about this Publication)
Official URL
http://dx.doi.org/10.2139/ssrn.2354522

Abstract

This paper reports the results of an investigation into the effect of education and work experience possessed by managers on the working capital management practices of Small and Medium Enterprises (SMEs) listed on the Alternative Investment Market (AIM), from the perspective of financial directors. The analyses are based on questionnaire distributed to 248 AIM listed SMEs. The paper employs the T-test, one-way ANOVA and post hoc test on responses from 72 managers of AIM listed SMEs. The results show that managers with the highest qualification and many years of work experience have the ability to confidently manage all aspects of WCM, and therefore have the best WCM practices. Specifically, the results indicate that managers possessing professional qualification are more competent and therefore able to manage all WCM components. Also, managers with 21 years or over of work experience have the best WCM practices.

Item Type: Article
DOI/Identification number: 10.2139/ssrn.2354522
Uncontrolled keywords: Working Capital Management Practices, Small and Medium Enterprises, Alternative Investment
Subjects: H Social Sciences
H Social Sciences > H Social Sciences (General)
Divisions: Faculties > Social Sciences > Kent Business School
Faculties > Social Sciences > Kent Business School > Accounting and Finance
Depositing User: Godfred Afrifa
Date Deposited: 21 Mar 2018 13:59 UTC
Last Modified: 29 May 2019 20:24 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/66507 (The current URI for this page, for reference purposes)
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