Financial Management practices & performance of SMEs

This book examines financial management (FM) practices and their relationship with the performance of SMEs. Some questions therefore arise to which answers ought to be found. For example, what effect does FM practices have on performance? What measures could be adopted to ensure effective management practices of SMEs? What moderating effect does firm's age have on the relationship between FM practices and performance in the SMEs sector in Ghana? To what extent do owner managers of SMEs employ FM practices? What are the strategies adopted by SMEs in managing the components of working capital? What are the records kept by SMEs to monitor their business operations? The quest for answers for these constituted the basis of this study.