eng Science and Education Publishing Journal of Finance and Accounting 2333-8857 2021-12-07 9 1 48 55 10.12691/jfa-9-1-5 JFA2021915 article Charles Kiprotich Yegon chkyeg@gmail.com 1 Willy Muturi 1 Oluoch Oluoch 1 Jomo Kenyatta University of Agriculture and Technology, Nairobi, Kenya Kenyan tea industry is struggling to thrive. Multinationals and KTDA managed tea firms in Kenya have been performing poorly in the recent past where audited financial statements and reports revealed a warning signal on its financial performance. Specific objectives of the study was to investigate the moderating effect of ownership structure on the relationship between accounts receivables collection period, accounts payment period, inventory conversion period, cash conversion period, WCM policies and financial performance of tea firms in Kenya. The study concludes that the ownership structure moderates the relationship between working capital management decisions and financial performance of tea firms in Kenya. http://pubs.sciepub.com/jfa/9/1/5/jfa-9-1-5.pdf working capital accounts receivable accounts payables and inventory