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Burja, C. (2015). Factors Influencing the Companies’ Financial performance. Annales Universitatis Apulensis Series Oeconomica, 13(2), 215-224.

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Article

Moderating Effect of Ownership Structure on the Relationship between Working Capital Management Decisions and Financial Performance of Tea Firms in Kenya

1Jomo Kenyatta University of Agriculture and Technology, Nairobi, Kenya


Journal of Finance and Accounting. 2021, Vol. 9 No. 1, 48-59
DOI: 10.12691/jfa-9-1-5
Copyright © 2021 Science and Education Publishing

Cite this paper:
Charles Kiprotich Yegon, Willy Muturi, Oluoch Oluoch. Moderating Effect of Ownership Structure on the Relationship between Working Capital Management Decisions and Financial Performance of Tea Firms in Kenya. Journal of Finance and Accounting. 2021; 9(1):48-59. doi: 10.12691/jfa-9-1-5.

Correspondence to: Charles  Kiprotich Yegon, Jomo Kenyatta University of Agriculture and Technology, Nairobi, Kenya. Email: chkyeg@gmail.com

Abstract

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.

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