Browsing by Author "OWUSU-NUAMAH, PATRICK"

Now showing 1 - 1 of 1
  • Thumbnail Image
    Item
    EFFECT OF WORKING CAPITAL MANAGEMENT ON PROFITABILITY OF MICROFINANCE INSTITUTIONS IN KUMASI
    (July, 2015) OWUSU-NUAMAH, PATRICK
    The study examined the effect of working capital management on the profitability of selected microfinance institutions in Kumasi from 2011-2014. The study has revealed that Cash Conversion Cycle (CCC) has a significant negative effect on the profitability (financial performance) of the selected MFIs. It was also revealed that, Acid Ratio (AR) and Loan to Deposit Ratio (LDR) have significant positive impacts on the profitability of the selected MFIs. The study further revealed that gearing has a positive but insignificant effect on the financial performance of the selected companies. Among the recommendations for MFIs are: striving to reduce their CCC periods and also, MFIs should improve their acid ratios.