Financial Management Practices and Small- Scale Businesses' Profitability, from the Viewpoint of Kabale Municipality, Uganda
Purpose: The study's goal was to investigate how financial management practices impact small businesses' profitability. Research methodology: Descriptive and correlational research designs were used in the study. The study used a multi-regression analysis to estimate how financial mana...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Annals of Management and Organization Research (AMOR
2023
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| Subjects: | |
| Online Access: | http://hdl.handle.net/20.500.12493/946 |
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| _version_ | 1800403079521107968 |
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| author | Eton, Marus Fabian, Mwosi Eliab, Byamukama Mpora |
| author_facet | Eton, Marus Fabian, Mwosi Eliab, Byamukama Mpora |
| author_sort | Eton, Marus |
| collection | KAB-DR |
| description | Purpose: The study's goal was to investigate how financial
management practices impact small businesses' profitability.
Research methodology: Descriptive and correlational research
designs were used in the study. The study used a multi-regression
analysis to estimate how financial management practices impact
profitability.
Results: The research showed that financial management
strategies had a big effect on profitability. Management of working
capital and cash has a substantial correlation with profitability,
according to the evidence. The study suggests that in order to see
improvements in their profitability levels, small businesses should
establish strong financial management methods. Owners of small
businesses must pay close attention to the dynamics of their
working capital and cash management because these factors have a
significant impact on their profitability levels. To balance
operating costs and profitability, small firms should think about
cost-cutting measures.
Limitations: This study was only conducted within Kabale
Municipality and future studies should be conducted in the entire
region.
Contribution: The study identified a trio of factors – operational
expenses, microeconomic factors, and individual characteristics
that constrain profitability |
| format | Article |
| id | oai:idr.kab.ac.ug:20.500.12493-946 |
| institution | KAB-DR |
| language | English |
| publishDate | 2023 |
| publisher | Annals of Management and Organization Research (AMOR |
| record_format | dspace |
| spelling | oai:idr.kab.ac.ug:20.500.12493-9462024-01-17T04:50:45Z Financial Management Practices and Small- Scale Businesses' Profitability, from the Viewpoint of Kabale Municipality, Uganda Eton, Marus Fabian, Mwosi Eliab, Byamukama Mpora Financial Management Practices Cash Management Working Capital Management Profitability Small Scale Enterprises Purpose: The study's goal was to investigate how financial management practices impact small businesses' profitability. Research methodology: Descriptive and correlational research designs were used in the study. The study used a multi-regression analysis to estimate how financial management practices impact profitability. Results: The research showed that financial management strategies had a big effect on profitability. Management of working capital and cash has a substantial correlation with profitability, according to the evidence. The study suggests that in order to see improvements in their profitability levels, small businesses should establish strong financial management methods. Owners of small businesses must pay close attention to the dynamics of their working capital and cash management because these factors have a significant impact on their profitability levels. To balance operating costs and profitability, small firms should think about cost-cutting measures. Limitations: This study was only conducted within Kabale Municipality and future studies should be conducted in the entire region. Contribution: The study identified a trio of factors – operational expenses, microeconomic factors, and individual characteristics that constrain profitability Kabale University 2023-02-03T05:46:08Z 2023-02-03T05:46:08Z 2023-01-10 Article 2685-7715, Vol 3, No 3, 2022, 165-178 http://hdl.handle.net/20.500.12493/946 en Attribution-NonCommercial-NoDerivs 3.0 United States http://creativecommons.org/licenses/by-nc-nd/3.0/us/ application/pdf Annals of Management and Organization Research (AMOR |
| spellingShingle | Financial Management Practices Cash Management Working Capital Management Profitability Small Scale Enterprises Eton, Marus Fabian, Mwosi Eliab, Byamukama Mpora Financial Management Practices and Small- Scale Businesses' Profitability, from the Viewpoint of Kabale Municipality, Uganda |
| title | Financial Management Practices and Small- Scale Businesses' Profitability, from the Viewpoint of Kabale Municipality, Uganda |
| title_full | Financial Management Practices and Small- Scale Businesses' Profitability, from the Viewpoint of Kabale Municipality, Uganda |
| title_fullStr | Financial Management Practices and Small- Scale Businesses' Profitability, from the Viewpoint of Kabale Municipality, Uganda |
| title_full_unstemmed | Financial Management Practices and Small- Scale Businesses' Profitability, from the Viewpoint of Kabale Municipality, Uganda |
| title_short | Financial Management Practices and Small- Scale Businesses' Profitability, from the Viewpoint of Kabale Municipality, Uganda |
| title_sort | financial management practices and small scale businesses profitability from the viewpoint of kabale municipality uganda |
| topic | Financial Management Practices Cash Management Working Capital Management Profitability Small Scale Enterprises |
| url | http://hdl.handle.net/20.500.12493/946 |
| work_keys_str_mv | AT etonmarus financialmanagementpracticesandsmallscalebusinessesprofitabilityfromtheviewpointofkabalemunicipalityuganda AT fabianmwosi financialmanagementpracticesandsmallscalebusinessesprofitabilityfromtheviewpointofkabalemunicipalityuganda AT eliabbyamukamampora financialmanagementpracticesandsmallscalebusinessesprofitabilityfromtheviewpointofkabalemunicipalityuganda |