FINANCIAL MANAGEMENT PRACTICES AND PERFORMANCE OF SMALL AND MEDIUM SCALE ENTERPRISES IN LAGOS, NIGERIA

Kwarbai, Jerry Danjuma, Ogundajo, Grace Oyeyemi, Dasauki Musa C. and Mgbemena Victor C.
Additional contact information
Kwarbai, Jerry Danjuma: Department of Accounting
Ogundajo, Grace Oyeyemi: Department of Accounting
Dasauki Musa C.: Department of Economics
Mgbemena Victor C.: Department of Accounting

Journal of Forensic Accounting & Fraud Investigation (JFAFI), 2020, vol. 5, issue 2, 131-156

Abstract: This study examined the effect of financial management practices on financial performance of SMEs in Lagos, Nigeria. The population sample frame was 400 SMEs in Ketu, Lagos State. The sample size for this study was 200 owners of different SMEs in Lagos Nigeria. A well-structured questionnaire was used for obtaining primary data; the reliability and validity of questionnaires were tested and approved. The result of the regression analysis adopted revealed that Financial Management Practice exerts a positive effect on the financial performance of SMEs in Lagos state Nigeria. This paper suggested that SMEs should embrace best financial management practices to enhance their overall performances.

Keywords: Capital mix decision; Dividend pay-out decision; Financial assessment; Investment decision; Working (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ris:jfaafi:0028

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