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Publication Details
AFRICAN RESEARCH NEXUS
SHINING A SPOTLIGHT ON AFRICAN RESEARCH
business, management and accounting
How do small business owners manage working capital in an emerging economy?: A qualitative inquiry
Qualitative Research in Accounting and Management, Volume 10, No. 2, Year 2013
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Description
Purpose - The purpose of this study was to examine the actions owner-managers of small businesses undertake in managing working capital. Design/methodology/approach - The study adopted an exploratory research design. The point of saturation was achieved after ten owner-managers were interviewed. Data were analyzed using content analysis technique with the aid of NVivo software. Verbatim texts were used to explain the emergent themes. Findings - The findings indicate that in the absence of systems, structures and procedures, small business owner-managers intuitively plan, monitor and control their working capital. The activities undertaken include; reliance on memory and oral agreements, informal planning, assuming inventory limits, unconventional record keeping, cash flow based information management and giving credit to close associates. Research limitations/implications - A more detailed investigation of the steps in the action sequence ma y advance our understanding of the process. Future studies need to test the effect of personal characteristics on working capital management process. Practical implications - Owner-managers of small businesses do not require the same degree of sophistication employed in planning, monitoring and controlling working capital. They require soft skills. Therefore, academicians, practitioners and policy makers need to emphasize knowledge management and cash accounting. Originality/value - This study examines the process perspective of working capital management, an aspect that has not been adequately highlighted in previous studies. Copyright © 2013 Emerald Group Publishing Limited. All rights reserved.
Authors & Co-Authors
Orobia, Laura Aseru
Uganda, Kampala
Makerere University
Byabashaija, Warren
Uganda, Kampala
Makerere University
Munene, John Chrysostom Kigozi
Uganda, Kampala
Makerere University
Sejjaaka, Samuel K.
Uganda, Kampala
Makerere University
Musinguzi, Dan
Netherlands, Leeuwarden
Nhl Stenden University of Applied Sciences
Statistics
Citations: 84
Authors: 5
Affiliations: 2
Identifiers
Doi:
10.1108/QRAM-02-2012-0008
ISSN:
11766093
Research Areas
Health System And Policy
Study Design
Exploratory Study
Study Approach
Qualitative