Effect Of Working Capital Management On Financial Performance Of Listed Commercial And Service Firms At Nairobi Securities Exchange Limited Kenya

The study analyzed the relationship of WCM on financial performance, taking the case of Firms in the Commercial and Services Segment of NSE, Kenya. Specifically, the study analyzed the effect of accounts receivable, accounts payable, stock conversion period, cash conversion cycle on Return on Asset as measures of financial performance of commercial and services segment listed in Nairobi Securities Exchange, Kenya. The study adopted the following theories to explain the effect of working capital on financial performance of Listed commercial and services segments; Residual Equity Theory, Value C…