Working Capital Management Practices And Growth Of Small And Medium-sized Enterprises In Nyeri County, Kenya

ABSTRACT In Kenya, Small and Medium Enterprises (SMEs) have continued to face a mountain of challenges and struggle to achieve significant growth despite their importance to the Kenyan Economy. Imprudent working capital decisions have been highlighted in literature as some of the principal causes of their stagnation and decline in growth. Nevertheless, there is scarce empirical evidence on whether working capital management activities significantly affect growth of these institutions. Notably, evidence has been provided to show that most of them lack an established working capital management …