TABLE OF CONTENTS

                                                                                                                                                                                                                                                        Pages

Title page        -           -           -           -           -           -           -           -           -           i

Declaration      -           -           -           -           -           -           -           -           -           ii

Certification    -           -           -           -           -           -           -           -           -           iii

Dedication      -           -           -           -           -           -           -           -           -           iv

Acknowledgements    -           -           -           -           -           -           -           -           v

Table of Contents       -           -           -           -           -           -           -           -           vi

List of Tables              -           -           -           -           -           -           -           -           x

Abstract          -           -           -           -           -           -           -           -           -           xi

CHAPTER 1: INTRODUCTION

1.0       Introduction    -           -           -           -           -           -           -           -           1

1.1       Background of the Study       -           -           -           -           -           -           2

1.2       Statement of the Problem       -           -           -           -           -           -           8

1.3       Purpose of the Study              -           -           -           -           -           -           10

1.4       Research Questions     -           -           -           -           -           -           -           12

1.5       Research Hypotheses -           -           -           -           -           -           -           13

1.6       Limitation of the Study          -           -           -           -           -           -           14

CHAPTER TWO

2.0       Review of Related Literature             -           -           -           -           -           16

2.1       Conceptual Framework           -           -           -           -           -           -           16

2.2       Sources of financing working capital by SMEs          -           -           -           20

2.3       Cash Management Practices Required by SMEs        -           -           -           21

2.4       Factors Influencing Working capital Management     -           -           -           22

2.5       Challenges and Importance of Working Capital Management           -           22

2.6       Characteristics, problems and roles of SMEs -           -           -           -           24

2.7       Theoretical Framework           -           -           -           -           -           -           28

2.7.1    Carl Max’s Approach to Working Capital Management        -           -           28

2.7.2    David Ricardo’s Approach to Working Capital Management           -           29

2.7.3    Moderate Approach to Working Capital Management          -           -           31

2.7.4    Aggregate Approach to Working Capital Management         -           -           32

2.8       Related Empirical Studies      -           -           -           -           -           -           33

2.9       Summary of Literature            -           -           -           -           -           -           36

CHAPTER THREE

3.0       Methodology -           -           -           -           -           -           -           -           39

3.1       Selecting of Data        -           -           -           -           -           -           -           39

3.2       Area of the Study       -           -           -           -           -           -           -           39

3.3       Collection of Data      -           -           -           -           -           -           -           40

3.4       Design and Administration of Questionnaire             -           -           -           40

3.5       Sample Size and Sampling Technique            -           -           -           -           41

3.6       Data Analysis Technique        -           -           -           -           -           -           41

3.7       Criteria for Deciding the Validity of Hypothesis       -           -           -           42

3.8       Test of Independence of classification           -           -           -           -           43

3.9       Determination of Critical Values        -           -           -           -           -           44       

CHAPTER FOUR: PRESENTATION AND ANALYSIS OF DATA             

4.0       Introduction    -           -           -           -           -           -           -           -           45       

4.1       Descriptive Analysis   -           -           -           -           -           -           -           45       

4.2       Analysis of Data         -           -           -           -           -           -           -           47

4.3       Test of Hypothesis      -           -           -           -           -           -           -           51

4.3.1    Testing of Hypothesis             -           -           -           -           -           -           51

4.3.2    Testing of Hypotheses                        -           -           -           -           -           -           54

4.3.2    Testing of Hypothesis Three   -           -           -           -           -           -           56

 

 

 

 

 

 

 

CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATIONS

5.0       Summary         -           -           -           -           -           -           -           -           58

5.1       Implications for Business Education/SMEs Operators           -           -           58

5.2       Conclusion      -           -           -           -           -           -           -           -           59

5.3       Recommendations      -           -           -           -           -           -           -           60

5.4       Suggestions for Further Studies         -           -           -           -           -           62

References      -           -           -           -           -           -           -           -           63

Appendix        -           -           -           -           -           -           -           -           65

 

LIST OF TABLES

 

Table 4.1         Total Numbers of Questionnaires sent and received by

 Respondents  -      &n

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