EFFECT OF CASH MANAGEMENT PRACTICES ON FINANCIAL PERFORMANCE OF SMALL AND MEDIUM ENTERPRISES IN VISAKHAPATNAM AND VIZIANAGARAM DISTRICTS OF ANDHRA PRADESH, INDIA

G. Taviti Naidu, S. Sandya Sneha Sri

Abstract


In any economy, small and medium-sized enterprises (SMEs) play an important role because they are capable of generating employment, fostering GDP growth, embarking on innovation and stimulating other economic activities. The foundation of all developed and emerging nations is said to be this business. The growth of the small and medium-sized enterprises (SME) sector is of vital importance to every country, regardless of its level of development, as this sector has great potential to produce full socio-economic benefits for a country with a minimum level of investment. In their first five years of existence, the number of small and medium-scale enterprises die, and a few numbers of companies go through extinction between the sixth and tenth years. Yet 5 % to 10% of small and medium-sized companies will thrive, prosper, and mature. The cause for this is not simply a lack of money and it could be poor cash management practises. The investigator sought to examine cash management activities of small and medium businesses in this article. A comprehensive analysis with a formal questionnaire from a survey of 360 including 346 small and 14 medium-sized enterprises in the districts of Visakhapatnam and Vizianagaram was used.

Article visualizations:

Hit counter


Keywords


cash management, small and medium enterprises, financial performance

Full Text:

PDF

References


Abanis, T., Sunday, T., Burani, A., & Eliabu, B. (2013). Financial Management Practices Is Small and Medium Enterprises in Selected Districts in Western Uganda. Research Journal of Finance and Accounting, 4(2), 34.

Deb, G. C., Dey, N. B., & Shil, P. (2015). Cash Management Practices in Micro and Small Enterprises in Barak Valley: An Analytical Study. Sai Om Journal of Commerce & Management: A Peer Reviewed International Journal. 2(2), 1-10.

Eugene F. Brigham, and Joel F. Houston, Fundamentals of Financial Management, Delhi: Thomson, South - Western, 2007, p.6.

Gupta Shashi K. and Sharma R. K., Financial Management: Theory and Practice, Ludhiana: Kalyani Publishers, 2002.

Jayabalan J. & Dorasamy M. (2009). Outsourcing of Accounting Functions amongst SME companies in Malaysia: An Exploratory Study. Journal of Accounting, Business, and Public Interest. 8(2), 96-114.

James C. Van Home, Financial Management and Policy, New Delhi: Prentice Hall of India Private Ltd, 2005, p.l.

Lienert, I. (2009). Modernizing Cash Management. International Monetary Fund. 3. Retrieved from 3 February 2015. Marion (2011).

Prasain, G. P., Nixan Singh, E., Sharat Singh, N., Financing Pattern of Small-Scale Industries, The Indian Journal of Commerce, Vol.59, No.4, Oct-Dec, 2006, p.90.

Prasanna Chandra, Financial Management: Theory and Practice, New Delhi: Tata McGraw - Hill Publishing Company Ltd, 2008, p.4.

Rustagi, R. P., Principles of Financial Management, New Delhi: Galgotia Publishing Company, 2006.

Richard A. Brealey, Stewart C. Myers, Principles of Corporate Finance, Tata McGraw-Hill Publishing Company Ltd, New Delhi, 2007, p.7.

Vishwanath, S. R., Corporate Finance: Theory and Practice, New Delhi: Sage Publications, 2006.




DOI: http://dx.doi.org/10.46827/ejsss.v5i6.951

Copyright (c) 2020 G. Taviti Naidu, S. Sandya Sneha Sri

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

The research works published in this journal are free to be accessed. They can be shared (copied and redistributed in any medium or format) and\or adapted (remixed, transformed, and built upon the material for any purpose, commercially and\or not commercially) under the following terms: attribution (appropriate credit must be given indicating original authors, research work name and publication name mentioning if changes were made) and without adding additional restrictions (without restricting others from doing anything the actual license permits). Authors retain the full copyright of their published research works and cannot revoke these freedoms as long as the license terms are followed.

Copyright © 2016 - 2023. European Journal Of Social Sciences Studies (ISSN 2501-8590) is a registered trademark of Open Access Publishing Group. All rights reserved.

This journal is a serial publication uniquely identified by an International Standard Serial Number (ISSN) serial number certificate issued by Romanian National Library. All the research works are uniquely identified by a CrossRef DOI digital object identifier supplied by indexing and repository platforms. All the research works published on this journal are meeting the Open Access Publishing requirements and standards formulated by Budapest Open Access Initiative (2002), the Bethesda Statement on Open Access Publishing (2003) and  Berlin Declaration on Open Access to Knowledge in the Sciences and Humanities (2003) and can be freely accessed, shared, modified, distributed and used in educational, commercial and non-commercial purposes under a Creative Commons Attribution 4.0 International License. Copyrights of the published research works are retained by authors.


 

Hit counter