Determinants of financial performance of processing small and medium enterprises in Kisumu county

Institution Kisii National Polytechnic
Course Determinants of fina...
Year 3rd Year
Semester Unknown
Posted By MAKORI KERECHA
File Type docx
Pages
File Size 124.2 KB
Views 1412
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Description

SMEs play critical role in creating job opportunities and growth of the economy. Currently, the rate at which the new firms formed have stagnated and those with less than 5 years are closing down is very high. This has triggered research on the financial performance of the SMEs especially in areas with high levels of poverty since most studies concentrate on developed economies and urban centers. This study investigated the determinants of financial performance of processing SMEs in Kisumu County. The general objective of study was to determine the factors that affected financial performance of processing SMEs in Kisumu County. The specific objectives of the study included: determine the effect of access to finance on the financial performance; establish the effect of financial corporate governance on the financial performance; determine the effect of product costing on the financial performance; and to determine the effect of risk management practices on the financial performance of the processing SMEs in Kisumu County
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