Financial Management Practices and Performance of Small and Medium Enterprise in Lagos Nigeria

Financial Management Practices and Performance of Small and Medium Enterprise in Lagos Nigeria

Author by Dr. Jerry Kwarbai

Journal/Publisher: Journal Of Forensic Accounting And Fraud Investigation

Volume/Edition: 5

Language: English

Pages: 131 - 156

Abstract

The study examined the effect of financial management practices on financial performance of SMEs in Lagos, Nigeria. The population sample frame was 400 smes in ketu, Lagos state. The sample size for this study was 200 owners of diffirent smes. A well structure questionaire was used for obtaining primary data; the reliability and validity of questionaire were tested and approved. The result of the regression analysis adopted revealed that financial management practices exerts a positive effect on the financial performance of SMEs in Lagos Nigeria. This paper suggested that SMEs should embrace best financial management practices to enhance their overall performance. 


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