Wyclife Bwire Muneria|DR. HESBON N. OTINGA
INFLUENCE OF FINANCIAL LITERACY AND WORKING CAPITAL MANAGEMENT ON FINANCIAL GROWTH OF SMALL BUSINESS ENTERPRISES IN KAKAMEGA COUNTY, KENYA
Jomo Kenyatta University of Agriculture and Technology|Jomo Kenyatta University of Agriculture and Technology
study sought investigate influence financial literacy working capital management financial growth small business enterprises kakamega county kenya study used descriptive survey design study targeted 319 small business enterprises operating formalized organizational structure kakamega county kenya study used structured questionnaire main research statistical package social sciences spss version 24 used data analysis total 178 questionnaires 108 questionnaires returned completely filled depicting response rate 607 good generalizability results wider population values unstandardized regression coefficients standard errors parenthesis independent variables financial literacy working capital significant predictors financial growth small business enterprises dependent variable study concluded financial literacy arising education level financial management training small business owners managers boost financial growth small business enterprises financially literate owners managers understand help mitigate financial needs small businesses effective working capital management significantly influence financial growth small business enterprises study recommended first small business owners managers embrace financial literacy training assist effect sound financial management measures business subsequently boost financial growth small business secondly small business owners managers effectively management working capital business avoid business experiencing cash problems definitely bearing financial growth business key words financial literacy working capital financial growth small business enterprises citation muneria w b amp otinga h n 2019 influence financial literacy working capital management financial growth small business enterprises kakamega county kenya strategic journal business amp change management 6 2 1 17