Internal control systems, working capital management and financial performance of supermarkets

The purpose of this paper is to examine the contribution made by the internal control systems and working capital management on financial performance of supermarkets. This study is cross-sectional and correlational, and it uses firm-level data that were collected by means of a questionnaire survey f...

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Autores principales:	Frank Kabuye, Joachim Kato, Irene Akugizibwe, Nicholas Bugambiro
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2019
Materias:	internal control systems working capital management financial performance Business HF5001-6182 Management. Industrial management HD28-70
Acceso en línea:	https://doaj.org/article/25f8647846ca4a55a3f3b735f446c9ce
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spelling	oai:doaj.org-article:25f8647846ca4a55a3f3b735f446c9ce2021-12-02T16:07:29ZInternal control systems, working capital management and financial performance of supermarkets2331-197510.1080/23311975.2019.1573524https://doaj.org/article/25f8647846ca4a55a3f3b735f446c9ce2019-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2019.1573524https://doaj.org/toc/2331-1975The purpose of this paper is to examine the contribution made by the internal control systems and working capital management on financial performance of supermarkets. This study is cross-sectional and correlational, and it uses firm-level data that were collected by means of a questionnaire survey from a sample of 110 supermarkets in Uganda. Results suggest that working capital management is a significant predictor of financial performance. Contrary to previous thinking internal control systems do not significantly predict financial performance. Therefore, once organizations have appropriate working capital management, they are also likely to have adequate internal control systems that enhance financial performance. This study focuses on supermarkets in Uganda, and it is possible that these results are only applicable to the supermarkets. More research is therefore needed to further understand the contribution of the internal control systems and working capital management on financial performance in other sectors. The results are important for internal control and working capital policy development, for example, in terms of prescribing the internal control systems and working capital requirements for the organizations to enhance financial performance. Internal control systems and working capital management have apparently hitherto been the subject of limited consideration by most supermarkets in Uganda. Nevertheless, this study, in possibly the most thorough treatment so far, highlights the areas requiring improvement to enhance financial performance.Frank KabuyeJoachim KatoIrene AkugizibweNicholas BugambiroTaylor & Francis Grouparticleinternal control systemsworking capital managementfinancial performanceBusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 6, Iss 1 (2019)
institution	DOAJ
collection	DOAJ
language	EN
topic	internal control systems working capital management financial performance Business HF5001-6182 Management. Industrial management HD28-70
spellingShingle	internal control systems working capital management financial performance Business HF5001-6182 Management. Industrial management HD28-70 Frank Kabuye Joachim Kato Irene Akugizibwe Nicholas Bugambiro Internal control systems, working capital management and financial performance of supermarkets
description	The purpose of this paper is to examine the contribution made by the internal control systems and working capital management on financial performance of supermarkets. This study is cross-sectional and correlational, and it uses firm-level data that were collected by means of a questionnaire survey from a sample of 110 supermarkets in Uganda. Results suggest that working capital management is a significant predictor of financial performance. Contrary to previous thinking internal control systems do not significantly predict financial performance. Therefore, once organizations have appropriate working capital management, they are also likely to have adequate internal control systems that enhance financial performance. This study focuses on supermarkets in Uganda, and it is possible that these results are only applicable to the supermarkets. More research is therefore needed to further understand the contribution of the internal control systems and working capital management on financial performance in other sectors. The results are important for internal control and working capital policy development, for example, in terms of prescribing the internal control systems and working capital requirements for the organizations to enhance financial performance. Internal control systems and working capital management have apparently hitherto been the subject of limited consideration by most supermarkets in Uganda. Nevertheless, this study, in possibly the most thorough treatment so far, highlights the areas requiring improvement to enhance financial performance.
format	article
author	Frank Kabuye Joachim Kato Irene Akugizibwe Nicholas Bugambiro
author_facet	Frank Kabuye Joachim Kato Irene Akugizibwe Nicholas Bugambiro
author_sort	Frank Kabuye
title	Internal control systems, working capital management and financial performance of supermarkets
title_short	Internal control systems, working capital management and financial performance of supermarkets
title_full	Internal control systems, working capital management and financial performance of supermarkets
title_fullStr	Internal control systems, working capital management and financial performance of supermarkets
title_full_unstemmed	Internal control systems, working capital management and financial performance of supermarkets
title_sort	internal control systems, working capital management and financial performance of supermarkets
publisher	Taylor & Francis Group
publishDate	2019
url	https://doaj.org/article/25f8647846ca4a55a3f3b735f446c9ce
work_keys_str_mv	AT frankkabuye internalcontrolsystemsworkingcapitalmanagementandfinancialperformanceofsupermarkets AT joachimkato internalcontrolsystemsworkingcapitalmanagementandfinancialperformanceofsupermarkets AT ireneakugizibwe internalcontrolsystemsworkingcapitalmanagementandfinancialperformanceofsupermarkets AT nicholasbugambiro internalcontrolsystemsworkingcapitalmanagementandfinancialperformanceofsupermarkets
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Internal control systems, working capital management and financial performance of supermarkets

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