Anchoring and Adjustment Bias in Working Capital Management and Performance of Small and Medium Enterprises (SMEs): The perspectives of Ghanaian SMEs Managers

Jeff, Lamptey and Asri, Marsidi (2020) Anchoring and Adjustment Bias in Working Capital Management and Performance of Small and Medium Enterprises (SMEs): The perspectives of Ghanaian SMEs Managers. International Journal of Academic Research in Business & Social Sciences, 10 (5). pp. 143-156. ISSN 2222-6990

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Abstract

This paper explored Anchoring and Adjustment in working capital management and performance of small and medium-sized enterprises (SMEs) in Accra, Ghana. We adopted a qualitative case study design and employed in-depth interviews to obtain data from thirty-five (35) managers drawn from trading manufacturing sectors. We found that SME managers(owners) primarily rely on selfgenerated and provided anchor. More specifically, managers anchor on customer’s trust, price list and quotation, current and past sales trends which results to overinvestment and underinvestment in working capital and higher or lower performance. Therefore, we conclude that anchoring and adjustment in working capital management and performance matter

Item Type: Article
Uncontrolled Keywords: Anchoring and Adjustment, Working Capital Management, Performance, SMEs Managers, Ghana, UNIMAS, university, Borneo, Malaysia, Sarawak, Kuching, Samarahan, IPTA, education, Universiti Malaysia Sarawak
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HG Finance
Divisions: Academic Faculties, Institutes and Centres > Faculty of Economics and Business
Depositing User: Tuah
Date Deposited: 04 Jun 2020 03:24
Last Modified: 04 Jun 2020 03:24
URI: http://ir.unimas.my/id/eprint/29826

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