Abstract: The main objective of the study was to find out the determinants of financial performance in Small and medium Enterprises (SME’s) in Mombasa County, Kenya. Further envisioned to establish how financial leverage, size of the firm and liquidity affected the financial performance under the control of government checks and balances by a quantitative study design in which primary data was collected using a structured questionnaire. Liquidity was confirmed to have a significant impact on financial progress. Size of the firm was also established as significantly vital in business operation. Larger SMEs made more profits and the results indicate that there exists a strong positive and significant relationship between firm’s equity and profitability.
Keywords: Firm Performance, Firm Size, Liquidity, Leverage.
Title: DETERMINANTS OF FINANCIAL PERFORMANCE IN SMALL AND MEDIUM ENTERPRISES IN MOMBASA COUNTY KENYA
Author: Antony Muriuki Mate, Dr. Abdullah Ibrahim Ali
International Journal of Management and Commerce Innovations
ISSN 2348-7585 (Online)
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