Relationship between Financial Restructuring Turnaround Strategy and Performance of Small and Medium Enterprises in Kenya

Abstract: The main objective of this study was to determine the relationship between financial restructuring turnaround strategy and performance of small and medium enterprises in Kenya. The total target population was 8604. A total of 375 respondents were used as the sample size for the study. Descriptive survey design and correlational research design were used in this study. This study tested the null hypotheses that financial restructuring has no relationship with the performance of SMEs in Kenya. The study found that financial restructuring turnaround strategy had significant influence on SMEs performance. The study therefore recommended that SMEs should adopt measures aimed at improving financial soundness of SMEs. Keywords: Financial Restructuring, Turnaround Strategy, Performance. Title: Relationship between Financial Restructuring Turnaround Strategy and Performance of Small and Medium Enterprises in Kenya Author: Antony Sije, Dr. Jane Omwenga, Dr. Mike Iravo International Journal of Management and Commerce Innovations ISSN 2348-7585 (Online) Research Publish Journals

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