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

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

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 manufa...

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Main Authors: Jeff, Lamptey, Asri, Marsidi
Format: Article
Language:English
Published: Human Resource Management Academic Research Society 2020
Subjects:
HB Economic Theory
HG Finance
Online Access:http://ir.unimas.my/id/eprint/29826/1/Jeff%2C%20Lamptey.pdf
http://ir.unimas.my/id/eprint/29826/
http://hrmars.com/index.php/pages/detail/IJARBSS
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Institution: Universiti Malaysia Sarawak
Language: English
id my.unimas.ir.29826
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spelling my.unimas.ir.298262021-04-01T01:12:20Z http://ir.unimas.my/id/eprint/29826/ Anchoring and Adjustment Bias in Working Capital Management and Performance of Small and Medium Enterprises (SMEs): The perspectives of Ghanaian SMEs Managers Jeff, Lamptey Asri, Marsidi HB Economic Theory HG Finance 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 Human Resource Management Academic Research Society 2020 Article PeerReviewed text en http://ir.unimas.my/id/eprint/29826/1/Jeff%2C%20Lamptey.pdf 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 http://hrmars.com/index.php/pages/detail/IJARBSS
institution Universiti Malaysia Sarawak
building Centre for Academic Information Services (CAIS)
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Sarawak
content_source UNIMAS Institutional Repository
url_provider http://ir.unimas.my/
language English
topic HB Economic Theory
HG Finance
spellingShingle HB Economic Theory
HG Finance
Jeff, Lamptey
Asri, Marsidi
Anchoring and Adjustment Bias in Working Capital Management and Performance of Small and Medium Enterprises (SMEs): The perspectives of Ghanaian SMEs Managers
description 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
format Article
author Jeff, Lamptey
Asri, Marsidi
author_facet Jeff, Lamptey
Asri, Marsidi
author_sort Jeff, Lamptey
title Anchoring and Adjustment Bias in Working Capital Management and Performance of Small and Medium Enterprises (SMEs): The perspectives of Ghanaian SMEs Managers
title_short Anchoring and Adjustment Bias in Working Capital Management and Performance of Small and Medium Enterprises (SMEs): The perspectives of Ghanaian SMEs Managers
title_full Anchoring and Adjustment Bias in Working Capital Management and Performance of Small and Medium Enterprises (SMEs): The perspectives of Ghanaian SMEs Managers
title_fullStr Anchoring and Adjustment Bias in Working Capital Management and Performance of Small and Medium Enterprises (SMEs): The perspectives of Ghanaian SMEs Managers
title_full_unstemmed Anchoring and Adjustment Bias in Working Capital Management and Performance of Small and Medium Enterprises (SMEs): The perspectives of Ghanaian SMEs Managers
title_sort anchoring and adjustment bias in working capital management and performance of small and medium enterprises (smes): the perspectives of ghanaian smes managers
publisher Human Resource Management Academic Research Society
publishDate 2020
url http://ir.unimas.my/id/eprint/29826/1/Jeff%2C%20Lamptey.pdf
http://ir.unimas.my/id/eprint/29826/
http://hrmars.com/index.php/pages/detail/IJARBSS
_version_ 1696979510384132096

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