The Relationship between Corporate Governance and Working Capital Management Efficiency of Firms Listed at the Nairobi Securities Exchange

Abstract

The aim of the study was to examine the relationship between corporate governance and working capital management efficiency.  The population of the study comprised all the forty two firms which had been consistently listed at the Nairobi Securities Exchange from 2006-2012. Data was collected from secondary sources. Independent one-way ANOVA test and independent t-tests were used to determine the level of significance. The results of the study indicated that there was no statistical significant relationship between corporate governance and working capital management efficiency. This study contributes to the literature on the relationship between corporate governance and working capital management efficiency.

Keywords: Corporate governance, working capital management efficiency, listed companies and Nairobi Securities Exchange.