Browsing by Author "Atai, Petrolina"

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    Working Capital Management, Intellectual Capital and Financial Performance of Hotels in Kampala.
    (2023) Atai, Petrolina
    The study was carried out was to examine the relationship between working capital management, intellectual capital and financial performance of hotels in Kampala. The study objectives were; to examine the relationship between working capital management and financial performance of hotels in Kampala, to examine the relationship between intellectual capital and financial performance of hotels in Kampala, to examine the combined relationship between working capital management, intellectual capital and financial performance of hotels in Kampala. The study used the cross- sectional and quantitative research design. Data was collected using a self-administered questionnairefrom104 hotels. The Statistical Package for Social Scientists was used in analyzing the data. Correlation and regression analysis was also used. The study found out that the results in table 4.4 indicate that there is a positive and significant (r= .505, p<.01) relationship between working capital and financial performance. This implies that improving working capital management practices through having proper records on all working capital items, utilization of cash discounts when making purchases and putting in place proper safeguards against inventory will be associated with an improvement in the profitability and liquidity of hotels. The purpose of this research was to report results of a study carried out to examine the relationship between working capital management, intellectual capital and financial performance of hotels in Kampala. The findings from the study revealed that working capital management and intellectual capital positively and significantly influence financial performance. Intellectual capital has a higher prediction rate as compared to working capital management implying that more emphasis should be put on Intellectual Capital to have a greater improvement in financial performance. For effective running of hotels, having employees who are knowledgeable about their work and maintaining good business relationships with customers will attract more customers to the hotels who will be willing to make payments for the services offered thus improving financial performance. In recommendation Hotel managers need to be trained and coached in financial management as this enabled them to be knowledgeable on how to manage hotel finances and gain basic accounting practices.