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Boujnane, I, 2024. The impact of working capital management on the profitability of small and medium enterprises (SMEs) in the fishing industry in Morocco. PhD, Nottingham Trent University.
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Abstract
In today’s fast-paced business environment, characterised by shifting business models and increasing competition, working capital management (WCM) has become central to creating business value. This thesis focuses on analysing the impact of WCM practices on profitability within the Moroccan fishing small and medium enterprise (SME) sector. Further, it explores the moderating effects of institutional support, bureaucratic corruption and corporate governance on the association between WCM and profitability. To achieve its goals, this research adopts a quantitative research approach, employing sequential mixed-methods quantitative data collection that combines both primary and secondary data, enabling to conduct of more sophisticated analysis and modelling, leading to deeper insights and more reliable results. The data for the study is based on a sample of 100 small and medium fisheries observed over a six-year period from 2015 to 2020. The findings revealed a significant relationship between four WCM components (cash conversion cycle, days payables outstanding, days inventory outstanding and days sales outstanding) and profitability. Moreover, it was revealed that corporate governance and bureaucratic corruption, when included as moderating variables, have negatively influenced the relationship between WCM and profitability, while institutional support, on the other hand, has a positive moderating effect. This thesis contributes to the literature on WCM and profitability by extending the theory of cash conversion cycle to provide a more comprehensive explanation of financial management practices in small fishery businesses. Furthermore, this study offers a new developing-country perspective to account for firm specific characteristics and contextual factors in the capital management of small fishery businesses. Finally, the study has significant practical implications relevant for academics, practitioners, and regulators, as it provides valuable insights informing the development of more effective policies to enhance the competitiveness and long-term sustainability of small and medium fisheries in Morocco.
| Item Type: | Thesis |
|---|---|
| Creators: | Boujnane, I. |
| Contributors: | Name Role NTU ID ORCID |
| Date: | 2024 |
| Rights: | The copyright in this work is held by the author. You may copy up to 5% of this work for private study or personal, non-commercial research. Any re-use of the information contained within this document should be fully referenced, quoting the author, title, university, degree level and pagination. Queries or requests for any other use, or if a more substantial copy is required, should be directed to the author. |
| Divisions: | Schools > Nottingham Business School |
| Record created by: | Jeremy Silvester |
| Date Added: | 01 Aug 2025 10:50 |
| Last Modified: | 01 Aug 2025 10:50 |
| URI: | https://irep.ntu.ac.uk/id/eprint/54095 |
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