FINANCIAL MANAGEMENT DECISION PRACTICES FOR ENSURING BUSINESS SOLVENCY BY SMALL AND MEDIUM SCALE ENTERPRISES
FINANCIAL MANAGEMENT DECISION PRACTICES FOR ENSURING BUSINESS SOLVENCY BY SMALL AND MEDIUM SCALE ENTERPRISES

Summary/Abstract: This study centred on practices that small and medium scale enterprisefinancial managers/operators should adopt to ensure business solvency. Two research questions and two null hypotheses guided the study. The study used Survey researchdesign and was carried out in Anambra and Enugu States Nigeria. The population was 373 registered SMEs financial managers/operators. Questionnaire was usedfor data collection. The instrument was validated by three experts. Cronbach AlphaReliability Method was used, and a general reliability coefficient of 0.79 was obtained.Data were analyzed and hypotheses tested using mean, standard deviation and t-teststatistics. Generally, the study found out that financial managers / operators of SMEsin Anambra and Enugu States, Nigeria very highly and highly required investment and financing decision practices for ensuring business solvency in their businessoperations.

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