Influence of Financial Management Practices on the Performance of Women Petty Trading in Nasarawa North Senatorial District of Nasarawa State

Abstract

The main objective of the study was the determination of the role financial management practices play in the performance of petty trading among women in Nasarawa North Senatorial District. Cross-sectional primary data was provided for the study by a random sample of 343 women petty traders across Akwanga, Wamba and Nassarawa Eggon, via a questionnaire survey. The collected data was used in the estimation of an Ordinary Least Squares (OLS) regression model. The study found that disaggregated financial management practice components of investment appraisal and working capital management exerted positive and significant effect on the performance of women-ran petty trading businesses in the Nasarawa North zone. Therefore, businesses should focus on improving their investment appraisal practices and, women petty traders should manage their working capital more effectively through ensuring that they have enough cash on hand to meet their day-to-day expenses.