This paper explored Anchoring and Adjustment in working capital management and performance of small and medium-sized enterprises (SMEs) in Accra, Ghana. We adopted a qualitative case study design and employed in-depth interviews to obtain data from thirty-five (35) managers drawn from trading manufacturing sectors. We found that SME managers(owners) primarily rely on self-generated and provided anchor. More specifically, managers anchor on customer’s trust, price list and quotation, current and past sales trends which results to overinvestment and underinvestment in working capital and higher or lower performance. Therefore, we conclude that anchoring and adjustment in working capital management and performance matter.
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In-Text Citation: (Lamptey & Marsidi, 2020)
To Cite this Article: Lamptey, J., & Marsidi, A. Bin. (2020). Anchoring and Adjustment Bias in working capital management and performance Small, medium- sized Enterprise(SMEs): Perspectives of SME managers. International Journal of Academic Research in Business and Social Sciences, 10(5), 143–156.
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