Accounts Receivable Management and Financial Performance of Public Universities in Ghana (Published)
This study examines how accounts receivable management affects the financial performance of public universities in Ghana. Utilizing secondary data from 13 public universities over five years (2017–2021), the research employs descriptive statistics, correlation analysis, and regression models to evaluate key financial metrics, including Return on Assets (ROA), Current Ratio (CUR), Accounts Receivable Turnover (ART), and Accounts Receivable Period (ARP). Key findings indicate a moderate positive correlation between ROA and CUR, a strong positive correlation between ROA and ART, and a negative correlation between ARP and ROA, emphasizing the importance of timely collections. Additionally, larger universities tend to have better financial performance, as shown by the positive influence of university size on both ROA and CUR. The study concludes that while some universities manage finances effectively, significant variability highlights the need for improved practices. These insights are valuable for university administrators and policymakers aiming to enhance financial performance in Ghana’s higher education sector.
Keywords: Financial Performance, Liquidity, Return on Assets, accounts receivable management, accounts receivable period, accounts receivable turnover