Page 75 - IMDR MSME BOOK 2021

Managing Finance in Micro, Small & Medium Enterprises
In the present study an effort has been made to
understand a linkage among various groups of
MSMEs categorized based on their turnover and the
practice of monitoring key nancial parameters
monthly, a linkage among various groups of MSMEs
categorized based on their turnover and the
adoption of sales maximization as pricing strategy,
linkage among various groups of MSMEs
categorized based on their turnover and their
monthly tracking of revenue against forecast and
analysis of variance, linkage between increase in
NPAT of MSMEs and periodic variance analysis. An
attempt has been made to recognize the relationship
between increase of capital and use of capital
budgeting techniques by the respondent MSMEs.
There is further exploration among some selected
variables to know about the association among
them. Based on sample size and type of data, cross
tabulation and the regression analysis and ANOVA
have been used with the help of MS excel software,
at 5% level of signicance and 95% level of
condence.
Hypothesis Testing

H01– There is no signicant difference among
various groups of respondents and monitoring key
nancial parameters monthly.

MSME respondent rms have been grouped based
on their last year annual turnover which reects the
size of the organisation. Two-factor ANOVA without
replication is used to test the hypothesis using
Microsoft Excel.