Working capital management (WCM) is critical because it affects a company's profitability, liquidity, and investment decisions, all of which have an impact on financial performance. As a result, effective and efficient working capital management is an essential component for commercial and service businesses. Given the importance of the commercial and services industries to the Kenyan economy, the goal of this research was to look into the impact of working capital management on the financial performance of these firms, particularly those listed on the Nairobi Securities Exchange (NSE), from 2003 to 2022. Working capital management was measured using the average age of inventory, average collection period, average payment period, and cash conversion cycle, whereas financial performance was measured using return on asset, return on equity, and net operating profit margin. Using panel regression analysis, the results showed that the average inventory age, average collection period, average payment period, and cash conversion cycle were all negatively related to financial performance for NSE-listed commercial and services firms. Based on the findings, it is recommended that Kenyan commercial and services firms adopt prudent optimal working capital management practices in order to improve firm financial performance and maximize shareholder wealth.

The savings behavior of individuals has been a topic of both macroeconomic and policy importance throughout history. Theoretical and empirical research offers strong evidence that savings are the result of a number of demographic and economic factors working together to produce long-term, sustainable economic growth. This study therefore looked at how domestic savings affected South Africa's economic growth between 1970 and 2022. The ARDL framework was used to analyze data that came from the World Bank and the South African Reserve Bank. The results of the study demonstrate that corporate savings have a major effect on economic growth, especially over the long term. When corporate savings rise by 1%, the economy expands by 3.12%. On the other hand, savings by the government and the general public, especially in the long run, have no appreciable impact on economic growth. Given that domestic savings mobilization is the most suitable channel for financing capital accumulation to support economic growth and development, the study suggests reviewing current policies to encourage domestic savings mobilization.