Effect Of Working Capital Management On The Performance Of Listed Companies In Nigeria:- Ali, Nwadimkpa K
ABSTRACT
There
have been cases of-working capital managementproblem in some Nigerian
corporatefirms especially in the manufacturing sector, which have resulted in
corporate distress. This brought to the fore need to provide empirical evidence
on the effect ofworking capital management on the performance of Nigerian
listed manufacturing firms. Four manufacturing firms listed in the Nigerian
stock market were selectedfor this study using the purposive sampling
technique. Data for the study were secondary sources extracted from the audited
annual reports ofthe selected firms for the ten (10) years covering 2009-2018
financial years. Preliminary analysis was conducted using descriptive
statistics of mean and standard deviation, meanwhile, the main analysis was
carried out using simple regression equation on the E-Views 10. Thefindingfrom
the review ofrelated literature and data analysis reveal that there is a
negative correlation between working capital management andprofitability ofthe
firms using cash conversion cycle also there is a negative but insignificant
effect on the profitability ofthefirms using debtors collectionperiod. It was
recommended to the management ofthe firms to manage the balance between its
collection period and maintain a restrictive credit policy and entrenched sound
practices on their overall operation.
0.0
ALI, A (2024). Effect Of Working Capital Management On The Performance Of Listed Companies In Nigeria:- Ali, Nwadimkpa K. Repository.mouau.edu.ng: Retrieved Nov 22, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-working-capital-management-on-the-performance-of-listed-companies-in-nigeria-ali-nwadimkpa-k-7-2
ALI, ALI. "Effect Of Working Capital Management On The Performance Of Listed Companies In Nigeria:- Ali, Nwadimkpa K" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 07 Aug. 2024, https://repository.mouau.edu.ng/work/view/effect-of-working-capital-management-on-the-performance-of-listed-companies-in-nigeria-ali-nwadimkpa-k-7-2. Accessed 22 Nov. 2024.
ALI, ALI. "Effect Of Working Capital Management On The Performance Of Listed Companies In Nigeria:- Ali, Nwadimkpa K". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 07 Aug. 2024. Web. 22 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-working-capital-management-on-the-performance-of-listed-companies-in-nigeria-ali-nwadimkpa-k-7-2 >.
ALI, ALI. "Effect Of Working Capital Management On The Performance Of Listed Companies In Nigeria:- Ali, Nwadimkpa K" Repository.mouau.edu.ng (2024). Accessed 22 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-working-capital-management-on-the-performance-of-listed-companies-in-nigeria-ali-nwadimkpa-k-7-2