Impact Of Credit Management On The Profitability Of Manufacturing Firms In Nigeria (A Study Of Star Paper Mill Ltd And Glass Industry, Aba)
ABSTRACT
The focus of this research project is the
Impact of credit management on the profitability of manufacturing firms in
Nigeria. A review of related literature was extensively made in Chapter Two of
the work to cover the relevant aspects of the topic. In this regard, the
empirical studies carried out by other researchers were assembled to
comprehensively address this issue. The population sample size of the study is
220, which is fully representative of the research population. The instruments
used in data collection for the purpose of this study comprised the following:
the questionnaire, personal interview, observations, textbooks, seminar papers,
articles and the internet. Two of the findings made from the study are stated
thus: (1) A firm's credit policy has a significant effect on its profitability.
(2)The expansion of trade credit has a significant effect on the firm's
liquidity position. In addition, two of the recommendations advanced for the
purpose of improving the operational performance of manufacturing firms through
credit management are: (1) Sound financial managers should be engaged by
manufacturing firms to ensure proper management of their credit sales. (2) The
average collection period of debts should not be more than the industry set
standard.
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NWOKORO, K (2021). Impact Of Credit Management On The Profitability Of Manufacturing Firms In Nigeria (A Study Of Star Paper Mill Ltd And Glass Industry, Aba). Repository.mouau.edu.ng: Retrieved Nov 26, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-credit-management-on-the-profitability-of-manufacturing-firms-in-nigeria-a-study-of-star-paper-mill-ltd-and-glass-industry-aba-7-2
KINGSLEY, NWOKORO. "Impact Of Credit Management On The Profitability Of Manufacturing Firms In Nigeria (A Study Of Star Paper Mill Ltd And Glass Industry, Aba)" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 30 Jun. 2021, https://repository.mouau.edu.ng/work/view/impact-of-credit-management-on-the-profitability-of-manufacturing-firms-in-nigeria-a-study-of-star-paper-mill-ltd-and-glass-industry-aba-7-2. Accessed 26 Nov. 2024.
KINGSLEY, NWOKORO. "Impact Of Credit Management On The Profitability Of Manufacturing Firms In Nigeria (A Study Of Star Paper Mill Ltd And Glass Industry, Aba)". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 30 Jun. 2021. Web. 26 Nov. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-credit-management-on-the-profitability-of-manufacturing-firms-in-nigeria-a-study-of-star-paper-mill-ltd-and-glass-industry-aba-7-2 >.
KINGSLEY, NWOKORO. "Impact Of Credit Management On The Profitability Of Manufacturing Firms In Nigeria (A Study Of Star Paper Mill Ltd And Glass Industry, Aba)" Repository.mouau.edu.ng (2021). Accessed 26 Nov. 2024. https://repository.mouau.edu.ng/work/view/impact-of-credit-management-on-the-profitability-of-manufacturing-firms-in-nigeria-a-study-of-star-paper-mill-ltd-and-glass-industry-aba-7-2