Impact of Working Capital Management on Corporate Firm Growth
ABSTRACT
The aim of this study is
to analyze the effect of working capital management on corporate firm's
profitability. We identify problems inherent with the management of working
capital in corporate firm and ascertain the best possible ways of managing it.
In accordance with this aim, to consider statistically significant
relationships between firm profitability and working capital, a sample
consisting of Zenith Bank Pie for the period of 2006 - 201 0 has been analyzed
under correlation model. Empirical findings show that working capital
significantly and positively affect the profitability of Zenith Bank Pie. Among
the findings of the study include; poor internal control system, unqualified
finance officials, poor working capital managers and management etc. The
aforementioned problems can be reduced if; corporate firms employ competent and
experience financial managers, install a proper internal control systems and
giving working capital decisions priority amongst other things in corporate
firms
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ABBA, I (2022). Impact of Working Capital Management on Corporate Firm Growth. Repository.mouau.edu.ng: Retrieved Apr 20, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-working-capital-management-on-corporate-firm-growth-7-2
IKENNA, ABBA. "Impact of Working Capital Management on Corporate Firm Growth" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 13 Oct. 2022, https://repository.mouau.edu.ng/work/view/impact-of-working-capital-management-on-corporate-firm-growth-7-2. Accessed 20 Apr. 2024.
IKENNA, ABBA. "Impact of Working Capital Management on Corporate Firm Growth". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 13 Oct. 2022. Web. 20 Apr. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-working-capital-management-on-corporate-firm-growth-7-2 >.
IKENNA, ABBA. "Impact of Working Capital Management on Corporate Firm Growth" Repository.mouau.edu.ng (2022). Accessed 20 Apr. 2024. https://repository.mouau.edu.ng/work/view/impact-of-working-capital-management-on-corporate-firm-growth-7-2