• WORKING CAPITAL MANAGEMENT AND FIRMS PERFORMANCE
    [A STUDY OF MANUFACTURING COMPANIES IN NIGERIA]


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    • ABSRACT - [ Total Page(s): 1 ]This study investigated the relationship between working capital management measured by account receivable period (ACRP), inventory period (INVP), cash conversion cycle (CCC) and sales Growth (SG) and profitability performance measured by returns on assets (ROA). The study utilized secondary data obtained from the annual financial statements of Nigerian Manufacturing companies listed on the Nigerian Stock Exchange (NSE) for period 2008 – 2012. Multiple regression model were adopted for testing all the hypotheses and the study result reveals that there was a negative significant relationship ... Continue Reading

         

      CHAPTER ONE - [ Total Page(s): 3 ]REFERENCESAfza, T. and Nazir, M. (2009). “Impact of aggressive working capital management policy on firm’s profitability”. The IUP Journal of Applied Finance, 15 (8), 20 – 30.Akinsulire, O. (2005). Financial management. Lagos: El-Toda Ventures.Deloof, M. (2003). “Does working capital management affect profitability of Belgium firms”? Journal of Business Finance and Accounting, 30 (3), 573-588.Falope, O.I. and Ajilore, O.T. (2009). “Working capital management and corporate profitability: Evidence from Panel Data Analysis of selected quoted companies in Nigeria”. Research Journal ... Continue Reading