Working Capital Management and Profitability of Listed Manufacturing Firms in Nigeria

Olaoye, Samuel Adebayo and Okunade, Richard Adeleye (2020) Working Capital Management and Profitability of Listed Manufacturing Firms in Nigeria. Journal of Economics, Management and Trade, 26 (7). pp. 63-69. ISSN 2456-9216

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Abstract

This study observed the link amid working capital management and profitability of quoted manufacturing firms in Nigeria. Using panel methodology, this study discovered a significant influence of working capital management (ITID, CPP & ACP) on profitability of listed manufacturing firms in Nigeria. Although, creditors payment period shows a significant impact on profitability while inventory turnover days and account receivables period were insignificant. This study recommends that well managed CPP over time would be a plus for manufacturing entities, to enhance their financial performance.

Item Type: Article
Subjects: Open Research Librarians > Social Sciences and Humanities
Depositing User: Unnamed user with email support@open.researchlibrarians.com
Date Deposited: 06 Mar 2023 11:15
Last Modified: 20 Feb 2024 04:11
URI: http://stm.e4journal.com/id/eprint/236

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