Effect of Management Techniques and Financial Performance of Listed Manufacturing Firms in Nigeria

Adewale John. Akintunde, Isaac, Ph.D. Lambe, and Emmanuel Kayode, Ph.D. Daniel,
Additional contact information
Adewale John. Akintunde: Department of Accounting, Faculty of Administration, Bingham University, Karu, Nasarawa State – Nigeria
Isaac, Ph.D. Lambe,: Department of Accounting, Faculty of Administration, Bingham University, Karu, Nasarawa State – Nigeria
Emmanuel Kayode, Ph.D. Daniel,: Department of Accounting, Faculty of Administration, Bingham University, Karu, Nasarawa State – Nigeria

International Journal of Research and Innovation in Social Science, 2024, vol. 8, issue 2, 1912-1937

Abstract: The business world is getting more and more competitive on a global scale, and companies are coming up with innovative, effective ways to manage their operations in order to keep operating expenses to a minimum and boost performance through higher profits. As a consequence of the aforementioned, this research looked at the financial performance and cost-management techniques of listed Nigerian manufacturing companies. In order to accomplish these goals, a longitudinal research design was used. Thirty (30) carefully chosen listed manufacturing companies that had continuously released their audited annual financial reports between 2008 and 2022 were included in the study. The data were analysed using the panel multiple regression technique with the aid of statistical tools (E-view 10). The results of the study indicated that the financial performance of listed Nigerian manufacturing firms was negatively and marginally impacted by prime cost and absorption costs. The study came to the conclusion that prime cost and absorption expenses had no appreciable impact on financial performance in the context of Nigerian listed manufacturing enterprises. This conclusion suggests that manufacturing companies look at their whole cost structure to find places where costs can be reduced without sacrificing product quality. This could entail renegotiating contracts with suppliers, putting cost-cutting initiatives in place, or looking into different sourcing tactics.

Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.rsisinternational.org/journals/ijriss/ ... ssue-2/1912-1937.pdf (application/pdf)
https://www.rsisinternational.org/journals/ijriss/ ... ng-firms-in-nigeria/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bcp:journl:v:8:y:2024:i:2:p:1912-1937

Access Statistics for this article

International Journal of Research and Innovation in Social Science is currently edited by Dr. Nidhi Malhan

More articles in International Journal of Research and Innovation in Social Science from International Journal of Research and Innovation in Social Science (IJRISS)
Bibliographic data for series maintained by Dr. Pawan Verma ().