Effect of Working Capital Management on Profitability: A Case of Listed Manufacturing Firms in Nigeria

Dr. Samuel Adebayo Olaoye, Dr. Abolade Francis Akintola and Adeyemi Samson Ogundipe
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Dr. Samuel Adebayo Olaoye: Department of Accounting, Babcock University, Ilishan-Remo, Ogun-State, Nigeria
Dr. Abolade Francis Akintola: Department of Banking and Finance, Babcock University, Ilishan-Remo, Ogun-State, Nigeria
Adeyemi Samson Ogundipe: Department of Banking and Finance, Babcock University, Ilishan-Remo, Ogun-State, Nigeria

International Journal of Research and Scientific Innovation, 2019, vol. 3, issue 11, 230-238

Abstract: The purpose of this study was to determine the impact of working capital management on profitability of selected quoted Nigeria manufacturing companies from 2006-2015. Secondary data was obtained to investigate relationship between working capital management and profitability. Panel data methodology similar to Sharma and Kumar (2011) was employed in this study. The results showed positive significant relationship between working capital management and profitability. This means that efficient management of working capital will increase profitability.

Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:bjc:journl:v:3:y:2019:i:11:p:230-238

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