Working Capital Management and Financial Performance of Selected Quoted Firms in Nigeria

Yakubu Abubakar, Dangana Umaru and Olaifa Oluwafemi Olumuyiwa
Additional contact information
Yakubu Abubakar: Gbenga Olowe & Co Chartered Accountants Firm
Dangana Umaru: College of Education, Gidan Waya, Nigeria
Olaifa Oluwafemi Olumuyiwa: Department of Accounting, Ahmadu Bello University, Zaria, Nigeria

International Journal of Research and Scientific Innovation, 2020, vol. 7, issue 4, 62-67

Abstract: This study examines the impact of Working Capital Management on Financial performance of selected quoted firms in Nigeria. The study has been conducted in different parts of the globe and in Nigeria with different findings which are mixed and inconclusive. The population of the study consists of ten (10) firms quoted on the Nigerian stock exchange as at 31st December 2019 out of which ten (10) firms were selected as samples for a period of seven (11) years from 2009 to 2019 based on purposeful sampling technique. The study uses multiple regressions as a tool for analysis. The proxy for working capital management were cash conversion period, debt equity ratio and inventory conversion period while the proxy for financial performance was Return on Equity (ROE).The study reveals that Cash Conversion Cycle showed a positive significant impact on financial performance of selected quoted firms in Nigeria while Debt Equity Ratio and Inventory Conversion Period have no significant impact on financial performance of selected quoted firms in Nigeria.

Date: 2020
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.rsisinternational.org/journals/ijrsi/d ... -7-issue-4/62-67.pdf (application/pdf)
https://www.rsisinternational.org/virtual-library/ ... ed-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:bjc:journl:v:7:y:2020:i:4:p:62-67

Access Statistics for this article

International Journal of Research and Scientific Innovation is currently edited by Dr. Renu Malsaria

More articles in International Journal of Research and Scientific Innovation from International Journal of Research and Scientific Innovation (IJRSI)
Bibliographic data for series maintained by Dr. Renu Malsaria ().