Babayemi, O. and Olokoyo, F. O. (2017) AN ASSESSMENT OF WORKING CAPITAL MANAGEMENT ON PERFORMANCE OF NIGERIAN LISTED PETROLEUM FIRMS. In: CUCEN 2017, Covenant University, Ota.
![[img]](http://eprints.covenantuniversity.edu.ng/style/images/fileicons/application_pdf.png) |
PDF
Download (824kB) |
Abstract
In this study, we empirically investigate the effect of working capital management on performance of Nigeria listed Petroleum firms. We hypothesize that Working capital management does not have significant influence on the financial profitability of Nigerian quoted petroleum companies. Our data set consist of petroleum firms listed in the Nigeria Stock Exchange for the period 2010-2015. Using Panel regression analysis, results indicate that the cash conversion cycle and all its major components; namely, inventory turnover in days, payable turnover in days and receivable turnover in days – are associated with the firm’s profitability though some strongly does while others partially does. The results of this study should be of great importance to managers and major stakeholders, such as investors, creditors, and financial analysts.
| Item Type: | Conference or Workshop Item (Paper) |
|---|---|
| Subjects: | H Social Sciences > HG Finance |
| Divisions: | Faculty of Law, Arts and Social Sciences > School of Management |
| Depositing User: | Mr Adewole Adewumi |
| Date Deposited: | 05 Mar 2018 18:46 |
| Last Modified: | 05 Mar 2018 18:46 |
| URI: | http://eprints.covenantuniversity.edu.ng/id/eprint/10332 |
Actions (login required)
 |
View Item |
