Staff View: The relationship between working capital management and financial performance of public listed companies in Nigeria / Ibrahim Shuayb Kademi and Norhayati Alias

The relationship between working capital management and financial performance of public listed companies in Nigeria / Ibrahim Shuayb Kademi and Norhayati Alias

Working capital management plays an important role on corporate finance and has a considerable impact on profitability and financial performance. This aim of this study is to examine the relationship between working capital management and financial performance of public listed manufacturing companie...

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Main Authors:	Kademi, Ibrahim Shuayb, Alias, Norhayati
Format:	Book Section
Language:	English
Published:	Faculty of Accountancy 2019
Subjects:	Theory. Method. Relation to other subjects. Performance Financial management. Business finance. Corporation finance Profits. Corporate profits
Online Access:	http://ir.uitm.edu.my/id/eprint/44372/1/44372.pdf http://ir.uitm.edu.my/id/eprint/44372/
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id	my.uitm.ir.44372
record_format	eprints
spelling	my.uitm.ir.443722021-04-12T10:02:53Z http://ir.uitm.edu.my/id/eprint/44372/ The relationship between working capital management and financial performance of public listed companies in Nigeria / Ibrahim Shuayb Kademi and Norhayati Alias Kademi, Ibrahim Shuayb Alias, Norhayati Theory. Method. Relation to other subjects. Performance Financial management. Business finance. Corporation finance Profits. Corporate profits Working capital management plays an important role on corporate finance and has a considerable impact on profitability and financial performance. This aim of this study is to examine the relationship between working capital management and financial performance of public listed manufacturing companies in Nigeria. This research is based on a sample of 18 manufacturing companies listed on the Nigeria Stock Exchange (NSE) for the period of 5 years (2013 - 2017). Data was collected from Thomas data stream and annual report and are analyzed using Statistical Package for Social Sciences (SPSS). Cash Conversion Cycle and its component were used as a measure of working capital management and Return on Assets used as a measure for financial performance. The results of the general linear regression analysis found a significant positive relationship between Account Payable Period and profitability. This implies that an increase in the numbers days account payable is associated with increase in profitability. The second findings of the regression model found that account receivable is negative and not significant with profitability, this means that any decrease of numbers of days to collect sale from customers is associated with decrease in the amount of profit that will be generate by these firms. However, the third findings of this study found a non-significant negative relationship between Inventory conversion period and profitability, therefore, for manufacturing companies to generate more profit in their operation, there is need for them to ensure that they convert their stock into sales in a very short period of times. And the final result of this study found a non-significant negative relationship between cash conversion circle and profitability. Faculty of Accountancy 2019 Book Section PeerReviewed text en http://ir.uitm.edu.my/id/eprint/44372/1/44372.pdf Kademi, Ibrahim Shuayb and Alias, Norhayati (2019) The relationship between working capital management and financial performance of public listed companies in Nigeria / Ibrahim Shuayb Kademi and Norhayati Alias. In: ICAM2019 – International Conference on Accounting and Management. Faculty of Accountancy, Universiti Teknologi MARA Puncak Alam, Selangor, p. 131. ISBN 978-967-17038-0-9
institution	Universiti Teknologi Mara
building	Tun Abdul Razak Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	Universiti Teknologi Mara
content_source	UiTM Institutional Repository
url_provider	http://ir.uitm.edu.my/
language	English
topic	Theory. Method. Relation to other subjects. Performance Financial management. Business finance. Corporation finance Profits. Corporate profits
spellingShingle	Theory. Method. Relation to other subjects. Performance Financial management. Business finance. Corporation finance Profits. Corporate profits Kademi, Ibrahim Shuayb Alias, Norhayati The relationship between working capital management and financial performance of public listed companies in Nigeria / Ibrahim Shuayb Kademi and Norhayati Alias
description	Working capital management plays an important role on corporate finance and has a considerable impact on profitability and financial performance. This aim of this study is to examine the relationship between working capital management and financial performance of public listed manufacturing companies in Nigeria. This research is based on a sample of 18 manufacturing companies listed on the Nigeria Stock Exchange (NSE) for the period of 5 years (2013 - 2017). Data was collected from Thomas data stream and annual report and are analyzed using Statistical Package for Social Sciences (SPSS). Cash Conversion Cycle and its component were used as a measure of working capital management and Return on Assets used as a measure for financial performance. The results of the general linear regression analysis found a significant positive relationship between Account Payable Period and profitability. This implies that an increase in the numbers days account payable is associated with increase in profitability. The second findings of the regression model found that account receivable is negative and not significant with profitability, this means that any decrease of numbers of days to collect sale from customers is associated with decrease in the amount of profit that will be generate by these firms. However, the third findings of this study found a non-significant negative relationship between Inventory conversion period and profitability, therefore, for manufacturing companies to generate more profit in their operation, there is need for them to ensure that they convert their stock into sales in a very short period of times. And the final result of this study found a non-significant negative relationship between cash conversion circle and profitability.
format	Book Section
author	Kademi, Ibrahim Shuayb Alias, Norhayati
author_facet	Kademi, Ibrahim Shuayb Alias, Norhayati
author_sort	Kademi, Ibrahim Shuayb
title	The relationship between working capital management and financial performance of public listed companies in Nigeria / Ibrahim Shuayb Kademi and Norhayati Alias
title_short	The relationship between working capital management and financial performance of public listed companies in Nigeria / Ibrahim Shuayb Kademi and Norhayati Alias
title_full	The relationship between working capital management and financial performance of public listed companies in Nigeria / Ibrahim Shuayb Kademi and Norhayati Alias
title_fullStr	The relationship between working capital management and financial performance of public listed companies in Nigeria / Ibrahim Shuayb Kademi and Norhayati Alias
title_full_unstemmed	The relationship between working capital management and financial performance of public listed companies in Nigeria / Ibrahim Shuayb Kademi and Norhayati Alias
title_sort	relationship between working capital management and financial performance of public listed companies in nigeria / ibrahim shuayb kademi and norhayati alias
publisher	Faculty of Accountancy
publishDate	2019
url	http://ir.uitm.edu.my/id/eprint/44372/1/44372.pdf http://ir.uitm.edu.my/id/eprint/44372/
_version_	1696979107644964864
score	13.211869

The relationship between working capital management and financial performance of public listed companies in Nigeria / Ibrahim Shuayb Kademi and Norhayati Alias

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