IMPACT OF WORKING CAPITAL MANAGEMENT ON FIRMS EFFICIENCY AND PROFITABILITY (A STUDY OF SELECTED COMPANIES IN PORT HARCOURT) | Blazingprojects Postgraduate Thesis
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IMPACT OF WORKING CAPITAL MANAGEMENT ON FIRMS EFFICIENCY AND PROFITABILITY (A STUDY OF SELECTED COMPANIES IN PORT HARCOURT)

 

Table Of Contents


Chapter ONE

INTRODUCTION

  • 1.1Introduction
  • 1.2Background of study
  • 1.3Problem Statement
  • 1.4Objective of study
  • 1.5Limitation of study
  • 1.6Scope of study
  • 1.7Significance of study
  • 1.8Structure of the research
  • 1.9Definition of terms

Chapter TWO

LITERATURE REVIEW

  • 2.1Overview of Working Capital Management
  • 2.2Importance of Working Capital
  • 2.3Theoretical Framework of Working Capital Management
  • 2.4Factors Influencing Working Capital Management
  • 2.5Relationship Between Working Capital Management and Firm Efficiency
  • 2.6Relationship Between Working Capital Management and Firm Profitability
  • 2.7Empirical Studies on Working Capital Management
  • 2.8Working Capital Management Strategies
  • 2.9Challenges in Working Capital Management
  • 2.10Best Practices in Working Capital Management

Chapter THREE

RESEARCH METHODOLOGY

  • 3.1Research Design
  • 3.2Research Methodology
  • 3.3Population and Sampling Techniques
  • 3.4Data Collection Methods
  • 3.5Data Analysis Techniques
  • 3.6Research Instrumentation
  • 3.7Ethical Considerations
  • 3.8Limitations of the Research

Chapter FOUR

DATA PRESENTATION AND ANALYSIS

  • 4.1Overview of Data Analysis
  • 4.2Presentation of Findings
  • 4.3Analysis of Working Capital Management Practices
  • 4.4Impact of Working Capital Management on Firm Efficiency
  • 4.5Impact of Working Capital Management on Firm Profitability
  • 4.6Comparison of Working Capital Management Strategies
  • 4.7Discussion on Empirical Results
  • 4.8Implications for Practice and Research

Chapter FIVE

SUMMARY, CONCLUSION AND RECOMMENDATIONS

  • 5.1Summary of Findings
  • 5.2Conclusions
  • 5.3Recommendations for Firms
  • 5.4Recommendations for Future Research
  • 5.5Final Remarks

Thesis Abstract

Working capital has been found to be an essential ingredient for the survival of a typical business organization. The way this is carried out could affect the profitability or effectiveness of the firm. This study was undertaken to investigate the ways company adopt to manage their working capital and the possible effect on the firm’s efficiency and profitability. Three (3) companies based in Port Harcourt were used as a study. Questionnaire copies were issued to management staff of these companies. Responses from these questionnaire provided the data for our analysis; Annual reports of these firms also provided the secondary data. To give the study a scientific focus, four (4) hypotheses were formulated and tested in the core areas of investigation. It was discovered in the study that most firms depend on the use of cash budget to determine the optimal cash to hold. Inability to use the cash models to determine the level of cash to shift to marketable securities and the possible balance to maintain at any particular period had rendered the working capital management ineffective in these firms. Based on the findings of this study, we recommended among others, that, firms in Nigeria should employ managers who are skilled on the use of financial models so as to be able to apply the necessary tools in the management of their working capital for effective result.


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