WORKING CAPITAL MANAGEMENT AND FIRMS PERFORMANCE A STUDY OF MANUFACTURING COMPANIES IN NIGERIA | Blazingprojects Postgraduate Thesis
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WORKING CAPITAL MANAGEMENT AND FIRMS PERFORMANCE A STUDY OF MANUFACTURING COMPANIES IN NIGERIA

 

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 Management
  • 2.3Theoretical Framework on Working Capital
  • 2.4Relationship between Working Capital Management and Firm Performance
  • 2.5Empirical Studies on Working Capital Management
  • 2.6Factors Influencing Working Capital Management
  • 2.7Best Practices in Working Capital Management
  • 2.8Challenges in Working Capital Management
  • 2.9Working Capital Management Strategies
  • 2.10Innovations in Working Capital Management

Chapter THREE

RESEARCH METHODOLOGY

  • 3.1Research Methodology Overview
  • 3.2Research Design and Approach
  • 3.3Data Collection Methods
  • 3.4Sampling Techniques
  • 3.5Data Analysis Methods
  • 3.6Research Ethics
  • 3.7Validity and Reliability
  • 3.8Limitations of the Research

Chapter FOUR

DATA PRESENTATION AND ANALYSIS

  • 4.1Overview of Findings
  • 4.2Analysis of Working Capital Management Practices
  • 4.3Impact of Working Capital Management on Firm Performance
  • 4.4Comparison of Findings with Existing Literature
  • 4.5Factors Influencing Working Capital Management in Manufacturing Companies
  • 4.6Recommendations for Improving Working Capital Management
  • 4.7Implications for Management Practices
  • 4.8Areas for Future Research

Chapter FIVE

SUMMARY, CONCLUSION AND RECOMMENDATIONS

  • 5.1Conclusion and Summary
  • 5.2Summary of Key Findings
  • 5.3Contributions to Knowledge
  • 5.4Practical Implications
  • 5.5Recommendations for Further Research

Thesis Abstract

This study investigated the relationship between working capital management measured by account receivable period (ACRP), inventory period (INVP), cash conversion cycle (CCC) and sales Growth (SG) and profitability performance measured by returns on assets (ROA). The study utilized secondary data obtained from the annual financial statements of Nigerian Manufacturing companies listed on the Nigerian Stock Exchange (NSE) for period 2008 – 2012. Multiple regression model were adopted for testing all the hypotheses and the study result reveals that there was a negative significant relationship between the account receivable period and profitability of the Nigerian Manufacturing companies. It also reveals that the profit is significantly influenced by the number of days inventory were held (INVP) and that the profitability performance negatively and significantly related to the cash conversion cycle (CCC). These results suggest that effective policies must be formulated for the individual components of working capital. Furthermore, efficient management and financing of working capital (current assets and liabilities) can increase the operating profitability of manufacturing firms.


Thesis Overview

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