Home / Accounting / WORKING CAPITAL MANAGEMENT AND FIRMS PERFORMANCE A STUDY OF MANUFACTURING COMPANIES IN NIGERIA

WORKING CAPITAL MANAGEMENT AND FIRMS PERFORMANCE A STUDY OF MANUFACTURING COMPANIES IN NIGERIA

 

Table Of Contents


Chapter ONE

1.1 Introduction
1.2 Background of Study
1.3 Problem Statement
1.4 Objective of Study
1.5 Limitation of Study
1.6 Scope of Study
1.7 Significance of Study
1.8 Structure of the Research
1.9 Definition of Terms

Chapter TWO

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

Chapter THREE

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

Chapter FOUR

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

Chapter FIVE

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