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
- 2.3Factors influencing Working Capital Management
- 2.4Working Capital Management Techniques
- 2.5Relationship between Working Capital and Firm Performance
- 2.6Empirical Studies on Working Capital Management
- 2.7Challenges in Working Capital Management
- 2.8Working Capital Management in Manufacturing Companies
- 2.9Best Practices in Working Capital Management
- 2.10Innovations in Working Capital Management
Chapter THREE
RESEARCH METHODOLOGY
- 3.1Research Design
- 3.2Data Collection Methods
- 3.3Sampling Techniques
- 3.4Data Analysis Methods
- 3.5Research Instruments
- 3.6Ethical Considerations
- 3.7Reliability and Validity
- 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
- 4.4Relationship between Working Capital and Performance
- 4.5Comparison with Industry Benchmarks
- 4.6Impact of Working Capital Management on Profitability
- 4.7Working Capital Efficiency Ratios
- 4.8Recommendations for Improvement
Chapter FIVE
SUMMARY, CONCLUSION AND RECOMMENDATIONS
- 5.1Conclusion
- 5.2Summary of Findings
- 5.3Implications for Management
- 5.4Contributions to Knowledge
- 5.5Recommendations for Future Research
Project Abstract
<p> </p><p>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.<br></p> <br><p></p>
Project Overview