Year: 2015
Type: article
Abstract: This study examines the relationship between working capital management and firms ’ profitability of twenty-five Nigerian quoted companies for the seven-year period 2005-2011. Data used in the study were sourced from audited financial statements of the companies. Multiple Regression analysis was used to analyze the data and results showed a negative relationship between working capital management (Cash Conversion Cycle) and firm profitability (ROA). This finding is consistent with prior empirical studies and provides evidence in support of aggressive policy of working capital management.
Authors: Akindele Jamiu A, Ayokunle O. Odusina
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2992194946