期刊名称：Izvestiya: Journal of Varna University of Economics
印刷版ISSN：2367-6361
电子版ISSN：2367-6957
出版年度：2018
期号：3-4
页码：1-19
出版社：University of Economics Varna
摘要：The paper investigates the effect of working capital management practices on
profitability of twenty-five Nigerian listed non-financial firms between
financial years, 2010 and 2016. Pooled ordinary least squares (POLS) and
Random effects generalised least squares (REGLS) were employed as data
analytical tools. Result indicates that three of the components of working
capital management practices (average collection period, inventory turnover
period and cash conversion cycle) have significant influence on profitability
of Nigerian firms. It therefore suggests that proper management of
components of working capital is a means by which profitability and
shareholders’ value can be increased. The outcome provides empirical
evidence that Nigerian firms used aggressive policy as a working capital
management practice in achieving organisational success during the period of
study.
关键词：Aggressive policy;
Cash conversion cycle;
Nigeria; Profitability;
Working capital;
