Corporate Liquidity Driven Profitability: Evidence from Listed Manufacturing Firms in Nigeria

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dc.contributor.authorOhiaeri, N.V.
dc.contributor.authorOfuani, A.B.
dc.date.accessioned2022-01-21T14:56:28Z
dc.date.available2022-01-21T14:56:28Z
dc.date.issued2021
dc.descriptionScholarly articlesen_US
dc.description.abstractThis study examined the level at which corporate performance can be driven by active corporate liquidity management in the manufacturing sector of Nigeria. The study sought to unravel the relationship between active corporate liquidity management and profitability which has long presented a critical ground for debate among authors without reaching a consensus position .To this end, the study adopted expo-facto and inferential research designs with secondary panel and cross-sectional data generated from the Central Bank Statistical Bulletin and various annual reports of Nigerian quoted manufacturing firms. A sample size of fifteen listed manufacturing firms between 2013 and 2019 periods was selected by judgment and purposive sampling techniques. Data were analyzed with using panel data regression analysis, Hausman Test, and correlation coefficient matrix and descriptive statistical methods respectively. Findings revealed existence of positive relationship between the firms’ return on assets and corporate liquidity measures. The result to align with some previous findings, hence we hereby conclude that active corporate liquidity management can significantly drive corporate profitability in the manufacturing sector. Sequel to this finding, it is suggested that manufacturing firms in Nigeria should explore realistic working capital management policies as well as active liquidity management strategy that will adequate liquidity position and enhanced market value to the benefit of shareholders.en_US
dc.identifier.citationOhiaeri, N. V. & Ofuani, A. B. (2021). Corporate liquidity driven profitability: evidence from listed manufacturing firms in Nigeria. Unilag Journal of Business, Department Business Administration, University of Lagos, Vol. 7 (2).en_US
dc.identifier.urihttps://ir.unilag.edu.ng/handle/123456789/10664
dc.language.isoenen_US
dc.publisherUnilag Journal of Business, Department of Business Administration, University of Lagos, Akoka - Yaba, Lagosen_US
dc.subjectCorporate liquidityen_US
dc.subjectProfitabilityen_US
dc.subjectManufacturingen_US
dc.subjectRelationshipen_US
dc.subjectResearch Subject Categories::SOCIAL SCIENCESen_US
dc.titleCorporate Liquidity Driven Profitability: Evidence from Listed Manufacturing Firms in Nigeriaen_US
dc.typeArticleen_US
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