IDEAS home Printed from https://ideas.repec.org/a/dug/journl/y2023i2p54-67.html
   My bibliography  Save this article

Working Capital Management and Corporate Performance of Deposit Money Banks in Nigeria

Author

Listed:
  • Olola Olayeye Aduwo

    (Achiever University Owo)

  • Ayomikun Elizabeth Aduwo

    (Achiever University Owo)

Abstract

This study examined the assessment of working capital management and corporate performance of Deposit Money Banks (DMB) in Nigeria. The study employed descriptive statistics to estimate the data for a period of ten (10) years. Secondary data was used in this study and it was selected from the financial report of the Nigerian Exchange Group (NSE) for the period ten (10) years (2009-2018). The study selected ten (10) out of the 22 listed deposit money banks in the Nigerian Exchange Group (NSE). The population for this study covered twenty-two (22) Nigerian Deposit Bank (DMB) quoted in the Nigerian Exchange Group (NEG). Ten (10) out of the twenty-two (22) listed banks were carefully selected. The study showed that borrowers’ collection period, creditors’ payment period and bank size have positive effect on Return on Asset except for bank cash conversion which has an insignificant effect; that bank cash conversion cycle, borrowers’ collection period, creditors’ payment period and bank size have significant positive effect on Return on Asset. It is concluded that all the components of working capital management has significance effect on the measures of corporate performance. Therefore, the study concluded the management of DMB should communicate the importance of working capital management to all stakeholders to aids optimal utilization within the Nigerian banks.

Suggested Citation

  • Olola Olayeye Aduwo & Ayomikun Elizabeth Aduwo, 2023. "Working Capital Management and Corporate Performance of Deposit Money Banks in Nigeria," EuroEconomica, Danubius University of Galati, issue 2(13), pages 54-67, August.
    • Handle: RePEc:dug:journl:y:2023:i:2:p:54-67
    as

    Download full text from publisher

    File URL: https://dj.univ-danubius.ro/index.php/JAM/article/view/2457/2554
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:dug:journl:y:2023:i:2:p:54-67. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Florian Nuta (email available below). General contact details of provider: https://edirc.repec.org/data/fedanro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.