ABSTRACT
The objective of this study is to
examine and evaluate Effect of Effective Cash Management on Corporate
Performance, Procedures and Techniques adopted in commercial banks. To achieve
this, current literature on various aspects of cash management, cash planning,
collection and disbursement within the framework of Union Banks were
considered. The major focus of the research was to evaluate from the sampled
Bank, effect of effective cash management, its attractiveness and advantages.
Effective cash management has been a parameter in the growth and development of
financial institutions ie: commercial banks. It is on this role that the
research evaluates the parameters with Union Bank Plc as the case study.
Statistical instruments were used as bases for the research methodology and the
data collection method are Questionnaire, Personal interviews and personal knowledge
of the researcher. In the course of conducting the research on effect of
effective cash management on corporate performance, it was found that liquidity
profitability and output maximization is the main objective behind the
formation of commercial banks. In the above regard, cash is the oil lubricates
the wheel of any business and that commercial banks are bound to fail if there
is no efficient cash -management. However, it is recommended that before any
disbursement is made, comparism should be made between the cost and I benefit,
establishment of separate department charged with the responsibility of
receiving and disbursing cash and records thereof, chief financial manager must
guarantee cash when required etc.
UGORJI, C (2021). Effect Of Effective Cash Management On Corporate Performance (A Study Of Union Bank Plc.). Mouau.afribary.org: Retrieved Nov 01, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-effective-cash-management-on-corporate-performance-a-study-of-union-bank-plc-7-2
CHISOM, UGORJI. "Effect Of Effective Cash Management On Corporate Performance (A Study Of Union Bank Plc.)" Mouau.afribary.org. Mouau.afribary.org, 12 Aug. 2021, https://repository.mouau.edu.ng/work/view/effect-of-effective-cash-management-on-corporate-performance-a-study-of-union-bank-plc-7-2. Accessed 01 Nov. 2024.
CHISOM, UGORJI. "Effect Of Effective Cash Management On Corporate Performance (A Study Of Union Bank Plc.)". Mouau.afribary.org, Mouau.afribary.org, 12 Aug. 2021. Web. 01 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-effective-cash-management-on-corporate-performance-a-study-of-union-bank-plc-7-2 >.
CHISOM, UGORJI. "Effect Of Effective Cash Management On Corporate Performance (A Study Of Union Bank Plc.)" Mouau.afribary.org (2021). Accessed 01 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-effective-cash-management-on-corporate-performance-a-study-of-union-bank-plc-7-2