ABSTRACT
This study sought to explore the Impact of Cash Management on Corporate FertOrmances of
Deposit Money Banks in Nigeria. The target population was all the Deposit Money Banks in
Nigeria out of which one bank (Union Bank of Nigeria) was selected. The study used simple
random technique to select the targeted bank. This study adopted ex post facto design in
soliciting information on Impact of Cash Management on Corporate Performances of Deposit
Money Banks in Nigeria. Secondary quantitative data was collected from the Central bank of
Nigeria (CBN) Statistical Bulletin. The data collected was analysed ii'iih respect to the s/I/cl)
objectives, using simple regression on Statistical Packages for Social Sciences (SPSS,) version
20.0. The researcher concluded that cash management is an important aspect of
management function and its importance cannot be over-emphasized and shortage or bad
management of cash may result in loss of cash discount, loss of reputation due to non-
payment of obligation on due dates and insolvency which may result in operational shut
down of the company as the study revealed that there is a strong positive relationship
between cash management and gross earning, profit after tax and investment in deposit
money banks. Jr also recommended that there is need for banks to introduce cash
management controls that will be applied across all the banking sector as this will
contribute to better financial performance in the sector and also there is need for the
banks to operate within the cash reserve ratio limit as this will make them buoyant via
increased gross earnings, profit after tax and viable investments.
NJOKU, C (2021). Impact Of Cash Management On Corporate Performances Of Deposit Money Banks In Nigeria. (A Case Study Of Union Bank Of Nigeria Plc). Mouau.afribary.org: Retrieved Oct 31, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-cash-management-on-corporate-performances-of-deposit-money-banks-in-nigeria-a-case-study-of-union-bank-of-nigeria-plc-7-2
CHISOM, NJOKU. "Impact Of Cash Management On Corporate Performances Of Deposit Money Banks In Nigeria. (A Case Study Of Union Bank Of Nigeria Plc)" Mouau.afribary.org. Mouau.afribary.org, 09 Jun. 2021, https://repository.mouau.edu.ng/work/view/impact-of-cash-management-on-corporate-performances-of-deposit-money-banks-in-nigeria-a-case-study-of-union-bank-of-nigeria-plc-7-2. Accessed 31 Oct. 2024.
CHISOM, NJOKU. "Impact Of Cash Management On Corporate Performances Of Deposit Money Banks In Nigeria. (A Case Study Of Union Bank Of Nigeria Plc)". Mouau.afribary.org, Mouau.afribary.org, 09 Jun. 2021. Web. 31 Oct. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-cash-management-on-corporate-performances-of-deposit-money-banks-in-nigeria-a-case-study-of-union-bank-of-nigeria-plc-7-2 >.
CHISOM, NJOKU. "Impact Of Cash Management On Corporate Performances Of Deposit Money Banks In Nigeria. (A Case Study Of Union Bank Of Nigeria Plc)" Mouau.afribary.org (2021). Accessed 31 Oct. 2024. https://repository.mouau.edu.ng/work/view/impact-of-cash-management-on-corporate-performances-of-deposit-money-banks-in-nigeria-a-case-study-of-union-bank-of-nigeria-plc-7-2