Impact Of Working Capital Management On The Growth Of Corporate Organizations In Nigeria (A Study Of Selected Banks In Abia State)
ABSTRACT
Firm 's smooth
day-to-day organizational operation is a function of an effective working
capital management. And a firm 's profitability and growth is dependent on the
daily smooth running of its operations. This research was carried out to
empirically investigate the impact of the working capital management of Zenith
bank plc, Eco bank p/c and Stanblic IBTC bank plc in Abia state on their
corporate growth. To achieve this objective, two models were specfled for the
study. One model was estimated using ordinary least square (OLS) regression
technique, while the other one was analysed using correlation analysis. The
outcome of both analysis indicated that working capital was a direct and significant
function of profitability. Recommendations made were that there was need for
every corporate organization to have an effective working capital management in
place, organizations should acquire working capital management accounting
software, and there should be an effective assets mix in the working capital
portfolio of an organization.
0.0
IGBOKWE, C (2021). Impact Of Working Capital Management On The Growth Of Corporate Organizations In Nigeria (A Study Of Selected Banks In Abia State). Mouau.afribary.org: Retrieved Nov 29, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-working-capital-management-on-the-growth-of-corporate-organizations-in-nigeria-a-study-of-selected-banks-in-abia-state-7-2
CHIDINMA, IGBOKWE. "Impact Of Working Capital Management On The Growth Of Corporate Organizations In Nigeria (A Study Of Selected Banks In Abia State)" Mouau.afribary.org. Mouau.afribary.org, 29 Nov. 2021, https://repository.mouau.edu.ng/work/view/impact-of-working-capital-management-on-the-growth-of-corporate-organizations-in-nigeria-a-study-of-selected-banks-in-abia-state-7-2. Accessed 29 Nov. 2024.
CHIDINMA, IGBOKWE. "Impact Of Working Capital Management On The Growth Of Corporate Organizations In Nigeria (A Study Of Selected Banks In Abia State)". Mouau.afribary.org, Mouau.afribary.org, 29 Nov. 2021. Web. 29 Nov. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-working-capital-management-on-the-growth-of-corporate-organizations-in-nigeria-a-study-of-selected-banks-in-abia-state-7-2 >.
CHIDINMA, IGBOKWE. "Impact Of Working Capital Management On The Growth Of Corporate Organizations In Nigeria (A Study Of Selected Banks In Abia State)" Mouau.afribary.org (2021). Accessed 29 Nov. 2024. https://repository.mouau.edu.ng/work/view/impact-of-working-capital-management-on-the-growth-of-corporate-organizations-in-nigeria-a-study-of-selected-banks-in-abia-state-7-2