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" Regression Analysis Between Working Capital Management and Profitability of Selected Nigerian Companies "
Uwaje, Collins I.
Davis, Robert
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Latin Dissertation
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| Language of Document
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English
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| Record Number
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1108783
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| Doc. No
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TLpq2468377758
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| Main Entry
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Davis, Robert
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Uwaje, Collins I.
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| Title & Author
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Regression Analysis Between Working Capital Management and Profitability of Selected Nigerian Companies\ Uwaje, Collins I.Davis, Robert
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| College
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Northcentral University
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| Date
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2020
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| student score
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2020
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| Degree
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Ph.D.
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| Page No
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160
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| Abstract
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Companies adopt an effective working capital management policy to be able to create shareholders' wealth. A plethora of studies exist on the individual component of working capital management. These components are accounts payable, accounts receivable, inventories, and cash conversion periods. Working capital involves managing a firm's short-term assets and its short-term liabilities with particular emphasis on cash flow management, inventory, receivables, short-term financing, and debt management. The purpose of this quantitative, correlative archival study was to review the relationships between risk, liquidity, and profitability of non-financial companies listed on the Nigerian Stock Exchange from 2014 to 2018. The problem that was addressed was the potential impact of risk on liquidity and profitability of selected non-financial companies listed on the Nigerian Stock Exchange for the period under study. The data for the study originated from the Nigerian Stock Exchange (NSE) website. Based on the study purpose, 150 stratified non-financial companies that met the sampling requirement were adopted. The study recognized three variables – risk, liquidity, and profitability. The Spearman rank correlation coefficient and t- distribution analysis were utilized to answer the research questions. The t-test result showed that the null hypothesis was accepted while the alternate hypothesis was rejected. The result showed that there was no significant difference between the risk, liquidity, and profitability of the companies during the period of this study. The study confirmed the previous studies on working capital management and profitability and made recommendations for practice and further research.
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Accounting
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Economics
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Finance
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