THE EFFECT OF LIQUIDITY MANAGEMENT ON FINANCIAL PERFORMANCE OF SELECTED LISTED FOOD AND BEVERAGE FIRMS IN NIGERIA
Article Abstract
This study was embarked upon to investigate the effect of liquidity management on financial performance of listed foods and beverage firms in Nigeria. The study adopted an ex-post-facto research design and secondary data was gathered to analyze the relationship between the variables. The population of the study consisted on twenty-one (21) food beverages firms listed on the NSE, however, only eight (8) samples were selected from the population. The data was collected from their annual financial report covering a period of ten (10) years (2010-2019). The collected data were analyzed using Ordinary Least Square (OLS) regression analysis. From the results of the findings, it was revealed that the cash conversion cycle has positive and significant effect on financial performance of listed food and beverage firms in Nigeria (p
Indexed Terms
Liquidity Management
Foods and Beverages firms
Cash Conversion
Acid Test Ratio
Liquid Test Ratio
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How to Cite this Article
Adekanmi, Aderemi Daniel, Odewole, Philip, Olawale, Adeoye, Ebunoluwa Tokunbo. "THE EFFECT OF LIQUIDITY MANAGEMENT ON FINANCIAL PERFORMANCE OF SELECTED LISTED FOOD AND BEVERAGE FIRMS IN NIGERIA." KIU Interdisciplinary Journal of Humanities and Social Sciences , vol. 3 , no. 1 , 2022 , pp. 325-345