Effect of Cash Conversion Cycle on Firm Performance of Quoted Manufacturing Firms in Nigeria
Chude, Nkiru Patricia, Chude, Daniel Izuchukwu
Journal of Economics, Management and Trade · pp. 142–152 · Published 28 Nov 2022
10.9734/jemt/2022/v28i111063Abstract
This study examines the effect of the cash conversion cycle (CCC) on the firm performance of quoted manufacturing firms in Nigeria. The study adopted the ex-post facto research design. The sample comprised twenty-one quoted manufacturing companies on the Nigerian Stock Exchange selected using the purposive sampling technique. The study relied on secondary data which was analysed using multiple regression techniques. The results showed that CCC had a negative non-significant effect on return on assets (ROA) and return on equity (ROE). Additionally, Generalised Least Squares were used to test for individual components of the CCC effect on ROA and ROE. The study recommends that managers pay crucial attention to the working capital components and the utilisation of technological breakthroughs, such as the Advanced Manufacturing Techniques as it affects the value of the firm.
Cited by 3
Soneye, A. A., Yahaya-Bambale, A., Jolayemi, I. T. · African Journal of Economics and Sustainable Development · 2024
Gwatako Tago, Sadiki Sumawe · International Journal of Economics, Finance and Management Sciences · 2024
Amneh Hamad, Amneh Alkurdi, Majd Iskandrani · Corporate and Business Strategy Review · 2026
Related research
- First Trimester Fasting Blood Glucose as a Screening Tool for Diabetes Mellitus in a Teaching Hospital Setting in Nigeria — shares topic coverage
- The Nature and Complications of Acute Traumatic Cervical Spinal Cord Injury in a University Hospital in Nigeria — shares topic coverage
- Musculoskeletal Complications of Sickle Cell Anaemia and Their Management Approaches in Makurdi, Nigeria — shares topic coverage
- Work-related Musculoskeletal Disorders among Radiologists in Nigeria — shares topic coverage
- The Skills of Cardiopulmonary Resuscitation in Some Professional and Student Teachers Compared — shares topic coverage
Article metrics
Real usage data collected on this platform.
0
Page views
0
PDF downloads
0
Outbound clicks
3
Citations
Views by country
Approximate, from request IP at view time — not citizenship or institution. Countries with fewer than 5 views are grouped as "Other".
No views recorded yet.
Traffic sources
Referring site, by host.
No traffic recorded yet.
Views and downloads exclude known bots/crawlers. Citations combines this platform's own DOI-resolved index with each external source's own reported total — see Cited by above for individually listed citing works. Last refreshed 0 seconds ago.