Authors :
Mopho July Philip; Ifurueze M.S; Ven. Dr. J.K.J. Onuora; Dr. N.T. Ofor
Volume/Issue :
Volume 7 - 2022, Issue 6 - June
Google Scholar :
https://bit.ly/3IIfn9N
Scribd :
https://bit.ly/3yHEyGy
DOI :
https://doi.org/10.5281/zenodo.6839276
Abstract :
This research work examines effects of
Liquidity management on firm’s corporate financial
performance. This research study used ex-post-facto
research design and stratify random sampling
techniques to select ten out of twelve oil and gas sector
firms listed in Nigerian stock Exchange(NSE), selecting
and Appling the secondary data sorted from the annual
financial reports of quoted oil and gas companies in
Nigeria. And data collected were effectively analyzed
using descriptive statistics techniques, correlation
analysis and ordinary least square regression. The
detailed research findings shows that the firms Liquidity
management has a positive and significant impacts on
corporate financial performance of the companies
Quoted Nigeria oil and gas sector firms. The results from
the findings also revealed that Current ratio, Accounts
receivables significantly and positively influence firm’s
corporate performance while cash conversion circle and
quick ratios shows negative, significant effects on firm’s
corporate performance of the firms under review. Base
on the finding, the study recommends among others that
oil and gas sector companies should consider liquidity
management as part of their organizational management
policy as this will directly influence of their financial
performance and wealth creation.
Keywords :
Liquidity Management, corporate performance, oil and gas Sector, Nigeria.
This research work examines effects of
Liquidity management on firm’s corporate financial
performance. This research study used ex-post-facto
research design and stratify random sampling
techniques to select ten out of twelve oil and gas sector
firms listed in Nigerian stock Exchange(NSE), selecting
and Appling the secondary data sorted from the annual
financial reports of quoted oil and gas companies in
Nigeria. And data collected were effectively analyzed
using descriptive statistics techniques, correlation
analysis and ordinary least square regression. The
detailed research findings shows that the firms Liquidity
management has a positive and significant impacts on
corporate financial performance of the companies
Quoted Nigeria oil and gas sector firms. The results from
the findings also revealed that Current ratio, Accounts
receivables significantly and positively influence firm’s
corporate performance while cash conversion circle and
quick ratios shows negative, significant effects on firm’s
corporate performance of the firms under review. Base
on the finding, the study recommends among others that
oil and gas sector companies should consider liquidity
management as part of their organizational management
policy as this will directly influence of their financial
performance and wealth creation.
Keywords :
Liquidity Management, corporate performance, oil and gas Sector, Nigeria.
