Liquidity Management and Corporate Performance: Evidence from Quoted Oil and Gas Sector Firms in Nigeria


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

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.

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