尼日利亚非金融上市公司现金管理与财务绩效:动态稳健最小二乘回归方法

IF 3 Q2 BUSINESS, FINANCE

Journal of Public Budgeting, Accounting and Financial Management Pub Date : 2023-10-07 DOI:10.56201/jafm.v9.no8.2023.pg81.96

U. Egbadju Lawrence

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引用次数: 0

摘要

本研究调查了现金管理和尼日利亚选定公司财务绩效的影响。本研究涵盖的时间段为2005年至2020年，在尼日利亚交易所集团(Nigerian Exchange Group)挂牌的76家非金融公司的信息摘自其财务报表。动态稳健最小二乘结果表明，现金及现金等值(CCE)、平均回收期(ACP)、未完成销售天数(DSO)、未完成库存天数(DIO)和销售增长(GSALES)与经济增加值(EVA)呈正相关;现金转换周期(CCC)、平均付款周期(APP)、未偿付款天数(DPO)、速动比率(QR)、短期债务(STD)和资本支出(CAPEX)与之呈显著负相关。该研究最后提出了一些建议。

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Cash Management and Financial Performance of Quoted Non- Financial Firms in Nigeria: A Dynamic Robust Least Squares Regression Approach

This study investigates the impact which cash management and the financial performance of selected firms in Nigeria. The period which the study covers is from 2005 to 2020 of 76 non- financial firms quoted on the floor of the Nigerian Exchange Group the information about them are extracted from their financial statements. The results of the dynamic robust least squares indicated that while cash and cash equivalence (CCE), average collection period (ACP), days sales outstanding (DSO), days inventory outstanding (DIO) and sales growth (GSALES) are positively significant with economic value added (EVA); cash conversion cycle (CCC), average payment period (APP), days payment outstanding (DPO), quick ratio (QR), short term debt (STD) and capital expenditures (CAPEX) are negatively significant with it. The study concludes with some recommendations.

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来源期刊

Journal of Public Budgeting, Accounting and Financial Management Social Sciences-Public Administration

CiteScore

7.80

自引率

19.40%

发文量

期刊介绍： Published four times a year, the Journal of Public Budgeting, Accounting & Financial Management (JPBAFM) is an international refereed journal which aims at advancement and dissemination of research in the field of public budgeting, accounting, auditing, financial and performance management. The journal is committed to be an outlet for rigorous conceptual and empirical works aimed at challenging and innovating the field of accounting, management and governance in entities operating in the public sphere or public-private sphere (territorial government entities, universities, schools, hospitals as well as state-owned enterprises, hybrid organizations, public and private partnerships, non-profit organizations, NGOs, etc.).