The Impact of Cash Conversion Cycle on Firm Profitability: Evidence from Nigerian Listed Telecommunication Companies
Journal of Finance and Accounting
Volume 4, Issue 6, November 2016, Pages: 342-350
Received: Aug. 25, 2016; Accepted: Sep. 22, 2016; Published: Nov. 17, 2016
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Authors
Murtala Zakari, Department of Business Administration, Faculty of Administration, Ahmadu Bello University, Zaria, Nigeria
Sani Saidu, Department of Accounting, Faculty of Administration, Ahmadu Bello University, Zaria, Nigeria
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Abstract
The objective of this study is to empirically find the effect of cash conversion cycle on corporate profitability of the ICT firms listed on the floor of the Nigerian Stock Exchange. Data are collected from all the listed firms from 2010 to 2014. The data are analyzed using multiple linear regression analysis and the robustness check shows that the data are normal. The findings indicate significant positive relationship between cash conversion cycle and corporate profitability.
Keywords
Cash Conversion Cycle, Inventory, Receivables, Payables, Profitability
To cite this article
Murtala Zakari, Sani Saidu, The Impact of Cash Conversion Cycle on Firm Profitability: Evidence from Nigerian Listed Telecommunication Companies, Journal of Finance and Accounting. Vol. 4, No. 6, 2016, pp. 342-350. doi: 10.11648/j.jfa.20160406.15
Copyright
Copyright © 2016 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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