IIARD International Institute of Academic Research and Development

IIARD International Journal of Economics and Business Management (IJEBM )

E-ISSN 2489-0065
P-ISSN 2695-186X
VOL. 9 NO. 3 2023

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Effect of Management Efficiency on Performance of Listed Consumer Goods Companies in Nigeria

Sunday David, Agubata N. S. (Ph.D)

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Abstract

The objective of this study is to examine the effect of management efficiency on performance of listed consumer goods companies in Nigeria. The study adopted Ex-post facto research design. The population of this study consists of the whole 21 listed consumer goods firms in Nigerian Exchange Limited as at 31st December, 2021. The study used 16 firms out of the total population as the sample size. The study used secondary data, secondary data used were collected from annual reports of the sampled companies for seven years period from 2015-2021. Ordinary Least Square Regression model was developed to test the linear relationship between the dependent and independent variables. It was operated using STATA version 15. The results of the Ordinary Least Square Regression revealed that, Account receivable turnover, Inventory turnover, Non-current assets turnover and Operating expenses was found to have positive and significant influence on our dependent variable(firm performance), proxy as EPS among the quoted consumer goods firms in Nigeria. The study concluded that the four variables that were examined have a joint effect on the corporate performance, that is, management efficiency influence corporate performance in Nigeria

keywords:

Management Efficiency, Account Receivable, Inventory, Non-Current Assets and Operating Expenses

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References:

Aamir, I.B. (2021), Managerial ability and firm performance: Evidence from an emerging
market; Cogent Business & Management Journal.

Adusei, C. (2017). Accounts Receivables Management: Insight and Challenges, Journal of
Finance & Banking Studies 6(1), 101-112

Adegbie F. F., Akintoye I. R., Alu., & Chituru, N. A. (2019). Effect of managerial efficiency
on corporate financial performance of quoted Nigerian firms. European Journal of
Accounting, Auditing and Finance Research, 7(6), 12-39

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