Browsing by Author "Elizabeth Chiemeke IZILE"

Now showing 1 - 1 of 1
  • No Thumbnail Available
    Item
    Financial Planning and Management Performance of Listed Manufacturing Companies in Nigeria
    (Lead City University, 2023-12) Elizabeth Chiemeke IZILE
    This study examined the effect of financial planning on the management performance of quoted manufacturing companies in Nigeria between 2019 and 2023. The study employs panel regression analysis. The fixed-effect model and random effect model were used with a special focus on the heterogeneity of cross-sectional units, and the Hausman test with inference at a 5% significant level. The study reveals that firm showed a positive and significant effect on return on assets (coefficient = 0.1814; p-value = 0.0000). Leverage had a negative and statistically significant effect [β = -0.0577; P-value =0.0015] on the return on assets of quoted manufacturing companies in Nigeria. Liquidity (LIQT) shows a negative and statistically significant effect on return on assets [β = -0.32677 4.14. P =0.0000] of quoted manufacturing companies in Nigeria. The study ascertains that leverages and liquidity have a negative influence on the return on assets of quoted manufacturing companies in Nigeria. As a result, this study concludes that manufacturing businesses in Nigeria cannot optimise profit and shareholder wealth unless they pay close attention to the management of the various components of their finances. According to the report, listed manufacturing businesses in Nigeria should focus their efforts on financial planning to increase their ROA levels. The Liquidity and leverages period for manufacturing companies shows a negative effect on ROA, Therefore, this sector should focus on working on Liquidity and leverages in reducing its negative effect. Keywords: Financial planning, Leverages, Liquidity, Manufacturing companies, Management performance Word Count: 233