@article{Olaoye_Clement Olatunji_Adeboboye_Roseline_2019, title={Working Capital Management and Performance of Industrial and Consumer Goods Firms in Nigeria: A Comparative Analysis}, volume={11}, url={https://ojs.amhinternational.com/index.php/imbr/article/view/2945}, DOI={10.22610/imbr.v11i3(I).2945}, abstractNote={<p><span class="fontstyle0">This study conducted a comparative analysis on working capital management and performance of<br>industrial and consumer goods firms in Nigeria. Precisely, the study compared effect of average collection<br>period and average payment period on return on capital employed of selected industrial goods and consumer<br>goods firms. 20 firms were randomly selected over a period of 10 years data were collected from annual<br>report of the firms. This study used static data analyses to analyze data. Result showed average collection<br>period and average payment period exert insignificant positive effect on return on capital employed of<br>industrial goods firms, while both average collection period and average payment period exert insignificant<br>negative effect on return on capital employed of consumer goods firms. Independent t-test result showed<br>significant mean difference between coefficient estimate corresponding to industrial and consumer goods<br>firms. This study concluded that there exists significant difference between the effect of working capital<br>management on performance of industrial goods firms and consumer goods firms when performance is<br>measured in terms of return on capital employed. Hence firms in both sub-sectors should be strategic when<br>managing working capital, by setting higher average payment period in a manner that will not crowd-out<br>their credit worthiness.</span></p&gt;}, number={3(I)}, journal={Information Management and Business Review}, author={Olaoye and Clement Olatunji and Adeboboye and Roseline}, year={2019}, month={Oct.}, pages={35-45} }