Effect of Financial Mix on Profitability of Quoted Beverage Firms in Nigeria
Okolocha Chizoba Bonaventure,
John-Akamelu Racheal Chitom,
Ezejiofor Raymond Asika
Issue:
Volume 4, Issue 4, December 2019
Pages:
102-109
Received:
23 September 2019
Accepted:
11 October 2019
Published:
21 October 2019
Abstract: This study examined the effect of financial mix on profitability of beverage firms in Nigerian quoted beverage companies. The empirical evidence on the effects of financial mix on firms’ profit is, inconsistent and some are contradictory depending upon the statistical tools used and time-period. It is on this light that this study was set out to examine to ascertain the significant effect of short term debt and long term debt on profit of quoted beverage companies in Nigeria. This study employed ex-post facto research design. Regression analysis was used to test the hypotheses. The study observed that short term debt has positive significant influence on profit of quoted beverage companies in Nigeria while long term debt has no significant effect on profit of quoted beverage companies in Nigeria. Based on this, the study recommended among others that companies should prefer internal financing than external financing sources on debt financing also that corporate firms should rely more on equity financing for funds rising for their operation and minimize their borrowing operations in order to avoid bankrupt.
Abstract: This study examined the effect of financial mix on profitability of beverage firms in Nigerian quoted beverage companies. The empirical evidence on the effects of financial mix on firms’ profit is, inconsistent and some are contradictory depending upon the statistical tools used and time-period. It is on this light that this study was set out to ex...
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Inventory Management: An Impetus for Increased Profitability in Manufacturing Firms
Adebola Daniel Kolawole,
Adesola Busola Akomolafe,
Babatunde Johnson Olusipe
Issue:
Volume 4, Issue 4, December 2019
Pages:
110-115
Received:
27 August 2019
Accepted:
29 September 2019
Published:
25 November 2019
Abstract: This study evaluated the degree of relationship between inventory management and profitability of manufacturing firmsin Nigeria. International Breweries Plc was adopted as case study. Secondary data were sourced from the company’s annual reports for the period of 10 years. A simple linear regression model was specified to test the correlation between variables used. Stock turnover ratio was used to capture the relationship between costs of sales incurred in generating total revenue and the inventory utilized in for production and distribution. The result generated from the study showed that the company operates an efficient Inventory Management System which has strong influence on its profitability. The correlation coefficient (r) was 85.3% while r2 was 72.7%. The study concluded that the efficient inventory management contributed significantly to profitability of manufacturing companies. The study recommended that manufacturing firms should focus on improving on their inventory management system by adopting a more efficient approach in utilizing inventory items.
Abstract: This study evaluated the degree of relationship between inventory management and profitability of manufacturing firmsin Nigeria. International Breweries Plc was adopted as case study. Secondary data were sourced from the company’s annual reports for the period of 10 years. A simple linear regression model was specified to test the correlation betwe...
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