EFFECTS OF SUSTAINABLE CASH EQUIVALENTS ON THE FINANCIAL PERFORMANCE OF MANUFACTURING FIRMS IN NIGERIA
Abstract
The study examined the Effects of Sustainable Cash Equivalents on the Financial Performance of Manufacturing Firms in Nigeria. The specific objectives are to examine the effect of marketable security on the Financial Performance and evaluate the effect of short-term investment on the Financial Performance of Manufacturing Firms in Nigeria. An expo factor research design was adopted for the study. Data were sourced from the quoted manufacturing companies that are listed in the Nigerian stock exchange within the period of 2012-2022. The data was analyzed using correlation and probit analysis. The result revealed that marketable securities are positively influenced by financial performance with a value of (0.0381<0.05), and Short-term investments have a positive impact on financial performance among manufacturing firms in Nigeria with a value of (0.0412<0.05). We concluded that sustainable Cash Equivalents significantly affect the Financial Performance of Manufacturing Firms in Nigeria. We recommend that manufacturing firms in Nigeria should consider diversifying their cash equivalents portfolio to include a mix of marketable securities and short-term investments.
Keywords:
Cash, Equivalents, Financial, Firms, PerformanceDownloads
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Copyright (c) 2025 Nwankwo, Bobby-Godwin Ogbogu (Ph.D), Agbachi Vincent Onyeneke, Eneh Catherine Amogu , Agu Charles Ikechukwu
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