Cash Management and Performance of Listed Firms in Nigeria

This study is set to examine cash management and performance of listed firms in Nigeria. The study used ex post factor research design, the secondary data gathered were analyzed using descriptive statistics, correlation matrix, and Pool Ordinary Least Square Regression. In the return on assets model, the result shows a significant positive relationship between cash conversion cycle, Cash holding and return on assets of firms while, cash flow and firm size has a negative relationship with the return on assets. In the model of Return on Equity, the variables of firm size, firm growth and cash flow indicated a negative relationship with the variable of firm performance. However, only the variable of firm size showed a significant negative relationship at 5% level with the dependent variable. While, there exist a positive relationship between the variable of Cash Conversion Cycle and Return on Equity. The study recommends that service firms should adopt policies that enables them sell inventories and collect receivables quickly for improved efficiency and corporate solvency.