CURRENT ASSET INVESTMENT AND FINANCIAL PERFORMANCE FOR SUSTAINABLE DEVELOPMENT OF INDUSTRIAL GOODS

Authors

  • Olaoye Johnson Babatunde

Abstract

The paper investigated the impact of current asset investment and financial performance for sustainable development of industrial goods. This study established empirical evidence about the relationship between current assets investment and financial performance of listed industrial goods firms in Nigeria. The study concluded that Trade receivable has negative relationship and does not significantly influence return on assets of listed industrial goods manufacturing firms for the period 2011 to 2020 in Nigeria.Cash and cash equivalent has positive relationship and does not significantly influence earnings per share of listed industrial goods manufacturing firms for the period 2011 to 2020 in Nigeria.Cash and cash equivalent has negative relationship and significantly influence return on assets of listed industrial goods manufacturing firms for the period 2011 to 2020 in Nigeria.

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Published

2023-01-04

How to Cite

Johnson Babatunde, O. . (2023). CURRENT ASSET INVESTMENT AND FINANCIAL PERFORMANCE FOR SUSTAINABLE DEVELOPMENT OF INDUSTRIAL GOODS. BW Academic Journal, 6. Retrieved from https://bwjournal.org/index.php/bsjournal/article/view/1056

Issue

2023: Bushwealth Academic Journals

Section

Articles

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