COMMERCIAL PAPER MANAGEMENT PRACTICES AND FINANCIAL PERFORMANCE OF LISTED FOOD PRODUCTS COMPANIES IN NIGERIA

Abstract

The study examined the relationship between commercial paper management and financial performance of listed food products companies in Nigeria. The objectives among others were to Identify the relationship between Commercial paper management practices (CPMP) and Return on Assets (ROA) of listed food products companies in Nigeria. The study adopted ex-post facto design. The population and sample size of the study include 9 listed food products companies in the Nigerian Stock Exchange (NSE) as at 31 August 2021. The instrument for this study was secondary data. The formulated research questions were analyzed with descriptive statistics. The hypotheses were tested using the Ordinary Least Square (OLS) Model regression analysis with the aid of E-view (10). The findings of the study were that; there is a significant relationship between Commercial paper management practice (CPMP) and Return on assets (ROA). Based on the findings of this study, the following recommendations are made among others:  Liquidity management practices such as commercial paper management practices positively impact on performance of listed food products companies. Therefore, its sources are recommended in short term financing a firm’s project.