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Inventory management and financial sustainability: insight from quoted manufacturing firms in Nigeria

Author

Listed:
  • Obiajulu Chibuzo Okeke
  • Wisdom Okere
  • Chinnan Francis Dafyak
  • Mary-Fidelis Chidoziem Abiahu

Abstract

This study analysed inventory management emphasis and its possible effect on financial sustainability of Nigerian quoted manufacturing firms. The study made use of the research design, ex-post facto. The study focused on manufacturing firms and ten were purposely sampled from the Nigerian Stock Exchange. Secondary data were obtained from the annual financial reports of the selected manufacturing firms over a ten-year period, 2008-2017. Descriptive statistics and inferential statistics (panel regression) were the analyses conducted for the study. The findings which emanated from the analysis indicated inventory turnover having a significant positive effect on financial sustainability. The conclusion of the study was that inventory management influences financial sustainability significantly. It also recommended that management of companies should develop and implement policies that will ensure good inventory management and also consider the policies of their suppliers and customers purchase pattern in order to have sustainable financial performance.

Suggested Citation

  • Obiajulu Chibuzo Okeke & Wisdom Okere & Chinnan Francis Dafyak & Mary-Fidelis Chidoziem Abiahu, 2022. "Inventory management and financial sustainability: insight from quoted manufacturing firms in Nigeria," International Journal of Managerial and Financial Accounting, Inderscience Enterprises Ltd, vol. 14(1), pages 84-97.
    • Handle: RePEc:ids:injmfa:v:14:y:2022:i:1:p:84-97
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    Citations

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    Cited by:

    1. Najam, Hina & Abbas, Jawad & Álvarez-Otero, Susana & Dogan, Eyup & Sial, Muhammad Safdar, 2022. "Towards green recovery: Can banks achieve financial sustainability through income diversification in ASEAN countries?," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 522-533.
    2. Abayomi O. ASUBIOOJO & Muyiwa E. DAGUNDURO & Gbenga A. FALANA, 2023. "Environmental Conservation Cost and Corporate Performance of Quarry Companies in Nigeria: An Empirical Analysis," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(8), pages 49-63, August.
    3. JONATHAN Migyl Nnvin & FOLAJIMI Festus Adegbie, 2024. "Environmental Conservation Costs and Performance of Manufacturing Companies Listed in Nigeria," International Journal of Latest Technology in Engineering, Management & Applied Science, International Journal of Latest Technology in Engineering, Management & Applied Science (IJLTEMAS), vol. 13(4), pages 11-21, April.

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