EFFECT OF CASH FLOW ON FINANCIAL PERFORMANCE OF FOOD AND BEVERAGE FIRMS IN NIGERIA

ODO, John Onyemaechi and Ohazuluike, Madubueze Theophilus (2021) EFFECT OF CASH FLOW ON FINANCIAL PERFORMANCE OF FOOD AND BEVERAGE FIRMS IN NIGERIA. European Journal of Accounting, Finance and Investment, 7 (5). pp. 21-27. ISSN 4242 – 405X

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Abstract

The aim of this study was to investigate the effect of cash flow on financial performance of food and beverage firms in Nigeria. Specifically, the study examined; to examine the effect of cash from operating activities on profit for the year of food and beverage firms in Nigeria; to determine the extent to which cash from financing activities affect profit for the year of food and beverage firms in Nigeria and to examine how cash from investment activities affect profit for the year of food and beverage firms in Nigeria. Ex – post facto research design was adopted. The study used secondary sources of data and used listed food and beverage companies. While the analytical techniques used for the study were random panel regression model and descriptive statistics. It was revealed out that cash from operating activities significantly affect profit for the year of food and beverage firms in Nigeria. Cash from financing activities has significant effect on profit for the year of food and beverage firms in Nigeria and cash from investment activities significantly affect profit for the year of food and beverage firms in Nigeria. The study recommended that food and beverage firms in Nigeria should payout dividends as at when due and timely too as it was found out that dividend paid has significant effect on net profit margin.

Item Type: Article
Subjects: H Social Sciences > HJ Public Finance
Divisions: Faculty of Management and Social Sciences
Depositing User: mrs chioma hannah
Date Deposited: 27 Jul 2022 12:06
Last Modified: 27 Jul 2022 12:06
URI: http://eprints.gouni.edu.ng/id/eprint/3545

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