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Journal : Quantitative Economics and Management Studies

Value Creation in Nigerian Listed Consumer Goods Firms through Entrepreneurial Cash Management Muojekwu, Hilary Onyebuchi; Ochuka, Chekwube Esther; Nworie, Gilbert Ogechukwu
Quantitative Economics and Management Studies Vol. 6 No. 3 (2025)
Publisher : PT Mattawang Mediatama Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35877/454RI.qems4059

Abstract

Firms that fail to embrace entrepreneurial cash management often miss critical growth opportunities, underperform in volatile markets, and struggle to meet investor expectations for long-term value. In Nigeria’s challenging financial environment, overreliance on traditional cash management undermines agility, innovation, and financial resilience, leaving listed consumer goods firms vulnerable to stagnation, competitive decline, and underperformance in the capital market unless they adopt entrepreneurial approaches to managing cash as a strategic asset. This study is therefore necessitated by the need to examine how entrepreneurial cash management (proxy by cash level of firm) on corporate value creation (proxy by firm value-added) in Nigerian consumer goods sector. Ex-post facto research design was deployed on a population of 20 listed consumer goods firms. Purposive sampling was used to select a sample size of 15 firms. Secondary data were gleaned from the annual reports of the firms over a ten year period (2015-2024). In addition to descriptive analysis and other model diagnostics, the hypothesis was tested using panel estimated generalised least squares. The finding revealed that entrepreneurial cash management (indexed by cash level of firm) has a significant positive effect on corporate value creation (indexed by firm value-added) in Nigerian consumer goods sector (β = 0.564707, p = 0.0000). In conclusion, in an environment characterized by fluctuating macroeconomic indicators, high financing costs, and market volatility, internally generated liquidity emerges as a vital entrepreneurial asset that enables firms to create sustainable economic value. The study recommends that Chief Financial Officers (CFOs) of need to institutionalize entrepreneurial cash management systems that emphasize strategic liquidity optimization as a deliberate value-creation mechanism by adopting dynamic cash flow forecasting tools, scenario analysis, and contingency planning frameworks that are proactive and data-driven.
Achieving Environmental Sustainability: The Contribution of Digital Automation Technologies of Industry 4.0 Used by Companies in Nigeria Okafor, Tochukwu Gloria; Nworie, Gilbert Ogechukwu
Quantitative Economics and Management Studies Vol. 6 No. 5 (2025)
Publisher : PT Mattawang Mediatama Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35877/454RI.qems4039

Abstract

The study investigated the contribution of digital automation technologies towards environmental sustainability practices of companies in Nigeria, and their level of implementation of these technologies. Four research questions were raised to achieve the study objectives. Cross-sectional survey design was used in the study. A sample size of one hundred and eighty-nine (189) respondents were drawn from a target population of accountants, top business managers, and Information Technology experts of manufacturing firms in Nigeria. Primary data were collected from the respondents with the use of a 4-point Likert-based questionnaire. Analysis of data collected was achieved by using frequency counts and Spearman Ranked Order Correlation Coefficient. The results showed that only Internet of Services have been implemented to a high degree while other elements of industry 4.0 have low implementation in Nigeria. It was equally found that digital automation technology implementation significantly enhances waste management practices, reduction in carbon emission, and natural resource use efficiency. The study recommends that managers of manufacturing firms in Nigeria should endeavour to acquire, implement and maintain digitized manufacturing facilities that use connected devices, machinery and production systems to continuously collect and share data in order to help the firms achieve more efficiency in their production processes.