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All Journal Daengku: Journal of Humanities and Social Sciences Innovation ARRUS Journal of Social Sciences and Humanities
Gilbert Ogechukwu Nworie
Ukoro Odah Statisticals, Amansea
Religion Humanities Economics, Econometrics & Finance Education Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Social Sciences Other

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The Triad of Paying Creditors, Collecting Debts, and Moving Inventory as Engines of Entrepreneurial Success in Nigerian Oil and Gas Firms Gilbert Ogechukwu Nworie; Ogunmodede Olorunfemi; Uche Chukwu
Daengku: Journal of Humanities and Social Sciences Innovation Vol. 5 No. 6 (2025)
Publisher : PT Mattawang Mediatama Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35877/454RI.daengku4532

Abstract

Many Nigerian oil and gas firms struggle with managing creditors, debtors, and inventory efficiently. These challenges limit cash flow, reduce profitability, and constrain growth. As a result, entrepreneurial success in these firms is often hindered by poor operational liquidity management. Hence, this study examined the effect of paying creditors, collecting debts, and managing inventory on entrepreneurial success (proxy by return on sales) in Nigerian oil and gas firms. An ex-post facto research design was adopted, covering the period from 2012 to 2024. The population consisted of eight listed oil and gas firms, with six selected for the study through purposive sampling. Secondary data were collected from the annual reports of the selected firms, and hypotheses were tested using a fixed effects panel regression model with Cross-section seemingly unrelated regression (SUR) standard errors to correct for heteroskedasticity. The findings revealed that: Days Inventory Outstanding has a negative and significant effect on entrepreneurial success (? = -0.616, p = 0.0213); Days Receivable Outstanding has a positive and significant effect on entrepreneurial success (? = 0.005534, p = 0.0000); Days Payable Outstanding has a negative but insignificant effect on entrepreneurial success (? = -0.002935, p = 0.8554). In conclusion, efficient inventory control is essential because holding excessive stock ties up capital that could support productive activities, while effective management of receivables enhances profitability by maintaining balanced credit policies and ensuring timely collections to improve cash flow and sustain operations. The study recommended that operations managers in Nigerian oil and gas firms should reduce the time inventory is held by implementing efficient inventory management systems, optimizing stock levels, and improving turnover to enhance profitability.
Corporate Value as a Function of Firm Revenue Base among Nigerian Food and Beverages Firms Kelvin Ibobo; Hilary Muojekwu; Gilbert Ogechukwu Nworie
ARRUS Journal of Social Sciences and Humanities Vol. 6 No. 1 (2026)
Publisher : PT ARRUS Intelektual Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35877/soshum4184

Abstract

This study examined the effect of firm revenue base on the corporate value of listed food and beverage firms in Nigeria, using market value added as the measure of corporate value. The study adopted an ex-post facto research design and relied on secondary data obtained from the annual reports and financial statements of twelve purposively selected firms listed on the Nigerian Exchange Group between 2012 and 2024. Panel estimated generalised least squares regression analysis were used to analyze the data. The findings revealed that firm revenue base has a significant and positive effect on market value added at 5% significance level, indicating that increases in revenue enhance the corporate value of firms (? = 0.762651; p = 0.0000). In conclusion, firms with stable and growing revenue streams are better positioned to generate shareholder wealth. The study recommends that management should implement aggressive but sustainable revenue expansion strategies, such as product diversification, market penetration, and pricing optimization, and also give a special attention to data-driven marketing, customer retention programs, and investments in efficient distribution channels, as these initiatives can significantly boost revenue while controlling operational costs.
Co-Authors Hilary Muojekwu Kelvin Ibobo Ogunmodede Olorunfemi Uche Chukwu