You have no items in your shopping cart.
ABSTRACT
The study examines the relationship between working capital management and performance of quoted insurance firms in Nigeria. Panel regression analysis was employed to empirically examine the relationship within 2013-2022. The study found out that cash conversion has a positive and significant relationship with performance of quoted insurance firms in Nigeria; Receivable turnover has a negative and significant relationship with performance of quoted insurance firms in Nigeria; Payable turnover has a positive and insignificant relationship with performance of quoted insurance firms in Nigeria. The study recommends that Nigerian government and Regulators should make it easier for insurance companies to obtain working capital financing: Collaborating with financial institutions to offer specialized working capital financing options, like invoice financing or revolving credit facilities. Encourage cooperation and knowledge sharing: Working groups or industry forums where insurance companies may exchange best practices and gain insight from one another's working capital management experiences is necessary. Working capital components must be adequately analyzed on a regular basis to guarantee that the crucial areas for the decision-making process with regard to each performance measurement variable are recognized and thoroughly investigated.
