You have no items in your shopping cart.
ABSTRACT
This study empirically examines the impact of corporate governance on cash flow management in a listed manufacturing company in Nigeria. A sample of 45 manufacturing companies was selected from a total of 59 manufacturing companies listed on the Nigerian Stock Exchange for the period 2012-2020. Data were examined using descriptive statistics, correlation analysis, and fixed-effects panel OLS regression techniques. Empirical results showed that board size, board independence, board gender diversity, and firm size do not significantly affect the cash flow management of Nigerian listed manufacturing companies. The study therefore concludes that corporate governance does not play a significant role in explaining the cash flow management of listed manufacturing companies in Nigeria. It is therefore recommended above all. Regulators need to improve the weak corporate governance of manufacturing companies, which may be the cause of the negligible impact. Regulators also need to ensure that manufacturers adhere strictly to corporate governance codes to ensure proper cash flow management.
