Abstract
Several articles attribute the inefficient financial performance of corporate organizations listed at the Exchange (NSE) in Nigeria to efficient long-term facilities. However, apart from the long-term facilities, most companies spend considerable time in decision-making regarding short-term and transient credit financing. Ineffective credit financing is instrumental to an unproductive operation of a company. Therefore, this study researched the impact of the credits on the returns on assets and equity of manufacturing firms quoted on the Stock Exchange in Nigeria. The study uses scientific materials from Google scholar and Scopus search mechanisms for qualitative framework development and secondary data from published financial statements of firms on the stock exchange. The research also captured the effects of financial leverage and opportunities on the connectivity between productivity and financing decisions of quoted companies, engaging explanatory research design and adopting an aggregate of 11 corporate organizations for evaluation. The study deployed data from online resources and company websites from 2015 and 2022. Recommendations included upgrading the accounts receivable and inventory holding period to a productive limit and keeping a sufficient cash ratio considering growth opportunities. It pointed to the leverage possibilities and the size structure in financing decisions, as credit financing decisions influence organizational performance.
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