Abstract

Over the years, scholars have delve into the study of capital structure and entity performance, however gap still exist in literature, hence we examined the impact of working capital elements and its impact on manufacturing entity performance with data covering from 2014 to 2022, data were extracted from the published financial statement of the companies, the regression showed a statistical non-significant relationship between working capital elements and performance, however net working capital (NWC) was significant, based on the regression output we recommended that managers of industrial goods sector companies in deciding the sources of finance should consider finances structure that will improve and add more value to the shareholders and stakeholders alike both in the short and long-run.

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