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FINANCIAL ECONOMICS

Managers’ financial practices and financial sustainability of Nigerian manufacturing companies: Which ratios matter most?

ORCID Icon | (Reviewing editor)
Article: 1724241 | Received 22 Apr 2019, Accepted 27 Jan 2020, Published online: 06 Feb 2020

Figures & data

Figure 1. Average return on assets of quoted Nigerian manufacturing companies

Figure 1. Average return on assets of quoted Nigerian manufacturing companies

Figure 2. Average sustainable growth rate of quoted Nigerian manufacturing companies

Figure 2. Average sustainable growth rate of quoted Nigerian manufacturing companies

Figure 3. Average Altman Z-score of quoted Nigerian manufacturing companies

Figure 3. Average Altman Z-score of quoted Nigerian manufacturing companies

Figure 4. Average of selected financial ratios for quoted Nigerian manufacturing companies

Figure 4. Average of selected financial ratios for quoted Nigerian manufacturing companies

Figure 5. Conceptual model of the impact of managers’ financial practices on financial sustainability

Figure 5. Conceptual model of the impact of managers’ financial practices on financial sustainability

Table 1. Representation and measurement of variables

Table 2. Descriptive statistics of all variables descriptive statistics table

Table 3. Correlation matrix of all variables

Table 4. Variance inflation factor test for multicollinearity

Table 5. Omitted random effect test for RO, SGR & ATZ models

Table 6. Hausman test along with panel OLS, REM & FEM results for ROA model

Table 7. Hausman test along with panel OLS, REM & FEM results for SGR model

Table 8. Hausman test along with panel OLS, REM & FEM results for ATZ model

Table 9. Cross-sectional dependence test for panel data for ROA, SGR & ATZ random effect model