The paper is well researched. it is adequate in form and content. congratulations.
David Mutua Mathuva
A good paper indeed. Though I found some inconsistencies in the conclusion. From your regressions, I saw a positive relationship between Accounts Payable days and ROA, but in your conclusion, you indicate that a negative relationship. Please check. The other contention is in the use of fixed-effects estimation. A comparison of the results with the pooled OLS would have been better.
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Odondo Juma Alphonce
The paper is well researched. it is adequate in form and content. congratulations.
David Mutua Mathuva
A good paper indeed. Though I found some inconsistencies in the conclusion. From your regressions, I saw a positive relationship between Accounts Payable days and ROA, but in your conclusion, you indicate that a negative relationship. Please check. The other contention is in the use of fixed-effects estimation. A comparison of the results with the pooled OLS would have been better.