Research Article
Working Capital Management and Corporate Profitability: Evidence from Panel Data Analysis of Selected Quoted Companies in Nigeria
FBV Associates Ltd., United Kingdom
Olubanjo T. Ajilore
Department of Economics, Faculty of Social Sciences, Obafemi Awolowo University, Ile-Ife, Nigeria
Odondo Juma Alphonce Reply
The paper is well researched. it is adequate in form and content. congratulations.
David Mutua Mathuva Reply
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.