Category : RJMP: Volume 3, Issue 5
Ananwude Amarachukwu C2., Mbanefo Patrick3, Echekoba Felix Nwolisa
2,3,4 Department of Banking and Finance
Nnamdi Azikiwe University, Awka
Mail. email@example.com, firstname.lastname@example.org. email@example.com
This study examined the effect of cash management on financial performance of selected deposit money banks in Nigeria. Ex Post Facto research design was adopted for the study using four selected banks operating in Nigeria. Data were generated from audited annual reports and accounts of theses sampled banks and the hypotheses were tested with regression analysis via E-view 9.0. The outcome of the study revealed that cash and cash equivalent has not significantly affected return on assets of deposit money banks in Nigeria. Based on the findings, the study recommended among others that optimization of cash holding reserves should also be encouraged. Efforts should be made by management to increase the value of the company through the funding policy, the provision of incentives to managers in the form of bonus shares, and improve company performance.