http://njms.unilag.edu.ng/ <p>Notes to Contributors:&nbsp;<br>Nigerian Journal of Management Studies (NJMS) is dedicated to the advancement of management research. It is a peer-reviewed journal publishing high quality, original manuscript concerned with business management, marketing, entrepreneurship, banking issues. The NJMS aims to serve business, finance and accounting, industrial relations, actuarial science, insurance and other related practitioners from the business community. Its focus is unique in its commitment to promoting academic debate on status quo. Papers examine emerging trends in business management and fast-changing concerns faced by corporations, governments, practitioners and regulators from a comprehensive range of areas. Beyond the immediate crisis, economic policies, accounting and finance and business management practices affect the stability of major institutions and even national and international economies. These disciplines require ongoing investigation in order to alleviate the present crisis and help avert the next crisis. Therefore, these problems can only be addressed by researchers who are able to bridge discipline, theory and practice.</p> Faculty of Management Sciences, University of Lagos en-US Nigerian Journal of Management Studies http://njms.unilag.edu.ng/article/view/2276 <p><em>This study is aimed at&nbsp;evaluating&nbsp;the variables that determine corporate cash holding, and the way it impacts on the financial performance of manufacturing companies that are listed in Nigeria. The specific variables that determine corporate cash holding as examined in this study are company size, leverage, and dividend payment. The study adopted 3 corporate finance theories which are the Trade-off theory, Pecking order theory and the Agency theory. Data were extracted from the annual reports of 34 listed manufacturing firms over the period 2018 to 2022. Fixed effect multiple regression analysis was adopted to analyse the data extracted from the published financial report. Result of the study show the degree of cash flow in Nigerian listed manufacturing enterprises is significantly influenced by the size of the organization. Additionally, the investigation showed that corporate cash holdings do not determine the financial performance of Nigerian listed manufacturing companies.</em></p> Oluwamayowa Olalekan IREDELE Okwy Peter OKPALA Favour Oluwapelumi OMIWOLE Copyright (c) 2024 Nigerian Journal of Management Studies 2024-10-27 2024-10-27 26 1 1 18