LIQUIDITY MANAGEMENT IN THE SERVICE INDUSTRIES

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ABSTRACT

The significance of the service industries in the economic development of Nigeria cannot be undermined. However, liquidity problems constitute a major constraint on the development of this industry.

This study addresses the practical measures in the service industries needs to adopt and effectively manage their liquid resources especially taking cognizance of the current economic recession in the country.

This study shows that economic recession and over investment in stock are the major causes of liquidity problems in the service industries. The researcher discovered that the firms in the service industries have adopted several measures in an attempt to solve the problem. The basis of recommendation is a more efficient liquid management practice as well as the need for the government to revert the distress economy. The recommendation outlined in Chapter three, if meticulously implemented, will ease the liquidity problem of service industry.

TABLE OF CONTENTS

TITLE PAGE II

APPROVAL PAGE III

DEDICATION IV

ACKNOWLEDGEMENT V

ABSTRACT VI

TABLE OF CONTENTS VIII

CHAPTER ONE

1.1 INTRODUCTION 1

1.2 STATEMENT OF THE PROBLEM 2

1.3 OBJECTIVES OF THE STUDY 3

1.4 SIGNIFICANCE OF THE STUDY 3

1.5 DELIMITATION, SCOPE AND LIMITATIONS 4

1.6 DEFINITION OF TERMS 5

CHAPTER TWO

2.0 REVIEW OF RELATED LITERATURE 7

2.1 THE CONCEPT OF LIQUIDITY 7

2.2 LIQUIDITY VS PROFITABILITY 8

2.3 ENHANCING LIQUIDITY THROUGH

EFFICIENT MANAGEMENT OF CASH AND MARKETABLE SECURITIES. 9

2.4 ENHANCING LIQUIDITY THROUGH EFFICIENT RECEIVABLE MANAGEMENT 11

2.5 ENHANCING LIQUIDITY THROUGH EFFICIENT INVENTORY MANAGEMENT 14

2.6 LIQUIDITY CIRCULATION FLOW SPEED’S 16

CHAPTER THREE

3.0 FINDINGS, RECOMMENDATIONS AND CONCLUSION19

3.1 DISCUSSION OF FINDINGS 19

3.2 CONCLUSION 19

3.3 BIBLIOGRAPHY 21

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LIQUIDITY MANAGEMENT IN THE SERVICE INDUSTRIES

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