Author(s): Menyelim Chima, Ochei Ailemen Ikpefan, Godswill Osagie Osuma, Oluwatobi Fasheyitan, Segun Kehinde
The sustainability and performance of a business are primarily determined by liquidity and its control. This is because the firm's smooth processes may be injured by either insufficient liquidity or surplus liquidity. This apparent dilemma has enticed a great deal of concern in issues pertaining to the management of liquidity. However, diagnosis in the cement industry has been sparse. Therefore, the goal of the article is to research the connection amid liquidity and financial efficiency. The study is hinged on a selection of the four cement firm quoted for the duration of 2010 to 2019 on the Nigeria Stock Exchange. Using fixed effect panel regression model, this study found that liquidity management to a large extent has an adverse substantial association with the indicators of financial performance in the Nigerian cement industry. However, only a few positive coefficients were noticed as Quick proportion possesses a complimentary influence on performance (TobinQ, ROE and Leverage ratio) likewise Current ratio also has a complimentary association with ROA and ROCE. The research recommends, among other items, on the basis of the analysis, that cement businesses should sustain a progressive financial success by adeptly controlling their liquid capital