Yawe, Babangida Mandem and Oyinaka, Akpa Dauda and Aliyu, Mohammed Rasheed and Bello, Mansur (2023) Effect of Intellectual Capital on Financial Performance of Listed Agricultural Firms in Nigeria. European Journal of Business and Innovation Research, 11 (5). pp. 55-70. ISSN 2053-4019(Print), 2053-4027(Online)
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Abstract
The study examines the effect of intellectual capital on financial performance of listed agricultural firms in Nigeria. Proxies to measure intellectual capital are human capital and structural capital, while the financial performance is peroxide by return on equity. The study concentrated on the period from 2011 to 2020. Panel data was used to analyze the data sourced from the individual financial reports of the listed agricultural sectors. The sample adopted four (4) listed agricultural firms out the five (5) in Nigeria due to inconsistent data. The study employed panel regression model to estimate the key relationship between intellectual capital and return on equity. The result shows that human capital has significant effect on return on equity. Also, the result shows that structural capital has no significant effect on return on equity. The study recommends that managers of agricultural firms should put great emphasis on human capital investment, by improving employees’ quality by continuous training, and also to recruit high-level talents. Also, the management should pay attention to the accumulation of proprietary knowledge base such as the patent right and information system.
| Item Type: | Article |
|---|---|
| Subjects: | H Social Sciences > H Social Sciences (General) |
| Depositing User: | Professor Mark T. Owen |
| Date Deposited: | 08 Sep 2023 20:17 |
| Last Modified: | 08 Sep 2023 20:17 |
| URI: | https://tudr.org/id/eprint/2181 |
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