EFFECT OF INTELLECTUAL CAPITAL ON THE PERFORMANCE OF LISTED CONGLOMERATE FIRMS IN NIGERIA
| dc.contributor.author | Adigizey, John Dollay | |
| dc.contributor.author | Agbaji, Patrick | |
| dc.contributor.author | Anyu, Idrees | |
| dc.date.accessioned | 2025-01-10T14:11:15Z | |
| dc.date.available | 2025-01-10T14:11:15Z | |
| dc.date.issued | 2024-02-08 | |
| dc.description.abstract | This research delves into the intricate dynamics Between intellectual capital and the financial performance of conglomerate firms listed on the Nigerian Exchange Group (NGX). Utilizing proxies like capital employed and relational capital to measure intellectual capital, the study meticulously employs return on assets as a proxy for financial performance. Panel data covering the period from 2011 to 2021 was sourced from the individual financial reports of the conglomerate sectors listed on the exchange. The sample encompasses all six listed conglomerate firms in the NGX. To unravel the nuanced relationship between intellectual capital and return on assets, a robust panel regression model is methodically deployed. The discerning findings reveal a substantial influence of both capital employed and relational capital on return on assets. A significant recommendation emerges, suggesting that conglomerate firms' management should strategically prioritize allocating a specific portion of the company's total capital to physical assets. This strategic emphasis aims not only to fortify the balance sheet but also to cultivate an innovative work environment, thereby amplifying employees' cognitive capabilities for effective knowledge application. Furthermore, the research emphasizes a strategic proposition for managers of conglomerate firms: the establishment of robust and symbiotic relationships with customers in local communities. Incentives such as discounts and promotions are suggested not only to foster customer loyalty but also to stimulate increased patronage. This thoughtful approach not only enriches the customer experience but also provides optimal value, ultimately contributing to a virtuous cycle of enhanced financial performance for the conglomerate firms in question. | |
| dc.identifier.citation | Adigizey, J.D. (2024). Effect of Intellectual Capital on Financial Performance of Listed Conglomerate Firms in Nigeria | |
| dc.identifier.uri | https://keffi.nsuk.edu.ng/handle/20.500.14448/7577 | |
| dc.language.iso | en | |
| dc.publisher | Department of Business Administration, Nasarawa State University Keffi | |
| dc.subject | Intellectual capital | |
| dc.subject | Capital employed | |
| dc.subject | Relational capital | |
| dc.subject | Return on Assets | |
| dc.subject | Conglomerate firms | |
| dc.title | EFFECT OF INTELLECTUAL CAPITAL ON THE PERFORMANCE OF LISTED CONGLOMERATE FIRMS IN NIGERIA | |
| dc.type | Article |