EFFECT OF INTELLECTUAL CAPITAL AND OWNERSHIP STRUCTURE ON PERFORMANCE OF LISTED NON-FINANCIAL FIRMS IN NIGERIA
Abstract
ABSTRACT
The study examined impact of intellectual capital and ownership structures on performance of listed non-financial firms (industrial goods companies) in Nigeria. In particular, this work examined the contribution made by relational capital in determining the performance of non- financial firms (industrial goods companies) in Nigeria: tested the moderating effect of human capital on the performance profile of non-financial firms (industrial goods companies) in Nigeria: determined the moderating effect of structural capital on the performance of industrial goods companies in Nigeria and: established the impact made by ownership structure, including institutional and government ownership on the profitability. The study targeted the seven financial years from 2018 to 2024. Secondary data was sourced from the annual reports and accounts of the sample eleven (11) Industrial Good Companies in Nigeria. The research study used descriptive research design. Pre-tax income was adopted in the assessment of performance while institutional ownership structure, government ownership structure, relational capital, human capital and structural capital were adopted as independent variables with financial leverage and firm size being held constant. From the results of the panel regression analysis the work established that relational capital has a positive and significant relationship with the financial performance of industrial goods firms companies in Nigeria (B-24. Also, structural capital (r-value of 0. 3809, p
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