The objective of this research was to examine the influence of intellectual capital IC) and its components on corporate sustainability growth in firms listed in Nigerian stock Exchange. Furthermore, this paper aimed at determining the constituent of the intellectual capital that has more predictive ability on business sustainable growth in Nigeria. A sample size of 10 listed consumer goods firms over a period of ten years (2011- 2020) was used as sample size for this study. Regression analysis techniques was used to investigate the effect of Intellectula Capital and its components on business sustainability growth. Results from the analyses revealed that intellectual capital (IC) as proxied by the M-VAIC model establishes a significant influence on corporate sustainable growth, (AdjR2 =0.128, F-Stat =1.6308; p-value = 0.038). Notably, the findings also showed that almost all the independent variables namely, Physical Capital, Human Capital, Structural Capital and Relational Capital exert significant effect in predicting corporate sustainable growth. Furthermore, the results revealed that physical and human capital are the major components of IC that exert powerful influence on corporate sustainable growth. The study concludes that the overall intellectual capital components play an essential role in driving the listed consumer goods in Nigeria in the wheel of sustainable growth.
| Published in | Journal of Finance and Accounting (Volume 11, Issue 2) |
| DOI | 10.11648/j.jfa.20231102.11 |
| Page(s) | 38-48 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2023. Published by Science Publishing Group |
Intellectual Capital, Human Capital VAIC Model, Consumer Goods, Corporate Sustainable Growth
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APA Style
Ojianwuna Chukwuekwu. (2023). Intellectual Capital and Corporate Sustainability Growth in Firms Listed in Nigerian Stock Exchange. Journal of Finance and Accounting, 11(2), 38-48. https://doi.org/10.11648/j.jfa.20231102.11
ACS Style
Ojianwuna Chukwuekwu. Intellectual Capital and Corporate Sustainability Growth in Firms Listed in Nigerian Stock Exchange. J. Finance Account. 2023, 11(2), 38-48. doi: 10.11648/j.jfa.20231102.11
AMA Style
Ojianwuna Chukwuekwu. Intellectual Capital and Corporate Sustainability Growth in Firms Listed in Nigerian Stock Exchange. J Finance Account. 2023;11(2):38-48. doi: 10.11648/j.jfa.20231102.11
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Download@article{10.11648/j.jfa.20231102.11,
author = {Ojianwuna Chukwuekwu},
title = {Intellectual Capital and Corporate Sustainability Growth in Firms Listed in Nigerian Stock Exchange},
journal = {Journal of Finance and Accounting},
volume = {11},
number = {2},
pages = {38-48},
doi = {10.11648/j.jfa.20231102.11},
url = {https://doi.org/10.11648/j.jfa.20231102.11},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jfa.20231102.11},
abstract = {The objective of this research was to examine the influence of intellectual capital IC) and its components on corporate sustainability growth in firms listed in Nigerian stock Exchange. Furthermore, this paper aimed at determining the constituent of the intellectual capital that has more predictive ability on business sustainable growth in Nigeria. A sample size of 10 listed consumer goods firms over a period of ten years (2011- 2020) was used as sample size for this study. Regression analysis techniques was used to investigate the effect of Intellectula Capital and its components on business sustainability growth. Results from the analyses revealed that intellectual capital (IC) as proxied by the M-VAIC model establishes a significant influence on corporate sustainable growth, (AdjR2 =0.128, F-Stat =1.6308; p-value = 0.038). Notably, the findings also showed that almost all the independent variables namely, Physical Capital, Human Capital, Structural Capital and Relational Capital exert significant effect in predicting corporate sustainable growth. Furthermore, the results revealed that physical and human capital are the major components of IC that exert powerful influence on corporate sustainable growth. The study concludes that the overall intellectual capital components play an essential role in driving the listed consumer goods in Nigeria in the wheel of sustainable growth.},
year = {2023}
}
TY - JOUR T1 - Intellectual Capital and Corporate Sustainability Growth in Firms Listed in Nigerian Stock Exchange AU - Ojianwuna Chukwuekwu Y1 - 2023/03/28 PY - 2023 N1 - https://doi.org/10.11648/j.jfa.20231102.11 DO - 10.11648/j.jfa.20231102.11 T2 - Journal of Finance and Accounting JF - Journal of Finance and Accounting JO - Journal of Finance and Accounting SP - 38 EP - 48 PB - Science Publishing Group SN - 2330-7323 UR - https://doi.org/10.11648/j.jfa.20231102.11 AB - The objective of this research was to examine the influence of intellectual capital IC) and its components on corporate sustainability growth in firms listed in Nigerian stock Exchange. Furthermore, this paper aimed at determining the constituent of the intellectual capital that has more predictive ability on business sustainable growth in Nigeria. A sample size of 10 listed consumer goods firms over a period of ten years (2011- 2020) was used as sample size for this study. Regression analysis techniques was used to investigate the effect of Intellectula Capital and its components on business sustainability growth. Results from the analyses revealed that intellectual capital (IC) as proxied by the M-VAIC model establishes a significant influence on corporate sustainable growth, (AdjR2 =0.128, F-Stat =1.6308; p-value = 0.038). Notably, the findings also showed that almost all the independent variables namely, Physical Capital, Human Capital, Structural Capital and Relational Capital exert significant effect in predicting corporate sustainable growth. Furthermore, the results revealed that physical and human capital are the major components of IC that exert powerful influence on corporate sustainable growth. The study concludes that the overall intellectual capital components play an essential role in driving the listed consumer goods in Nigeria in the wheel of sustainable growth. VL - 11 IS - 2 ER -
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