The Moderating Effect of Institutional Ownership on Intellectual Capital and Financial Performance of Listed Conglomerates
Journal Title: SEISENSE Journal of Management - Year 2019, Vol 2, Issue 5
Abstract
Purpose - The study aims to examine the moderating effect of institution on the relationship between intellectual capital on the financial performance of conglomerates in Nigeria Design/Methodology - correlational research design which is based on historical data extracted from annual report and accounts of the sample firm on NSE. Firms were chosen based on censor sampling method. Eleven years of financial data were used. Multiple regression analysis was employed to analyze the data extracted. Findings - The results from pooled ordinary least square regression (OLS) and Fixed effect revealed that intellectual capital indexed by a value-added intellectual coefficient (VAIC) has a positive and significant impact on financial performance indexed by return on asset (ROA) of listed conglomerate firms in Nigeria. Furthermore, the interaction effect of institutional ownership was found to be positive and significant Practical Implications - The study recommends that institutional shareholders should invest more in shares of listed conglomerate firms in Nigeria and that management should recognize the effort and understand the importance of intellectual capital toward improving firm performance.
Authors and Affiliations
Isah Umar Kibiya, Bilyaminu Shittu Aminu, Khadija Salihu Abubakar
Keywords
Related Articles
- EP ID EP658557
- DOI 10.33215/sjom.v2i5.151
- Views 59
- Downloads 0
An Econometric Analysis of Causality between Poverty and Crises in Northern Nigeria
The study focuses on the analysis of the causality between poverty and crises in northern Nigeria using the Granger causality test and the ARDL bound testing techniques. The study revealed the presence of causality runni...
Role of Credit Information Sharing and the Funding Cost of Banks
Purpose - The objective of the study is to investigate the relationship between the credit information sharing and the funding cost of banks of the top ten “AA rating” commercial banks of Pakistan as the Commercial...
Industry-Level Disparities in Antitrust Enforcement
Purpose- The purpose of this study is to analyze whether an increase in the concentration of industry causes an increase in the level of the Department of Justice Antitrust Division (DoJ)’s antitrust enforcement within t...
The Role of Knowledge Adoptive Capacity towards Exports Performance
Purpose - Knowledge absorptive capacity plays a significant role in export performance. It is a dynamic capability that firms apply to gain competitiveness in today’s knowledge-based economies. The aim of the present res...
The Moderating Effect of Institutional Ownership on Intellectual Capital and Financial Performance of Listed Conglomerates
Purpose - The study aims to examine the moderating effect of institution on the relationship between intellectual capital on the financial performance of conglomerates in Nigeria Design/Methodology - correlational resea...