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Intellectual Capital and Corporate Sustainability Growth in Firms Listed in Nigerian Stock Exchange

Received: 21 February 2023     Accepted: 13 March 2023     Published: 28 March 2023
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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.

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

Keywords

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

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    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

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    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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  • @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}
    }
    

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  • 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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Author Information
  • Department of Accounting, Babcock University, Ilishan-Remo, Nigeria

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