The Moderating Effect of Institutional Ownership on Intellectual Capital and Financial Performance of Listed Conglomerates

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.

Structural Relationship of Technology Adoption and Performance Factors in UAE Manufacturing Industry

“…There is a possible link between technology adoption and firm productivity (Abdallah, 2016; S. Z. Ahmad et al, 2019;Kibiya et al, 2019;Nuseir & Aljumah, 2020;Papadopoulos, Baltas, & Balta, 2020b). However, the link between technology adoption and firm productivity is not always clear.…”

Financial attributes, real earnings management and corporate tax planning of listed manufacturing firms in Nigeria

“…Similarly, Adegbite and Adeniji (2018) examined the impact of firm attributes on tax planning in the Nigerian oil and gas sector and identified leverage as a significant factor. Other studies conducted by Ogbeide (2017); Salaudeen (2017); Salaudeen and Eze (2018); Adegbite and Bojuwon (2019); Kibiya and Aminu (2019) and Yahaya and Yusuf (2020) have also utilized various financial attributes. However, none of the studies in Nigeria have utilized earnings per share (EPS) as a measure of financial attributes, which is included in this study.…”

“…Furthermore, limited research has considered the effect of liquidity on tax planning in both developed and developing economies. Despite the prevailing belief that financial attributes (profitability, leverage, and liquidity) motivate tax planning, previous investigations have yielded mixed results (Aghouei & Moradi, 2015;Chen & Zolotoy, 2014;Firmansyah & Febriyanto, 2018;Jamei & Khedri, 2016;Kałdoński & Jewartowski, 2020;Kibiya & Aminu, 2019;Ogbeide, 2017;Pettersson & Wu, 2015;Prastiwi, 2017;Rani, Susetyo, & Fuadah, 2018;Ribeiro, 2015).…”