Board Diversity and Intellectual Capital Performance of Listed Non-Financial Service Firms in Nigeria
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Date
2023-01-26
Journal Title
Journal ISSN
Volume Title
Publisher
Universitas Negeri Semarang, Indonesia
Abstract
Purpose : This study examines the effect of board diversity on the intellectual capital
performance of listed non-financial service firms in Nigeria. This is due to the paucity
of studies in this area especially within the context of Nigeria even at the instance of the
gradual and steady shift from the industrial to information/knowledge based economy.
Method : The study employs correlational research design to examine the 44 sampled
firms for a period of ten years (2011-2020). Quantitative data extracted from the annual
reports of the firms were analysed using descriptive statistics, correlation and Fixed Effects regressions.
Findings : The regression results revealed that board composition and board size have
significant positive effect on intellectual capital performance. However, board ownership has insignificant effect on intellectual capital performance. Consequently, the study
failed to reject the second null hypothesis.
Novelty : Previous Nigerian studies concentrated on the use of traditional Value Added
Intellectual Coefficients (VAIC) which is currently considered inappropriate. Given the
previous studies, this study is novel because it uses the Modified Value Added Intellec tual Coefficient (MVAIC).
Description
The manuscript revealed the impact of diversity of the board on the performance of physical, monetary and intellectual asset of firms in the non-financial service in Nigeria.
Keywords
Citation
11. Lawal, T. Daniya, A. A. and Saidu M. (2023): Board diversity and intellectual capital performance of listed non-financial service firms in Nigeria. Accounting Analysis Journal, 11 (2): 85-93