Journal of
Accounting and Taxation

  • Abbreviation: J. Account. Taxation
  • Language: English
  • ISSN: 2141-6664
  • DOI: 10.5897/JAT
  • Start Year: 2009
  • Published Articles: 92

Full Length Research Paper

The impact of intellectual capital on the financial performance of listed Nigerian food products companies

Shafi’u Abubakar Kurfi
  • Shafi’u Abubakar Kurfi
  • Department of Accounting, Umaru Musa Yar’adua University, Katsina State, Nigeria.
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Noraza Mat Udin
  • Noraza Mat Udin
  • Tunku Putri Intan Safinaz School of Accountancy, Universiti Utara Malaysia, Malaysia.
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Saleh Muhammad Bahamman
  • Saleh Muhammad Bahamman
  • Department of Accountancy, Gombe State University, Gombe State, Nigeria.
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  •  Received: 02 January 2017
  •  Accepted: 26 July 2017
  •  Published: 31 December 2017

Abstract

This study examines the impact of intellectual capital (IC) on financial performance of listed Nigerian food products companies for five year period 2010 to 2014 by adopting Pulic model of IC known as value added intellectual coefficient (VAIC). Regression models are used to test the hypotheses of the study where the results show that there was positive significant influence of IC on financial performance. Specifically, the results showed that structural capital (SC) and capital employed (CE) influence the financial performance of Nigerian food products companies. Based on the resource-based theory, the results prove that companies can enhance financial performance by emphasising on IC especially in food products companies.

 

Key words: Intellectual capital, VAIC, financial performance, Nigeria.