VALUE ADDED INTELLECTUAL COEFFICIENT AND SUSTAINABLE GROWTH RATE OF LISTED SERVICE FIRMS IN NIGERIA
Keywords:
Human Capital Efficiency, Structural Capital Efficiency, Sustainable Growth, Value Added Intellectual CoefficientAbstract
This study assessed the effect of value added intellectual coefficient on sustainable growth rate of listed service firms in Nigeria for eleven (11) years period covering from 2015-2025. Ex-Post facto research design was employed. Fifty one (51) quoted service firms constituted the sample size of this study. Secondary data were extracted from the annual reports and accounts of the sampled firms and were analysed using E-Views 10.0 statistical software. The study employed inferential statistics using Panel Least Square (PLS) regression analysis. Finding from the empirical analysis showed that VAIC has a significant and positive effect on sustainable growth rate (β1 = 0.063268; p-value = 0.0000) of listed service firms in Nigeria at 5% level of significance. Conclusively, this study upholds that an increase in value-added intellectual coefficients exerted 6.33% increase on sustainable growth rate. It was recommended that strategic human resources policies must also be carefully formulated and properly implemented to x-ray the possibility of including human assets in the statement of financial position of corporate entities and to promote intellectual capital reporting
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