Abstract

The study examined impact of intellectual capital and ownership structure on performance of listed non-financial firms (industrial goods companies) in Nigeria. In particular, this work examined the contribution made by relational capital in determining the performance of non-financial firms (industrial goods companies) in Nigeria; tested the moderating effect of human capital on the performance profile of non-financial firms (industrial goods companies) in Nigeria; determined the moderating effect of structural capital on the performance of industrial goods companies in Nigeria and established the impact made by ownership structure, including institutional and government ownership on the performance of non-financial firms(industrial goods companies) in Nigeria. The study targeted the seven financial years from 2016 to 2022. Secondary data was sourced from the annual reports and accounts of the sample eleven (11) industrial goods companies in Nigeria. The research study used descriptive research design. Pre-tax income was adopted in the assessment of performance while institutional ownership structure, government ownership structure, relational capital, human capital and structural capital were adopted as independent variables with financial leverage and firm size being held constant. The study revealed that there is existence of relationships amongst ownership structure, intellectual capital and financial performance of the selected non-financial firms (industrial goods companies) in Nigeria. The study recommended that listed non-financial firms actively seek institutional investors. This can be achieved through transparent and effective communication with potential institutional investors to showcase the firms’ potential for financial growth and stability.

Keyword:  Financial growth, Investors, Ownership, Performance, Capital