Title:
INTELLECTUAL CAPITAL AND GROWTH STRATEGIES: A Study of Selected Quoted Service Companies in Nigeria

Authors:
EGBERI, Agbarha Kelvin PhD, OMOGBIYA, O. Shulamite, Nigeria

Abstract:

The viewpoint that intellectual capital affects the growth strategies of companies is widely shared in developed countries; however, whether this is the case for Nigerian companies is an issue not deeply researched.  Consequently, the effect of intellectual capitals on growth strategies of quoted service companies in Nigeria was examined. This paper employs the resource-based theory as its theoretical framework.  The study was carried out by means of a sample of 297 employees of quoted service companies. Questionnaire was the major instrument of data collection and the Ordinary Least Square estimation technique was employed in the analysis of data. The results revealed that all the intellectual capital measures (social and structural) positively and significantly impact on growth strategies. In view of the findings, the study recommends the need for management of companies to improve both the structural and social capitals by way of committing more resources in this aspect. This study contributes to knowledge by reaffirming the viewpoints of prior studies on the nexus between intellectual capitals and growth strategies of companies as well as establishing that social and structural capital impacts positively and significantly on growth strategies.