{"title":"Intellectual capital management and organisational performance of small and medium enterprises in Oyo State, Nigeria","authors":"F. Omotayo, Ojinga Gideon Omiunu","doi":"10.1504/IJLIC.2019.10022325","DOIUrl":null,"url":null,"abstract":"The paper investigates the influence of intellectual capital (IC) on operational and financial performance of small and medium scale enterprises (SMEs) in Oyo State, Nigeria. Questionnaire was used to collect data from 210 SMEs owners. The conceptual model and relationships among independent and dependent variables were tested by partial least squares-structural equation modelling (PLS-SEM), using SmartPLS3. The study found no significant relationship between the IC components (human capital, structural capital and relational capital) and performance of the SMEs. However, a significant relationship was observed when the variables were jointly considered. The study provides SMEs owners the awareness on the need to manage their IC effectively and efficiently in order to maximise long-term profitability and competitiveness, and also offers insightful implications to academics and practitioners on the importance of IC components on Nigerian SMEs performance.","PeriodicalId":35448,"journal":{"name":"International Journal of Learning and Intellectual Capital","volume":" ","pages":""},"PeriodicalIF":1.4000,"publicationDate":"2019-06-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"3","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of Learning and Intellectual Capital","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1504/IJLIC.2019.10022325","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"BUSINESS","Score":null,"Total":0}
引用次数: 3
Abstract
The paper investigates the influence of intellectual capital (IC) on operational and financial performance of small and medium scale enterprises (SMEs) in Oyo State, Nigeria. Questionnaire was used to collect data from 210 SMEs owners. The conceptual model and relationships among independent and dependent variables were tested by partial least squares-structural equation modelling (PLS-SEM), using SmartPLS3. The study found no significant relationship between the IC components (human capital, structural capital and relational capital) and performance of the SMEs. However, a significant relationship was observed when the variables were jointly considered. The study provides SMEs owners the awareness on the need to manage their IC effectively and efficiently in order to maximise long-term profitability and competitiveness, and also offers insightful implications to academics and practitioners on the importance of IC components on Nigerian SMEs performance.
期刊介绍:
Strategy management is concerned with understanding the forces and causes that explain performance differences between organisations. One approach studies industry structures as external determinants of organisational performance. An alternative approach focuses on internal resources and capabilities as sources of sustained competitive advantage. This is the resource and capabilities theory of the firm. On the other hand, the knowledge-based view of the firm considers the firm as a repository of knowledge-based resources and capabilities. To the extent that these resources and capabilities are unique, rare, difficult to imitate and non-substitutable, they confer sustained competitive advantage on the firm.