The Intangible Assets Innovation and Firm Value of Quoted Consumer Goods Manufacturing Firms in Nigeria

IF 3 Q2 BUSINESS, FINANCE

Journal of Public Budgeting, Accounting and Financial Management Pub Date : 2023-08-29 DOI:10.56201/jafm.v8.no7.2022.pg225.234

Emeneka, Ogochukwu L., Okereke U

引用次数: 0

Abstract

This study examined the intangible assets and firm value of quoted consumer goods manufacturing firms in Nigeria from 2012-2020 periods. Ex Post Facto research design was adopted. Data were sourced from the annual reports and accounts of twenty sampled manufacturing firms. Regression analysis was employed via E-views 9.0 statistical software. Data analysis revealed that a significant and positive effect exists between intangible assets and firm value at 5% level of significance respectively. The study further concludes that the components of considered in this study are important variables in explaining Firm Value of quoted manufacturing firms in Nigeria. Since innovation in intangible assets has a positive correlation with firm value, the study suggested that businesses should maintain a culture of innovation for the purposes of increasing customer loyalty, trust, and sales.

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尼日利亚消费品制造上市公司无形资产创新与企业价值

本研究考察了2012-2020年期间尼日利亚消费品制造公司的无形资产和公司价值。采用事后研究设计。数据来源于20家抽样制造企业的年度报告和账目。采用E-views 9.0统计软件进行回归分析。数据分析表明，无形资产与企业价值之间分别在5%的显著水平上存在显著的正向影响。研究进一步得出结论，本研究中考虑的成分是解释尼日利亚上市制造企业企业价值的重要变量。由于无形资产的创新与企业价值正相关，研究建议企业应保持创新文化，以提高客户忠诚度、信任和销售。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Public Budgeting, Accounting and Financial Management Social Sciences-Public Administration

CiteScore

7.80

自引率

19.40%

发文量

期刊介绍： Published four times a year, the Journal of Public Budgeting, Accounting & Financial Management (JPBAFM) is an international refereed journal which aims at advancement and dissemination of research in the field of public budgeting, accounting, auditing, financial and performance management. The journal is committed to be an outlet for rigorous conceptual and empirical works aimed at challenging and innovating the field of accounting, management and governance in entities operating in the public sphere or public-private sphere (territorial government entities, universities, schools, hospitals as well as state-owned enterprises, hybrid organizations, public and private partnerships, non-profit organizations, NGOs, etc.).