Exploring the relevance of intellectual capital recognition in the financial statements of listed insurance companies in Nigeria

Oloke, Emmanuel (2023) Exploring the relevance of intellectual capital recognition in the financial statements of listed insurance companies in Nigeria. Doctoral thesis, University of Wales Trinity Saint David.

[img]
Preview
Text
Oloke, Emmanuel (2023) DBA Exploring the relevance of intellectual capital.pdf - Accepted Version
Available under License Creative Commons Attribution Non-commercial No Derivatives.

Download (5MB) | Preview

Abstract

The purpose of this research is to explore the relevance of Intellectual Capital recognition in the financial statements of listed insurance companies in Nigeria with a focus on the cities of Abuja and Lagos. The scope of this research was limited to the review and analysis of the relevance of intellectual capital recognition in the financial statements of listed insurance companies for the period 1st January 2015 to 31 December 2020 in developing countries, using Nigeria as a case study. This study employed a mixed method (quantitative and qualitative) research design; adopting the purposive or judgement sampling method. This research utilised a combination of tools: SPSS, Multiple Regression analysis, NVivo, and Word Cloud. The field survey questionnaire, interview and content analysis were utilised with 176 questionnaires distributed. Interview data were collected from 20 out of 30 Listed Insurance companies. The response rates from the field survey and interview were 141 respondents representing 80.1%, and 20 representing 66.7% respectively. Quantitative and qualitative analyses of financial statements and annual reports of listed insurance companies were conducted. In total, 116 annual reports were analysed using NVivo. The research showed that the worth of listed insurance companies in Lagos is higher than those of Insurance companies based in Abuja. This research is one of the few to introduce the “Business recipe or strategic capital”; as the fourth capital as one of the categories of intellectual capital in listed insurance companies in Abuja and Lagos. The research established that intellectual capital components do have individual and joint effects on the performances and valuations of listed insurance companies in Abuja and Lagos. This research produced the first intellectual capital research on listed insurance companies under three recapitalisation regimes since the recapitalisation event of 2007 and during an unstable economic condition which included the covid-19 period. This research covers six years of listed insurance companies including the years 2018, 2019 and 2020, the years of varied recapitalisation introduced by the National Insurance Commission of Nigeria (NAICOM). This is the first research to apply mixed methods and data triangulation in intellectual capital research relating to the insurance industry in Abuja and Lagos, Nigeria. The results and findings have varied inferences for policy, practice and research. A local Intellectual Capital report should be encouraged as part of a mandatory management report in Nigeria as already being practised in some developed countries. The effect of covid-19 restrictions and guidelines impacted the research and resulted in changes in the strategy of the research. Travel restrictions due to covid-19 posed a major challenge for the researcher. For the full benefit of their Intellectual Capital to be derived by companies, measurement and recording of Intellectual Capital should be included in the business accounting system. Future research should include the insurance brokers, and unlisted insurance companies together with the listed insurance companies

Item Type: Thesis (Doctoral)
Uncontrolled Keywords: Accounting, Intellectual Capital, Recognition, Annual reports
Subjects: H Social Sciences > HF Commerce > HF5601 Accounting
H Social Sciences > HG Finance
Divisions: Theses and Dissertations > Doctoral Theses
Depositing User: Emmanuel Oloke
Date Deposited: 21 Aug 2023 15:03
Last Modified: 21 Aug 2023 15:03
URI: https://repository.uwtsd.ac.uk/id/eprint/2528

Administrator Actions (login required)

Edit Item - Repository Staff Only Edit Item - Repository Staff Only