Green Intellectual Capital and Sustainability Balance Scorecard – A Nexus to Sustainable Business in Nigeria
May 31, 2023
Business sustainability is the peak objective of every business organization regardless of the nature or size. Any firm that lacks an appropriate business sustainability strategy will face a disastrous business tragedy. This study aimed to established the effects of green intellectual capital on business sustainability of listed manufacturing firms in Nigeria. The independent variable is the green intellectual capital (GIC) proxied by green human capital (GHC), green organisational capital (GOC), green relational capital (GRC), stakeholders’ integration (STI), environmental management competence (EMC) and green marketing (GRM). The dependent variable is the business sustainability proxied by sustainability balance scorecard (SBSC). The study adopted survey research design. The population of the study was 53,404 staff out of which 665 were chosen using the adjusted taro Yamane formula. Data were obtained from the selected staff through questionnaire administered physically and electronically. The study obtained 83% response rate. The study adopted both descriptive and inferential statistical analysis (multiple regression). The study discovered that the GIC proxies positively and significantly influence the business sustainability construct (SBSC) with the adj. R2 = 49% F (7, 422) = 59.765, p-value < 0.05. The study recommended that corporate entities should see green strategies and practices as part of their norms. Also, organisations should adopt a robust performance measurement systems (PMS) such as the sustainable balance scorecard that incorporate both the financial and non-financial measures for business sustainability suitable for the prevailing business environment.
Abimbola A., J., Alao, D. (Mrs) E. M., & Adegbie, P. F. (2023). Green Intellectual Capital and Sustainability Balance Scorecard – A Nexus to Sustainable Business in Nigeria. Account and Financial Management Journal, 8(5). Retrieved from http://everant.org/index.php/afmjh/article/view/926
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7. Asiaei, K., Barani, O., Bontis, N. & Arabahmadi, M. (2021). Unpacking the black box. How intrapreneurship intervenes in the intellectual capital performance relationship. Journal of Intellectual Capital 21(6), 809-834. DOI: 10.1108/JIC-06-2019-0147.
8. Asiaei, K. and Bontis, N. (2019). Translating knowledge management into performance: the role of performance measurement systems. Management Research Review 43(1), 113-132.
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20. Chaker, F., Idrissi, M. A. J., Manouar, A.E. (2017). A Critical Evaluation of the Sustainability Balanced Scorecard as a Decision Aid Framework. International Journal of Applied Engineering Research 12(14), 4221-4237.
21. Chaudhary, R. (2019). Green human resource management and job pursuit intention: Examining the underlying processes. Corporate Social Responsibility Environmental Management 26 (4), 929–937. doi:10.1002/csr.1732.
22. Chen, Y. S. (2008). The Positive Effect of Green Intellectual Capital on Competitive Advantages of Firms. Journal of Business Ethics, 77(3), 271–286.
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