Abstract: Business internationalization has created distinctive characteristics in the manufacturing industry, one of which is the removal of trade barriers among nations to facilitate market expansion and improve healthy competitions among business organizations. This study sought to establish the effect of international proprietary rights on financial performance of listed manufacturing companies in Nigeria. Correlational survey research was utilized in this study. The study’s target population is 74 seventy-four listed manufacturing companies in Nigeria. The study used 30% of the target population as the sample size which was 22 companies. The study used stratified random sampling to select 22 companies from the list of 74 listed manufacturing companies. The study targeted the top management of the companies. The secondary data was collected from the company’s financial reports in order to inquire about business internationalization and financial performance of listed manufacturing companies. Descriptive and inferential statistics were used to analyse the data in this research. Specifically, descriptive statistics related to means, minimum, maximum and standard deviation. The study used multiple linear regression models to show the effect of international proprietary rights on financial performance of the listed Nigerian manufacturing companies. The effect of international proprietary rights on financial performance was found to be positive but insignificant using primary data but they findings were significant using secondary data. Based on the finding of the study, the study concludes that international proprietary rights influence the financial performance of the companies that have internationalized their operations. The study concluded that listed manufacturing companies that are struggling to finance their operations must seek international partners to partner with. The study recommended that efforts should be made by the management of the listed manufacturing companies to make the sector attractive in order to attract more foreign direct investment, engage in foreign trade and seek for foreign funding into the listed manufacturing companies in Nigeria in order to increase their financial performance.
Keywords: Financial performance, manufacturing companies, international proprietary rights.
Title: THE IMPACT OF INTERNATIONAL PROPRIETARY RIGHTS ON FINANCIAL PERFORMANCE OF LISTED MANUFACTURING COMPANIES IN NIGERIA
Author: Yakubu Yahaya, Dr. Hafiz Baba
International Journal of Social Science and Humanities Research
ISSN 2348-3156 (Print), ISSN 2348-3164 (online)
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