Impact of competition on technology acquisition among quoted firms in Nigeria (2001-2013)
| dc.contributor.author | Oluwadare, Adekemi Jessica | |
| dc.date.accessioned | 2023-05-13T16:45:33Z | |
| dc.date.available | 2023-05-13T16:45:33Z | |
| dc.date.issued | 2015 | |
| dc.description | xii,72p | en_US |
| dc.description.abstract | This study examined the impact of competition on acquisition of technology by firms in Nigeria. The study also examined the extent to which firms acquire technology in their production processes; it examined the impact of technology on productivity growth of the firms and the influence of market structure on the acquisition of technology by firms in Nigeria. This was done with a view to providing insights into policy directions that shape competitive practices. Secondary data was used for the study. Panel data which covered forty-two (42) randomly selected non-financial firms quoted on the Nigerian Stock Exchange between 2001 and 2013 were used. Competition was measured by the price-cost margin and technology acquisition was measured as the total expenditure on research and development (R&D), technical fees/licenses and royalties. Data used were sourced from the annual reports and accounts of the firms and were analysed using tables, charts and the Arellano-Bover/Blundell-Bond Generalised Method of Moments (GMM) estimator. The results showed that about 48% of the firms invest less than 1% of their turnover in the acquisition of technology and only 9% of the firms invest more than 4% of turnover in the acquisition of technology. The results also showed that competition has a significant (p<0.05) and positive (0.142) impact on technology acquisition by firms. However, technology acquisition has a negative (-0.051) and insignificant (p>0.05) impact on productivity. The study concluded that competition strengthens technology acquisition in firms. There is, however, a negative relationship between technology acquisition and Nigerian firms’ productivity growth. | en_US |
| dc.identifier.citation | Oluwadare,A.J(2015). Impact of competition on technology acquisition among quoted firms in Nigeria (2001-2013). Obafemi Awolowo University | en_US |
| dc.identifier.uri | https://ir.oauife.edu.ng/123456789/5340 | |
| dc.language.iso | en | en_US |
| dc.publisher | Economics,Obafemi Awolowo University | en_US |
| dc.subject | Technology | en_US |
| dc.subject | Productivity growth | en_US |
| dc.subject | Nigeria stock exchange | en_US |
| dc.subject | Technology acquisition | en_US |
| dc.title | Impact of competition on technology acquisition among quoted firms in Nigeria (2001-2013) | en_US |
| dc.type | Thesis | en_US |