The broad objective of this study was to establish the moderating effect of corporate culture on the relationship between intellectual capital and organizational performance of firms listed on Nairobi Securities Excha...The broad objective of this study was to establish the moderating effect of corporate culture on the relationship between intellectual capital and organizational performance of firms listed on Nairobi Securities Exchange. The review of literature provided conceptual and empirical gaps that formed the basis of the conceptual hypotheses. Two hypotheses were deduced from general objective： Intellectual capital has a significant influence on corporate performance; corporate culture moderates the relationship between intellectual capital and corporate performance. A cross-section research design was adopted. A survey questionnaire was the main tool of data collection and was distributed to the 50 heads of human resource departments in the different firms＇ period covering four financial years from 2009 to 2012. The study also utilized secondary data obtained from Capital Market Authority Statistical bulletins and Nairobi Securities Exchange Handbook 2012-2013 to collect data on financial performance （ROA, ROE, and Dividend Yield）. Data were tested for reliability results showing that study dimensions were reliable, apart from task-oriented culture that had a Cronbach alpha of 0.262, thus being not considered for further analysis; thus the study relied on employee-oriented culture as a measure of corporate culture. The hypotheses were tested using multiple regression analysis and hierarchical regression respectively. Multiple regression analysis showed that intellectual capital had a significant influence on non-financial performance and no significant influence on financial measures of performance （ROA, ROE, and Dividend Yield）. Test for moderation showed that the interaction term was not significant and thus, employee-oriented culture did not moderate the relationship between intellectual capital and corporate performance. The study demonstrates importance of the influence of intellectual capital on non-financial performance of firms listed on Nairobi Securities Exchange. The results show that interplay among human capital, social capital, and organization capital is important for firms listed on Nairobi Securities Exchange and that the firms should nurture the employees into sharing their knowledge by creating internal and external networks and also creating support system within the organization to retain the knowledge.展开更多
Vocational students generally English foundation is weak, not strong interest in learning how to guide students to learn to think independently, to stimulate students＇ curiosity, is a series of problems faced by Engl...Vocational students generally English foundation is weak, not strong interest in learning how to guide students to learn to think independently, to stimulate students＇ curiosity, is a series of problems faced by English teachers in vocational college. In this paper, the issues currently facing vocational English education was of, and the corresponding countermeasures. With the development of economic and trade globalization, increasingly strengthened international exchanges. Society is not only high-level personnel to graduate raised higher and higher English proficiency requirements, the ability to develop applications based English Education in Higher Colleges also put forward higher requirements. Vocalional Training Colleges for professional and technical personnel is an important part of our personnel training requirements for rapid economic development of professional and technical personnel in addition to high technical expertise, but also need to understand the professional literature information inquiry, learning and further education. Therefore, we must from the height of the times and the needs of international competition to recognize new opportunities and challenges of English teaching in higher vocational colleges are facing a variety of approaches and strive to improve our English teaching level.展开更多
文摘The broad objective of this study was to establish the moderating effect of corporate culture on the relationship between intellectual capital and organizational performance of firms listed on Nairobi Securities Exchange. The review of literature provided conceptual and empirical gaps that formed the basis of the conceptual hypotheses. Two hypotheses were deduced from general objective： Intellectual capital has a significant influence on corporate performance; corporate culture moderates the relationship between intellectual capital and corporate performance. A cross-section research design was adopted. A survey questionnaire was the main tool of data collection and was distributed to the 50 heads of human resource departments in the different firms＇ period covering four financial years from 2009 to 2012. The study also utilized secondary data obtained from Capital Market Authority Statistical bulletins and Nairobi Securities Exchange Handbook 2012-2013 to collect data on financial performance （ROA, ROE, and Dividend Yield）. Data were tested for reliability results showing that study dimensions were reliable, apart from task-oriented culture that had a Cronbach alpha of 0.262, thus being not considered for further analysis; thus the study relied on employee-oriented culture as a measure of corporate culture. The hypotheses were tested using multiple regression analysis and hierarchical regression respectively. Multiple regression analysis showed that intellectual capital had a significant influence on non-financial performance and no significant influence on financial measures of performance （ROA, ROE, and Dividend Yield）. Test for moderation showed that the interaction term was not significant and thus, employee-oriented culture did not moderate the relationship between intellectual capital and corporate performance. The study demonstrates importance of the influence of intellectual capital on non-financial performance of firms listed on Nairobi Securities Exchange. The results show that interplay among human capital, social capital, and organization capital is important for firms listed on Nairobi Securities Exchange and that the firms should nurture the employees into sharing their knowledge by creating internal and external networks and also creating support system within the organization to retain the knowledge.
文摘Vocational students generally English foundation is weak, not strong interest in learning how to guide students to learn to think independently, to stimulate students＇ curiosity, is a series of problems faced by English teachers in vocational college. In this paper, the issues currently facing vocational English education was of, and the corresponding countermeasures. With the development of economic and trade globalization, increasingly strengthened international exchanges. Society is not only high-level personnel to graduate raised higher and higher English proficiency requirements, the ability to develop applications based English Education in Higher Colleges also put forward higher requirements. Vocalional Training Colleges for professional and technical personnel is an important part of our personnel training requirements for rapid economic development of professional and technical personnel in addition to high technical expertise, but also need to understand the professional literature information inquiry, learning and further education. Therefore, we must from the height of the times and the needs of international competition to recognize new opportunities and challenges of English teaching in higher vocational colleges are facing a variety of approaches and strive to improve our English teaching level.
