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Factors influencing technology and innovation capability in the Nigerian indigenous oil firms

Author

Listed:
  • Yusuf Opeyemi Akinwale
  • John-Felix Kayode Akinbami
  • Joshua Babatunde Akarakiri

Abstract

This study investigated the factors influencing technology and innovation capabilities in Nigerian indigenous oil and gas firms. Primary data were collected through the use of questionnaire to elicit information from 150 indigenous oil firms. The result of the ordered logit regression showed that the extent of the firm's R%D captured by in-house R%D and R%D fund allocation were significant at 10% level of significance. Also, work experience of staff, qualification of staff and size of technical staff which captured human and knowledge capital of firm were significant in influencing the firms' technology capabilities. Acquisition of advanced machinery, firm's size and age and training were also significant in influencing technology capabilities of indigenous oil firms. The study suggests that both government and industry should ensure improvement in extensive training, R%D and education of the work force to enhance local capabilities in oil and gas field development.

Suggested Citation

  • Yusuf Opeyemi Akinwale & John-Felix Kayode Akinbami & Joshua Babatunde Akarakiri, 2018. "Factors influencing technology and innovation capability in the Nigerian indigenous oil firms," International Journal of Business Innovation and Research, Inderscience Enterprises Ltd, vol. 15(2), pages 247-268.
    • Handle: RePEc:ids:ijbire:v:15:y:2018:i:2:p:247-268
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    Cited by:

    1. Mohammed Belbachir & Rachid Zammar, 2021. "Innovative entrepreneurship and the development of the audiovisual sector in Morocco. The case of the Societe Nationale de Radiodiffusion et de Television [L'entrepreneuriat innovant et le développ," Post-Print hal-03313583, HAL.
    2. Tarighi, Sina & Shavvalpour, Saeed, 2021. "Technological development of E&P companies in developing countries: An integrative approach to define and prioritize customized elements of technological capability in EOR," Resources Policy, Elsevier, vol. 72(C).
    3. Mamta Tripathi & Zuby Hasan, 2023. "Can leaders power and influence strategy enhance knowledge management in research intensive organizations: a modified TISM approach," Quality & Quantity: International Journal of Methodology, Springer, vol. 57(5), pages 4725-4758, October.
    4. María Isabel Camio & María Del Carmen Romero & María Belén Álvarez & Alfredo José Rébori, 2018. "Distinctive Innovation Capabilities of Argentine Software Companies with High Innovation Results and Impacts," Administrative Sciences, MDPI, vol. 8(2), pages 1-22, April.

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