INTELLECTUAL PROPERTY RIGHT AND BUSINESS PERFORMANCE OF SOME SELECTED MANUFACTURING FIRMS IN SOUTH SOUTH NIGERIA
Keywords:
Intellectual Property Right, Technoprenuership Facilitators, Business PerformanceAbstract
This study examined the relationship between intellectual property right and business performance of some selected manufacturing firms in South-South, Nigeria. The study adopted the cross-sectional research survey design. Primary data were generated through structured questionnaire. The population of this study consisted of the 50 selected manufacturing companies, registered with the Manufacturers Association of Nigeria. The hypotheses were tested using the Spearman’s Rank Order Correlation Statistics while the partial correlation was used to test the moderating effect. It was observed that there is a significant relationship between intellectual property right and business performance of manufacturing firms in south south Nigeria. The study concludes that intellectual property right positively enhances business performance of manufacturing firms in South-South, region of Nigeria. Based on the above, it was recommended that manufacturing firms should develop a comprehensive intellectual property strategy that aligns with their business objective.