INTELLECTUAL CAPITAL MANAGEMENT AND MARKET VALUE OF LISTED CONGLOMERATES IN NIGERIA

Authors

  • Ngozi Nwadi Adimora Department of Accountancy, Faculty of Management Sciences, Nnamdi Azikiwe University, Awka, Anambra State, Nigeria Author
  • Chidiebele Innocent Onyali Department of Accountancy, Faculty of Management Sciences, Nnamdi Azikiwe University, Awka, Anambra State, Nigeria. Author
  • Chinedu Jonathan Ndubuisi Department of Accountancy, Faculty of Management Sciences, Nnamdi Azikiwe University, Awka, Anambra State, Nigeria. Author

Keywords:

Capital Employed Management, Human Capital Management, Intellectual Capital, Market Value, Structural Capital Management

Abstract

 The study examined the effect of intellectual capital on market value of listed conglomerates in Nigeria. The study specifically examined how the effect of human capital management, structural capital management and capital employed management on market value of shares. The study adopted the ex-post facto research design; as the goal was not to manipulate any variable but rather to establish effect and mediation. The population comprised listed conglomerates and the sample restricted to a purposive sample of five (5) firms whose annual reports were accessible and contained the needed data for the period of 11 years from 2013-2023 which was the time scope of this study. The data were analysed using the Ordinary Least Square (OLS) regression. The results showed human capital management has a significant positive effect on market value of listed conglomerates while structural capital management and capital employed management have a significant negative effect.

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Published

2025-01-03

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Articles