Intellectual Capital and Economic Value Added of Quoted Service Firms in Nigeria

Ifurueze, Meshack Shedrack; Agubata, Nonye Stella | Emeka-Nwokeji, Nkechi; Okoye, Nwamaka Janefrances

Title:
Intellectual Capital and Economic Value Added of Quoted Service Firms in Nigeria

Authors:
Okoye, Nwamaka Janefrances | Ifurueze, Meshack Shedrack | Agubata, Nonye Stella | Emeka-Nwokeji, Nkechi

Cite This Article :

Okoye, Nwamaka Janefrances | Ifurueze, Meshack Shedrack | Agubata, Nonye Stella | Emeka-Nwokeji, Nkechi "Intellectual Capital and Economic Value Added of Quoted Service Firms in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-2, February 2021, pp.382-391, URL: https://www.ijtsrd.com/papers/ijtsrd38442.pdf

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Abstract :
This study assessed the nexus between Intellectual Capital and Economic Value Added of quoted service firms in Nigeria for a ten year period covering from 2010-2019. Human Capital Efficiency, Structural Capital Efficiency and Capital Employed Efficiency were used to proxy Intellectual Capital, while Economic Value Added served as the dependent variable. Ex-Post facto research design was employed. Fifty one (51) quoted service firms constituted the sample size of this study. Secondary data were extracted from the annual reports and accounts of the sampled firms and were analysed using E-Views 10.0 statistical software. The study employed inferential statistics using Pearson correlation, Heteroskedasticity test and Panel Least Square (PLS) regression analysis. Findings from the empirical analysis showed that there is a significant positive relationship between Human Capital Efficiency, Structural Capital Efficiency Capital Employed Efficiency and Economic Value Added at 5% level of significance. It was recommended inter alia that firms should invest more in Human Capital Efficiency to improve performance.

Keywords :
Intellectual Capital, Economic Value Added, Human Capital Efficiency, Value Added intellectual Coefficient

Publication Details:

Unique Identification Number : IJTSRD38442

Published In : Volume-5 | Issue-2, February 2021

Page Number(s) : 382-391

Publisher Name : IJTSRD | www.ijtsrd.com | E-ISSN 2456-6470

Copyright © 2019 by author(s) and International Journal of Trend in Scientific Research and Development Journal. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0)

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