EFFECT OF INTELLECTUAL CAPITAL ON ECONOMIC VALUE ADDED OF QUOTED NON-FINANCIAL COMPANIES IN NIGERIA
This study established the effect of intellectual capital on economic value added of quoted non-financial companies in Nigeria. Specifically this study sought to: determine the effect of Capital Employed Efficiency (CEE) on Economic Value Added of quoted non-financial companies in Nigeria, and ascertain the effect of Human Capital Efficiency (HCE) on Economic Value Added of quoted non-financial companies in Nigeria. Ex-Post Facto research design was adopted for the study and Data were extracted from audited accounts of non-financial companies in Nigeria from 2008 to 2020 (13 years). A sample size of thirty-two (32) non-financial companies was selected from a population of 124 companies. Regression analysis was used to analyze the data using E-view10.0. The result revealed that CEE and HCE have a significant positive effect on EVA of quoted non-financial companies in Nigeria at 5% level of significance. Based on the results, the study recommended among others that enlightenment campaigns in the areas of available cheap long term credit sources at concessionary interest rate and less stringent conditions should be carried out by financial stakeholders. This would assist firms acquire more tangible assets with which to improve upon their performances and enjoy economy of scale.