Empirical Evaluation of Effects of Intellectual Capital Efficiency on Firm’s Value in Some Selected Listed Firms on Nigerian Exchange Group

This contemporary world of economy driven by information and communication technology (ICT) has at its heart the dynamic force knowledge human capital development, pivotal to a standard market class, become very vital precious asset organisations. study examined effect Intellectual Capital Efficiency on Firm’s Value in Some Selected Listed Firms Nigerian Exchange Group. Data for were extracted from annual reports accounts thirty one selected companies period 2016-2021.Datafor proxy Modified Added Coefficient (M-VAIC=HCE,SCE,RCE CEE) value estimated Market Book Value(M/BV), Earnings Per Share (EPS) Tobin Q (TQ) companies. Three research hypotheses formulated tested adopting both descriptive statistics simple regression techniques (OLS) with aid Stata 13.0 software. The findings revealed that M-VAIC have positive significant M/BV,EPS TQ Firms. Also, introduced control variable (firm size) relationship Nigeria. Consequent upon this study, it was recommended importance intellectual should not be undermined mechanism, through which flow developed, maintained improved; Since ICE been shown key driver creation, deliberate efforts made grow IC firms first recruiting competent staff, train motivate them. Companies must strategically deliberately retain staff long time avoid losing assets possessed them, could stimulate better future invest (that is capital), can help they increase their structural harnessing technology.