DETERMINANTS OF INTELLECTUAL CAPITAL DISCLOSURE OF LISTED CONSUMER AND INDUSTRIAL GOODS COMPANIES IN NIGERIA

Terhile James Tyohen, PhD, Miriam Nguavese Nyikyaa, PhD, Ibrahim Hassan Jimba, PhD, Okechukwu Okonkwo, PhD

Abstract


This study examines the determinants of intellectual capital disclosure of listed consumer and industrial goods companies in Nigeria. The study adopts ex post facto research design. The population of the study comprised of 34 (21 consumer goods and 13 industrial goods) companies as at 31st December 2022 listed on the Nigerian Exchange Group (NGX) of which thirty (30) firms were taken as the sample size using purposive sampling technique. Data from 2013 to 2022 were analysed using multiple regression. Finding revealed that firm size, leverage, audit committee meeting and audit committee financial expertise have significant positive effect on Intellectual Capital (IC) disclosure, while audit committee size has an insignificant positive effect on IC disclosure. Companies with huge total asset should ensure that IC is been disclosed annually. This is because the bigger a company is in terms of firm size, the higher the demand for the disclosure of IC.


Keywords


Audit Committee’s Characteristic, Intellectual Capital Disclosure, Firm Characteristics, Leverage.

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