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| Determinants of Intellectual Capital Disclosure in Nigeria |
OKOINEMEN JIMMY
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Abstract:
This work examined the determinants of intellectual capital disclosure in Nigeria. The Ordinary Least Squares data regression technique was used to analyze data. The Yamani formula for sample size determination was used to select the 65 firms quoted on the Nigeria Stock Exchange. Secondary data were used for the study and financial data of individual companies were collected from the annual reports and accounts of the companies The result revealed that there is a positive but insignificant relationship between intellectual capital disclosure and profitability with a probability value of 0.4329 above the critical value of 0.05, while the coefficient of variation and t-statistic revealed insignificant statistic 0.506224 and 0.783029 respectively. Also, there was a positive significant relationship between intellectual capital disclosure and firm size with probability value, coefficient of variation and t-statistic of 0. 0001, 0.352838 and 4.014085 respectively. Since the computed is less than the critical value of 0.05, result also revealed that there is a positive significant relationship between intellectual capital disclosure and financial leverage with a probability value of 0.0147 less than the critical value of 0.05, while the coefficient of variation and t-statistic revealed a significant statistic 0.121529 and 2.450427 respectively.It was also revealed that there is a positive and significant relationship between intellectual capital disclosure and company age as define by the date or year that the company was listed with a probability value of 0.0000 less that the critical value of 0.05, while the coefficient of variation and t-statistic revealed insignificant statistic 0.035573 and 8.314596 respectively. Consequently, the recommendations were given; Investors in Nigeria Stock Market should make their investment in shares by watching the level of human capital information disclosed by the companies, Companies were also advised to disclose employee related information.
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