Intellectual Capital Efficiency and Firm Financial Performance

This study examined the efficiency of intellectual capital and its performance on non-financial firms listed on the Nigerian Exchange Group (NGX). The results were based on the data taken from 16 companies in the non-financial sector for the year 2022 and 2023. It was found that all the independent variables had a positive significant effect on the dependent variable apart from Value-added intellectual capital which had a negative effect on performance (ROA, ROE & EBIT). The main conclusions from this particular study are that: intellectual capital is important regardless of industry type; the influence of capital employed and structural capital has a positive effect with business performance. It is recommended that; intellectual capital may be useful to companies’ managers to make better decisions pertaining to the proper deployment of their strategic assets.