Intellectual Capital Reporting and Share Price Volatility of Quoted Financial Companies in Nigeria (2012- 2021)

Ademola Adeniran Adewumi and Rotimi Adetayo Adedokun
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Ademola Adeniran Adewumi: Federal Polytechnic, Ile-Oluji, Ondo State, Nigeria
Rotimi Adetayo Adedokun: Federal Polytechnic, Ile-Oluji, Ondo State, Nigeria

International Journal of Research and Innovation in Social Science, 2023, vol. 7, issue 6, 1370-1380

Abstract: This study empirically examined the nexus between intellectual capital and the share price volatility of quoted financial companies in Nigeria from year 2011 to 2021. The sample comprised of thirteen money deposit banks that are listed on the Nigeria stock exchange market over the period between 2011 and 2021. Data from 13 listed banks from 2011-2021 were analyzed using descriptive and inferential statistics. The results showed that advertisement cost had a significant positive effect on share price volatility as a result of p-value of the t-statistics calculated for AD is less than the critical value of 5% (p-values 0.05). The p-value of the t-statistics calculated for STVA is greater than the critical value of 5% (p-values > 0.05), Structural Capital Value Added was not significant, while Value Added Capital Employed and Value Added Human Capital positively influenced share price volatility as a result p-value of their t-statistics calculated being less than the critical value of 5% (p-values

Date: 2023
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