(1) Intellectual Capital has insignificant effect on Price-Earnings(P/E) Ratio of firms in Nigeria.
(2) Intellectual Capital has insignificant effect on Market to Book Value(M/BV) Ratio of firms in Nigeria.
(3) Intellectual Capital has significant effect on Earnings per Share(EPS) of firms in Nigeria.
(4) The effect of intellectual capital on Net Assets per Value Ratio(NAPS) is significant on firms in Nigeria.
(5) Intellectual Capital has significant effect on Gross Revenue per Share(GRPS) of firms in Nigeria.
(6) Intellectual Capital has significant effect on Share Price(SP) of firms in Nigeria.
Other findngs of the study are: The following findings emanates from the cross-sectional analysis:
1. HCE has a positive and insignificant effect on P/E Ratio in the Healthcare and ICT sectors.
HCE has a negative and insignificant effect on P/E Ratio in the Oil and Gas, P/HC, Brewery and Conglomerates sectors. HCE has a positive and significant effect on P/E Ratio in Food and Beverage sectors. SCE has a negative and insignificant effect on P/E Ratio in the
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Healthcare, positive and insignificant in ICT, Oil and Gas, Food and Beverage, Personal and Household Consumables(P/HC), Brewery and Conglomerates sectors in Nigeria. CEE however has a positive and significant effect on P/E Ratio in P/HC. CEE has a positive and insignificant effect on the P/E Ratio in Healthcare, Oil and Gas, Brewery and the Conglomerates. CEE however has a negative and insignificant effect on P/E in the ICT and Food and Beverage sectors.
2. HCE has a negative and insignificant effect on M/BV Ratio in Healthcare, Food and Beverage sector. HCE has a negative and significant effect on the M/BV of the ICT, Oil and Gas. HCE has a positive and insignificant influence on M/BV in P/HC, Brewery and Conglomerates. SCE has a negative and insignificant effect on M/BV Ratio{Healthcare, Food and Beverage, P/HC, Brewery and Conglomerates}. SCE has a positive and insignificant influence on{ICT, Oil and Gas sectors} in Nigeria.
CEE has a negative and significant effect on M/BV Ratio in healthcare sector. CEE has a positive and insignificant effect on M/BV Ratio {ICT industry and Brewery}. CEE also has a positive and significant effect on M/BV{Oil and Gas, Food/Beverage sector, P/HC and Conglomerates}.
3. HCE has a positive and insignificant influence on Earnings per Share(EPS) in the Healthcare, ICT, Oil and Gas industry. HCE has a positive and significant effect on EPS in Food and Beverage, Brewery. HCE has a negative and insignificant effect on SCE and EPS in {ICT, Food and Beverage, P/HC, Brewery} sectors in Nigeria. SCE has a negative and significant influence EPS in the Healthcare and Oil/ Gas. SCE has a positive and insignificant effect on EPS in the Conglomerates sector. CEE has a positive and insignificant influence on EPS {Healthcare, ICT, Oil and Gas, Food and Beverage} sectors in Nigeria. CEE has a negative and insignificant effect on EPS in the PH/C, Brewery and Conglomerates.
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4. HCE has a positive and insignificant effect on Net Asset per Share(NAPS) in the Healthcare, Oil and Gas, Conglomerates sector but has a positive and significant effect on Food and Beverage, ICT and Brewery. The effect of HCE on NAPS is negative and insignificant in P/HC. SCE has a positive and insignificant effect on NAPS is in the Healthcare,ICT, Food and Beverage, P/HC, Conglomerates. It effect NAPS is negative and insignificant in Oil/ Gas and Brewery. CEE has a positive and insignificant effect on NAPS Ratio in healthcare, ICT. The effect of CEE on P/E Ratio is positive and insignificant in ICT and brewery. The effect is however negative and significant in the Oil and Gas, P/HC. CEE has a positive and significant effect on NAPS in conglomerates. The effect is negative and insignificant in the Food/Beverage.
5. HCE has a positive and insignificant effect on the Gross Revenue per Share(GRPS) in the Healthcare, ICT,Oil and Gas, P/HC, Brewery and Conglomerates. However, the effect is positive and significant in the Food and Beverage. SCE has a GRPS is negative and insignificant in the Healthcare, Oil and Gas, Food and Beverage, Brewery and Conglomerates. SCE has a positive and insignificant effect in the ICT, P/HC sectors in Nigeria. CEE has a positive and insignificant effect on GRPS in healthcare, ICT, Food and Beverage. CEE has a negative and significant effect on Oil and Gas and Brewery. The effect is however positive and significant between the variables in the Conglomerates sector.
6. HCE has a positive and significant influence on the Share Price(SP) in the Healthcare, Brewery, Conglomerates. HCE has a negative and insignificant effect on SP in the Oil and Gas sector. HCE has a positive and significant effect on SP in the Food and Beverage industry. The effect of SCE on SP is negative and insignificant in ICT, Brewery, Healthcare, Food and Beverage and Conglomerates. SCE has a positive and insignificant effect on SP in the Oil and Gas, P/HC. CEE has a negative and insignificant effect on SP
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in Healthcare, ICT. CEE has a positive and significant effect on SP in Oil and Gas, Food and Beverage sector, brewery and conglomerates. CEE however has a positive and insignificant effect on Share Price in the P/HC.