BOARD ATTRIBUTES AND INTELLECTUAL CAPITAL EFFICIENCY OF LISTED MANUFACTURING FIRMS IN NIGERIA (KEY IJP************450)

• Ahmed Yahaya Onumoh

Abstract

This study investigates the effect of board attributes on intellectual capital efficiency of Nigerian-listed manufacturing firms for ten years from 2013 to 2022. This study utilized a sample of 31 firms from a population of 66 firms. An ex post facto research design was used, and the Value-added Intellectual Coefficient was used as a proxy for intellectual capital efficiency. This study employed multiple regression techniques and analyzed the panel data through STATA 13. This study reveals that there was positive and statistically significant effect of board size and gender diversity on ICE, suggesting that better ICE is associated with larger boards and greater gender diversity on corporate boards. On the other hand, Board meeting frequency has a significant negative association, indicating that too many board meetings could be detrimental to ICE. Board independence, however, shows an insignificant effect on ICE. This study conclude that board size, gender diversity, and meeting frequency have a significant effect on ICE of listed NLMFs in Nigeria. This study recommends that Nigerian-listed manufacturing firms without females should try to have at least one female director on their board; those that have less than 10 board members should try to increase the number, as this will improve intellectual capital efficiency.