Rosemary Edememen UAGBALE-EKATAH

Department of Accounting,

Faculty of Social and Management Sciences,

Benson Idahosa University. Benin City, Edo State


Francis Nnoli UDEH

Department of Accountancy

Nnmadi Azikiwe University, Awka



The study determines the effects of intellectual capital on firm performance. This main objective was achieved using the under listed sub-objectives which were to; evaluate the magnitude to which Value Added Intellectual Coefficient affects return on equity and ascertain the degree to which Value Added Intellectual Coefficient affects gross profit margin. Ex post Facto research design was adopted and a sample of 28 from a population of 42. Data were extracted from selected African countries. Regression analysis was employed to test the hypotheses. The results show that VAIC has significant positive effect on ROE in South Africa, Kenya and Mauritius with only Nigeria recording insignificant effect. This means that Return on Equity is significantly affected by Value Added Intellectual Coefficient. The results of the regression result for this objective revealed that Nigeria, South Africa and Kenya recorded positive effect of VAIC on GPM; this shows that there is significant positive effect of Value Added Intellectual Coefficient on gross profit margin. From the findings, the study recommended among others that there is need to invest more in intellectual capital and proper disclosure of intellectual capital should be made available since it was found to have positive and significant effect on ROE in South Africa, Kenya and Mauritius and also companies should divert funds to viable projects to boost returns and attract more investors.

Keywords: Value Added Intellectual Coefficient, Return on equity and Gross profit margin


Uagbale-Ekatah, R.E & Udeh, F.N (2022). Intellectual Capital and Firm Performance in Sub-Sahara Africa. International Journal of Research in Education and Sustainable Development, 2(1), pp1-10. Available online at:

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