INTELLECTUAL CAPITAL AND FINANCIAL PERFORMANCE OF DEPOSIT MONEY BANKS IN NIGERIA

The study examines the effect of Intellectual capital on the financial performance of Deposit Money Banks in Nigeria with emphasis on its effect of Value Added Human Capital, Structural Capital and Value Added capital employed on Return on Asset.  We employed a longitudinal research design and adopted a convenience sampling technique to select a sample of 12 banks. Secondary data were retrieved from their annual reports of the sample for the period 2012-2020 financial year. Panel data regression is chosen because of the multidimensional nature of the data which has both time or periodic dimension and also a cross-sectional dimension. Our findings reveal that (i). Value Added Human Capital has a significant effect on the Return on Assets of Deposit Money Banks in Nigeria. (ii). Value Added Human Capital has a significant effect on the Return on Assets of Deposit Money Banks in Nigeria is rejected and (iii). Structural Capital Value Added has a significant effect on the Return on Assets of Deposit Money Banks in Nigeria. We, therefore, recommend that banks should pay attention to human and intellectual capital as it plays a significant role in value creation in today's economies.