Intangible Assets and Financial Performance of Nigeria’s Deposit Money Banks

Intangible Assets and Financial Performance of Nigeria’s Deposit Money Banks

Author by Dr. Samuel Olaoye

Journal/Publisher: Kiu Journal Of Humanities

Volume/Edition: 5

Language: English

Pages: 391 - 395

Abstract

One of the measures of organisational
success is its financial performance. In this study, the
relationship between intangible assets and financial
returns of Nigeria’s deposit money banks (DMOs)
was investigated. Secondary data from annual reports
and account of the selected DMOs were collected and
analysed using panel ordinary least square regression,
descriptive statistics, correlation analysis and
Hausman test. Results reveal a positive but
insignificant relationship between intangible assets
and profitability of Nigeria’s deposit money banks. It
is therefore recommended that organisation should
invest significantly in intangible assets in order to
boost profitability.
Keywords: Intangible Asset, Profitability, IAS


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