An Assessment of the Influence of Structural Capital Disclosure on the Value of Listed Service Firms in Nigeria
Israel Seriki Akinadewo
Department of Accounting, College of Social and Management Science, Afe Babalola University, Ado Ekiti, Ekiti State, Nigeria.
Gbenga Ayodele Falana *
Department of Accounting, College of Social and Management Science, Afe Babalola University, Ado Ekiti, Ekiti State, Nigeria.
*Author to whom correspondence should be addressed.
Abstract
The purpose of this study was to assess the influence of structural capital disclosure on the value of listed service firms in Nigeria. This study employed a quantitative research approach, using data from annual reports and financial statements of 23 listed service firms in Nigeria. The sample was selected using a census sampling technique. The study used multiple regression analysis coupled with correlation analysis. From the findings that emerged from the result, the study concluded that structural capital disclosure proxy by organisational, process, and innovation capital disclosures significantly influence the value of listed service firms in Nigeria. Given this finding, the study recommends that a framework for such disclosure should be institutionalized as firms want to limit this type of disclosure because of business secrecy and competitors' disadvantage costs.
Keywords: Firm value, innovation capital disclosure, organisational capital disclosure, process capital disclosure, structural capital disclosure