This study evaluates the effect of intangible asset on market value added of listed ICT
firms in Nigeria from 2011 to 2019. The independent variables of interest which are
employed in other to ascertain the possible effect on market value added include;
technology based intangible assets, market related intangible assets and human capital
efficiency. To test the hypotheses the researcher adopts the hierarchical regression
technique. The results from the study reveal that market related and technology-based
intangible assets have positive significant effects on market value added, while human
efficiency has insignificant effect on market value added of ICT firms in Nigeria. The
author concludes that intangible assets have significant effects on market value added of
ICT firms in Nigeria and that a company maximizes its value by investing and disclosing
intangible assets in the financial statements. It is recommended that management of ICT
firms should update their present policy frameworks on intangible assets in order to take
into account their value relevance especially with respect to the valuation of their
companies.
