IMPLICATION OF INTANGIBLE ASSETS ON FINANCIAL PERFORMANCE OF LISTED MANUFACTURING FIRMS IN NIGERIA

Abstract

This study examined the implication of intangible assets on financial performance of listed manufacturing firms in Nigeria. This research objective is to ascertain how Goodwill (GW), Computer Software (CSW), and Investment in Research and Development (IRD) affect the return on asset of Nigerian manufacturing firms. In order to determine how intangible assets affect financial performance, the study used a panel data technique and an ex post facto research methodology. The study used fifteen manufacturing companies' audited accounts covering the years 2011–2021. Findings revealed that research and development spending (IRD), goodwill (GW), computer software (CWS) have significant relationship with ROA. Intangible assets are crucial for manufacturing organizations to measure how well their operations are running. Computer software (CSW), goodwill (GW), and investments in research and development (IRD) are examples of intangible assets that manufacturing firms should aim to increase in financial performance

Keywords: Intangible Asset, Goodwill, Computer Software, and Investment in Research and Development, Return on Asset.