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

  • Samuel Adebayo Olaoye Babcock University, Ilishan-Remo, Ogun State, Nigeria
  • Adedoyin Oluwapelumi Akingbade Babcock University, Ilishan-Remo, Ogun State, Nigeria
  • Joel Adeniyi Okewale Olabisi Onabanjo University, Ago-Iwoye

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 38, IFRS, Goodwill

Published
2020-07-20
How to Cite
OLAOYE, Samuel Adebayo; AKINGBADE, Adedoyin Oluwapelumi; OKEWALE, Joel Adeniyi. Intangible Assets and Financial Performance of Nigeria’s Deposit Money Banks. NIU Journal of Humanities, [S.l.], v. 5, n. 2, p. 391-395, july 2020. ISSN 3007-1712. Available at: <https://kampalajournals.ac.ug/ojs/index.php/niuhums/article/view/932>. Date accessed: 15 apr. 2026.
Citation Formats
Issue
Vol 5 No 2 (2020): KIU Journal of Humanities, Vol. 5 No. 2, June 2020
Section
Articles