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The Value Relevance of Recognized Intangible Assets and Market Value Added of Listed Deposit Money Banks in Nigeria

Author

Listed:
  • Muhammad Surajo Abdulwahab

    (Department of Accounting, Federal University Dutse, Jigawa State, Nigeria)

  • Ishaq Alhaji Sama’ila, PhD

    (Department of Accounting, Bayero University Kano, Kano State, Nigeria)

  • Ibrahim Magaji Barde, PhD

    (Department of Accounting, Bayero University Kano, Kano State, Nigeria)

Abstract

This study examines whether recognized intangible assets are value-relevant to the market valuation of listed deposit money banks in Nigeria. The study adopts an ex-post facto panel research design and uses secondary data from the audited annual reports of 13 sampled listed deposit money banks for 2015–2024, producing 130 bank-year observations. The study is anchored principally on the Ohlson (1995) equity valuation framework and complemented by the Resource-Based View and Signaling Theory. Recognized intangible assets are measured as the natural logarithm of total recognized intangible assets, while Market Value Added (MVA) is measured as market capitalization less book value of equity. Bank size and leverage are included as control variables. Based on the regression estimates supplied for the study, the Hausman specification test does not reject the random-effects specification (χ² = 2.6133, p = 0.4552). The random-effects estimates show a positive and statistically significant association between recognized intangible assets and MVA (β = 3.1850, p

Suggested Citation

  • Muhammad Surajo Abdulwahab & Ishaq Alhaji Sama’ila, PhD & Ibrahim Magaji Barde, PhD, 2026. "The Value Relevance of Recognized Intangible Assets and Market Value Added of Listed Deposit Money Banks in Nigeria," International Journal of Latest Technology in Engineering, Management & Applied Science, RSIS International, vol. 15(9), pages 1954-1963, September.
    • Handle: RePEc:bjf:ijltem:v:15:y:2026:i:9:a:425
    DOI: 10.51583/IJLTEMAS.2026.150900074
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