Intellectual Capital, Information Asymmetry and Cost of Equity Capital of Listed Consumer Goods in Nigerian Exchange Group

The objective of this study is to investigate statistically the influence intellectual capital disclosure (IC) on cost Equity capital. focused listed consumer goods companies in Nigerian Exchange Group. ex-post facto research approach was employed, using panel data sourced from published yearly financial reports selected firms. covered 10 years 2011 2020. Descriptive and inferential statistical tools were used analyzing data. findings confirmed our hypotheses that specify presence a substantial negative relationship between reporting with its four mechanisms (Physical capital, human structural Relational) equity). found had significant effect equity Group (AdjR 2 = 0.3733; F-Stat. 1.122; p 0.034). Nonetheless, results also showed controlling effects information Asymmetry has positive insignificant Cost common stock firm Nigeria. outcomes are great significance rule formulators organizations. Precisely, knowledge Intellectual benefits policy assessment costs gains disclosure. Furthermore, relation executives companies, revealed advantage improved IC concerning lessening their This paper provides pragmatic confirmation extent separate classifications (Physical, human; relational capital). Keywords: capital; Human Capital VAIC model; Consumer Goods, DOI: 10.7176/PPAR/13-2-01 Publication date: March 31 st 2023