CONCLUSION
The pivot research issue of this paper was to investigate the structural links and resulting impacts of CS measures on IC efficiency (VAIC) and IC efficiency on the firm’s financial performance. The study was situated to conclude that CS – IC – Financial Performance relationship through empirical investigation. The path coefficient values (β) confirm the premise that there is a high negative correlation between leveraged CS measures, IC efficiency though at statistically insignificant level. Also, a positive link was found between IC efficiency and corporate Financial Performance of listed Banks
This paper concludes that banks with high level of IC efficiency can generate greater corporate values like profitability, returns on investment and Earnings per share while reducing the negative impact associated with high leverage in their capital structure. The latter conclusion is consistent with work of Aslam et al (2014), Ekwe (2013) and Mankiw, et al (1992). IC to CS concurred with the work of Yang and Lin, (2009); Badinger and Tondl (2005), Chen et al., (2005); Radhakrishnan, (2003).
Given the fact that the study is the first of its kind to use these dimensions, method of analyses and VAIC adjusted model in Nigeria, the outcome should be cautiously used until further contributions to the discourse are made. This study is a single sub-sector and country study, its further expansion and in terms industry, data period and country-economic status may may create new dynamics in future study.