Abstract
Purpose: The nature of diversification in the form of conglomerates is the research theme for this study. Thus, CG’s functions on FP on conglomerates firms of Nigerian economy was studied while applying IC as the mediating variable. 
 Design/Methodology: This research depends on archival data collected from the NSE. Firms have been chosen based on the convenient sampling method and an important parameter for judgment is Conglomerated firms. In order to get genuine results, ten years of financial data have been taken into consideration. Multiple regression technique was used to analyze the data. The software used for analysis was STATA version 14.0.
 Results: The model I of the study disclose a pessimistic and insignificant impact of board size and board independence on IC using VAIC as a proxy. In contrast, model II results disclosed that the performance of the firms was impacted by the board’s size and institutional ownership. Implying that, the greater the size of the firm as well as more shares owned by institutional shareholders the higher the profit.
 Practical Implications: Nigeria being one of the growing economies now is dependent on knowledge assets and hence it has a positive effect on the firm’s performance. Conglomeration is seen even between employee’s skills of both industries, which give a positive outcome. Hence, firms under conglomerate tags have a strong impact in relation to intellectual capital.
Highlights
Nowadays the greater dependence on knowledge by firms over and above the traditional material and financial capital proves to be a unique method of obtaining organizational significance and a means of competitive edge sustenance by enterprises (Al-Musali & Ismail, 2014)
The three study variables known as corporate governance (CG), intellectual capital (IC), and firms’ financial performance (FP) has been widely researched in different sectors such as banking, finance industry, stock exchanges of different countries in large number and a lot of data is already available with this link
Once after the articles have been selected using utmost cares the knowledge the inductor Re the concept the ideas which were found from the perspective of different types of researches
Summary
Nowadays the greater dependence on knowledge by firms over and above the traditional material and financial capital proves to be a unique method of obtaining organizational significance and a means of competitive edge sustenance by enterprises (Al-Musali & Ismail, 2014). The rapid technological evolutions, dynamic business environment have change the struggle of firms’ survival in the market, which is no longer the effective way of using the conventional approach of physical and financial assets but rather the intellectual capital (IC) due to the erudite nature of the customers (Cuganesan, 2006). CG consists of structures that entails the arrangements and guides the decision of business owners in-terms of legal actions, organizational characteristics, and the intellectual attitudes of the firms (Bueno, Paz Salmador, & Rodríguez, 2004). Future researchers can carry out a study in new dimensions considering the conglomerates, this paper as a base has a future scope
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