Abstract
Purpose - The study aims to examine the moderating effect of institution on the relationship between intellectual capital on the financial performance of conglomerates in Nigeria
 Design/Methodology - correlational research design which is based on historical data extracted from annual report and accounts of the sample firm on NSE. Firms were chosen based on censor sampling method. Eleven years of financial data were used. Multiple regression analysis was employed to analyze the data extracted.
 Findings - The results from pooled ordinary least square regression (OLS) and Fixed effect revealed that intellectual capital indexed by a value-added intellectual coefficient (VAIC) has a positive and significant impact on financial performance indexed by return on asset (ROA) of listed conglomerate firms in Nigeria. Furthermore, the interaction effect of institutional ownership was found to be positive and significant
 Practical Implications - The study recommends that institutional shareholders should invest more in shares of listed conglomerate firms in Nigeria and that management should recognize the effort and understand the importance of intellectual capital toward improving firm performance.
Highlights
In today's global competitive market, intellectual capital (IC) has become one of the essential components of business and strategic resources with more sustainable to remain relevant in a competitive environment (Hayati, Yurniwati, & Putra, 2015)
Intellectual capital is the efforts of an organizational employee put into an entity in the form of intangible assets that determine the value of its competitiveness (Uzoma & Rita, 2017)
The results from the ordinary least square regression analysis revealed that Human capital has a positive and insignificant impact on revenue growth, whereas positive and significant to return on investment
Summary
In today's global competitive market, intellectual capital (IC) has become one of the essential components of business and strategic resources with more sustainable to remain relevant in a competitive environment (Hayati, Yurniwati, & Putra, 2015). The corporate performance was previously linked to its income and expenses level of the business, but today this assertion loses its absolute meaning and impact, as it has been supposed that organization's performance was due to proper management of intellectual capital (Karami, Moradi, & Rezaie, 2015). It has been established in the extant literature that intellectual capital plays a key role in determining firm performance (Chidiebere & Ph, 2013). This study intends to examine the role of institutional ownership on the relationship between intellectual capital and the firm's financial performance of listed conglomerate firms in Nigeria
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