HUMAN CAPITAL EFFICIENCY AND PROFITABILITY OF LISTED OIL AND GAS FIRMS IN NIGERIA

Agbi Eniola Samuel, Popoola Abiodun and Edem Dorothy Patrick
Additional contact information
Agbi Eniola Samuel: Nigerian Defence Academy, Kaduna, Postal: Department of Accounting and Management, Faculty of Arts and Social Sciences,, Nigeria, http://www.icanig.org/
Popoola Abiodun: ABU Business School, Zaria, Nigeria, Postal: Department of Economics, http://www.icanig.org
Edem Dorothy Patrick: Nigerian Defence Academy, Kaduna, Postal: Department of Accounting and Management, Faculty of Arts and Social Sciences,, Nigeria, http://www.icanig.org

International Journal of Contemporary Accounting Issues-IJCAI (formerly International Journal of Accounting & Finance IJAF), 2020, vol. 09, issue 1, 47-68

Abstract: This study examined the effect of Human Capital Efficiency on profitability of listed oil and gas firms in Nigeria covering a period from 2006 to 2018 using ex-post facto research design. From a population of 12, 9 firms were selected purposively on the basis of data availability and period of listing. Secondary data was sourced from annual audited financial reports of sampled firms as well as from Nigerian Stock Exchange (NSE) facts sheets. The dependent variable is profitability which was computed as Return on Assets (ROA) while the independent variables are Human Capital Efficiency (HCE), Value Added Intellectual Coefficient (VAIC), and Firm Size (FIZ). The regression result revealed that both HCE and VAIC had significant positive effect on ROA. Stemming from this, the study concludes that human capital is very vital in determining the profitability of listed oil and gas firms in Nigeria. The major recommendation of the study was that management of oil and gas firms should strategically invest more in human capital through continuous manpower development as well as provision of adequate incentives to boost productivity and by extension increase profitability.

Keywords: Human Capital; Profitability; Return on Assets; Oil and Gas firms; Value Added Intellectual Coefficient; Human Capital Theory (search for similar items in EconPapers)
Date: 2020
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://research.icanig.org/documents/Human-Capita ... Firms-in-Nigeria.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:ijafic:0032

Access Statistics for this article

International Journal of Contemporary Accounting Issues-IJCAI (formerly International Journal of Accounting & Finance IJAF) is currently edited by Ijoema Anasa and Ochuko Jeff Odesa

More articles in International Journal of Contemporary Accounting Issues-IJCAI (formerly International Journal of Accounting & Finance IJAF) from The Institute of Chartered Accountants of Nigeria (ICAN)
Bibliographic data for series maintained by Daniel Akanbi ().