Effect of Corporate Human Capital on Financial Performance of Quoted Nigerian Agricultural Firms’ (2007 – 2020)

Amalachukwu Chijindu Ananwude, Chisom Njideka Ezeaku, Chimarume Blessing Ubah and Dr Felicia Akujinma Anyanwu
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Amalachukwu Chijindu Ananwude: Department of Banking and Finance, Nnamdi Azikiwe University, Anambra State, PMB 5025, Awka, Nigeria
Chisom Njideka Ezeaku: Department of Banking and Finance, Nnamdi Azikiwe University, Anambra State, PMB 5025, Awka, Nigeria
Chimarume Blessing Ubah: Department of Banking and Finance, Nnamdi Azikiwe University, Anambra State, PMB 5025, Awka, Nigeria
Dr Felicia Akujinma Anyanwu: Department of Banking and Finance, Nnamdi Azikiwe University, Anambra State, PMB 5025, Awka, Nigeria

International Journal of Research and Innovation in Social Science, 2022, vol. 6, issue 5, 721-726

Abstract: This study examined the effect of corporate human capital on financial performance of quoted Nigerian Agricultural firms. The agricultural sector in Nigeria are faced with a lot of challenges (use of crude equipment’s in farming, improper information, agri-marketing, etc.) which hinder productivity. Specifically, the effect of human capital efficiency, capital employed efficiency and structural capital efficiency on return on assets was ascertained. Secondary data for a period 2007 to 2020 were sourced from the annual reports of all the firms quoted on the Nigerian Stock Exchange (NSE). The Panel Ordinary Least Square (POLS) and the Granger Causality test were the technique employed in estimating the models. The result of the analysis revealed that human capital efficiency and structural capital efficiency have significant effect on return on assets; Agricultural firms should improve their human capacity development (workforce be up to date on ever changing technology) to enhance productivity. This is based on the significant effect of human capital efficiency on return on assets. More investment on human and their growth in the agricultural sector is recommended as it is a significant key for the success.

Date: 2022
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