The latest transition of manufacturing agricultural production as a result of a unique generation of human capital in new economic conditions

Inna Gennadievna Kuznetsova (), Hilary Izuchukwu Okagbue, Alla Borisovna Plisova, Elena Evgenyevna Noeva, Mariya Vladimirovna Mikhailova and Galina Vladimirovna Meshkova
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Inna Gennadievna Kuznetsova: Novosibirsk State Agrarian University, Russian Federation
Hilary Izuchukwu Okagbue: Covenant University, Nigeria
Alla Borisovna Plisova: Russian Technological University, Russian Federation
Elena Evgenyevna Noeva: North-Eastern Federal University, Russian Federation
Mariya Vladimirovna Mikhailova: I.M. Sechenov First Moscow State Medical University, Russian Federation
Galina Vladimirovna Meshkova: Bauman Moscow State Technical University, Russian Federation

Entrepreneurship and Sustainability Issues, 2020, vol. 8, issue 1, 929-944

Abstract: This paper studies problems in human capital formation at the present stage of World economic development. The authors conduct a correlation and regression analysis of the dependence of financial indicators of agricultural organizations and enterprises with workers’ qualifications. The results suggest that the qualifications of workers significantly affect the financial stability of agricultural enterprises, and that state authorities and businesses often fail to place sufficient emphasis on improving the qualification level of employees. The study shows that the degree of acceleration of human capital of employees affects cost efficiency, net profit, gross revenue, and other resulting indicators. The following methods were used in the research: monographic, statistical-economic, and correlation and regression analysis.

Keywords: human capital; resulting indicator; cost efficiency; net profit; revenue; profitability (search for similar items in EconPapers)
JEL-codes: O15 O47 Q13 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ssi:jouesi:v:8:y:2020:i:1:p:929-944

DOI: 10.9770/jesi.2020.8.1(62)

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