EFFECT OF HUMAN CAPITAL EXPENDITURE ON FINANCIAL PERFORMANCE OF LISTED CONSUMER GOODS FIRMS IN NIGERIA

Authors

  • Dr. Mark Edeh Department of Accounting, Miva Open University of Nigeria, Abuja
  • Dr. Nduka Trust Obinna Department of Accounting, Nile University of Nigeria, Abuja.
  • Idayat, Busari Abolanle Department of Accounting, Nile University of Nigeria, Abuja.

Keywords:

Human capital, expenditure, financial performance, consumer goods

Abstract

This study examined the effect of human capital expenditure on financial performance of listed consumer goods firms in Nigeria. The main aim of this study was to determine the effect of human capital expenditure on financial performance of listed consumer goods firms in Nigeria. The study population consisted of twenty (20) listed consumer goods firms in Nigeria. The study used purposive sampling technique. This work used secondary source of data in order to compile its findings. The independent variable is conceptualized as human capital expenditure, while the dependent variable is financial performance. The study concluded that the extent of the effect of human capital expenditure on financial performance in Nigeria is very weak and insignificant. The implication of this result is that the extent to which consumer goods firms in Nigeria embark on human capital expenditure does not significantly and positively improve the financial performance. The study recommended that the management of consumer goods firms in Nigeria should invest in the acquisition of technical capacity skills needed by their employee, which has the potential of improving the financial performance by the company

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Published

2024-06-24

How to Cite

Edeh , M. ., Nduka, . . T. O., & Abolanle, I. B. . . (2024). EFFECT OF HUMAN CAPITAL EXPENDITURE ON FINANCIAL PERFORMANCE OF LISTED CONSUMER GOODS FIRMS IN NIGERIA . Advance Journal of Management, Accounting and Finance, 9(6), 24–48. Retrieved from https://aspjournals.org/ajmaf/index.php/ajmaf/article/view/98

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