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Human Capital Efficiency And Profitability Of Listed Oil And Gas Firms In Nigeria

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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.

Suggested Citation

  • Eniola Samuel, Agbi & Abiodun, Popoola & Dorothy Patrick, Edem, 2020. "Human Capital Efficiency And Profitability Of Listed Oil And Gas Firms In Nigeria," International Journal of Contemporary Accounting Issues-IJCAI (formerly International Journal of Accounting & Finance IJAF), The Institute of Chartered Accountants of Nigeria (ICAN), vol. 9(1), pages 47-68, March.
    • Handle: RePEc:ris:ijafic:0032
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