Human capital efficiency and profitability of quoted integrated oil and gas companies in Nigeria,
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Date
2019-09-19
Journal Title
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Volume Title
Publisher
Studia Universitatis Babeş‐Bolyai
Abstract
Human capital represents the engine that drives the
entity and the foundation on which organizational success rests. This
study examines the impact of human capital efficiency on profitability
of five Integrated Oil and Gas companies in Nigeria between 2008 and
2017. This was examined by means of value added intellectual
coefficient (VAIC) and it analyses how human capital efficiency affects
the profitability of these firms measured by return on assets (ROA)
and return on equity (ROE). Multiple regression technique was applied
on data to draw inferences using STATA Version 13. The finding of the
study reveals that Human capital efficiency has positive and significant
impact on the ROA of the firms under study. Based on the findings of
the study, it is therefore, recommended that integrated oil and Gas
companies in Nigeria should continue to invest more on their
employees in order to improve their performance. The study also
recommends that Human Capital should be treated as the most
valuable asset of integrated oil and Gas companies in Nigeria.
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Citation
Lawal, T. Daniya, A. A. and Ibrahim M. Y. (2019). Human capital efficiency and profitability of quoted integrated Oil and Gas companies in Nigeria. Studia UBB Negotia, 64 (3): 61-80 DOI:10.24193/subbnegotia.2019.3.01