Effect Of Human Capital Cost On Financial Performance Of Listed Manufacturing Companies In Nigeria:- Nwangwa, David O
ABSTRACT
This study examined the effect ofcapitalizing
human capital cost onfinancial performance. The study employed ex post facto
research design. Data for analysis was (gotten\from the published
financialreports of8 listed manufacturing companiesspanning aperiod of8 years
(2013 to 2020). Simple regression model was used to analyze the data
generatedwith the aid ofE-view. Findingsfrom the study revealed that
capitalizing human capital acquisition & development costs has a
significant positive effect on ROE and EPS oflisted manufacturing companies in
Nigeria and insignificant effect on ROA. Based on the findings the study
recommends that manufacturing companies should capitalizing their human
'capital costs and attach information about the value ofhuman capital and the
result oftheir performance during their accounting year so as to ensure that
the cost ofacquiring and developing these personnel is recouped through
amortizations. This will give room for more investment in human resource and be
extension, enhance thefinancialperformance ofthe company
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-- (2026). Effect Of Human Capital Cost On Financial Performance Of Listed Manufacturing Companies In Nigeria:- Nwangwa, David O. Mouau.afribary.org: Retrieved Apr 22, 2026, from https://repository.mouau.edu.ng/work/view/effect-of-human-capital-cost-on-financial-performance-of-listed-manufacturing-companies-in-nigeria-nwangwa-david-o-7-2
--. "Effect Of Human Capital Cost On Financial Performance Of Listed Manufacturing Companies In Nigeria:- Nwangwa, David O" Mouau.afribary.org. Mouau.afribary.org, 22 Apr. 2026, https://repository.mouau.edu.ng/work/view/effect-of-human-capital-cost-on-financial-performance-of-listed-manufacturing-companies-in-nigeria-nwangwa-david-o-7-2. Accessed 22 Apr. 2026.
--. "Effect Of Human Capital Cost On Financial Performance Of Listed Manufacturing Companies In Nigeria:- Nwangwa, David O". Mouau.afribary.org, Mouau.afribary.org, 22 Apr. 2026. Web. 22 Apr. 2026. < https://repository.mouau.edu.ng/work/view/effect-of-human-capital-cost-on-financial-performance-of-listed-manufacturing-companies-in-nigeria-nwangwa-david-o-7-2 >.
--. "Effect Of Human Capital Cost On Financial Performance Of Listed Manufacturing Companies In Nigeria:- Nwangwa, David O" Mouau.afribary.org (2026). Accessed 22 Apr. 2026. https://repository.mouau.edu.ng/work/view/effect-of-human-capital-cost-on-financial-performance-of-listed-manufacturing-companies-in-nigeria-nwangwa-david-o-7-2