Effect of Human Capital Investment on Financial Performance of Listed Deposit Money Banks in Nigeria
Abstract
The study examined the effect of human capital investment on return on investment of listed deposit money banks in Nigeria covering 2010-2019 (10 years). The independent variables were proxied by staff cost, number of staff and employee compensation to sales, while the financial performance was proxied by return on investment. Secondary data for this study was extracted from the sampled twelve (12) listed deposit money banks annual financial reports for the period studied. Using the panel regression technique, it was found staff cost, employee compensation to sales and number of staff had insignificant effect on return on investment. It was therefore recommended that banks should institute effective investment plans on various aspects of staff training, retraining, seminars and workshops. Also, management should intensify initiatives, greater understanding and the balance of cost of maintaining the staff in the long run so that employee performance can be improved in the banking sector. Thus, the management should also find initiatives for greater understanding and a balance of cost of maintaining the staff in the sector.
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© 2022, Centre for Foundation and Interdisciplinary Studies, Baze University, Abuja
Electronic Publication 2022
All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, except as permitted by the copyright owner, Baze University Journal of Interdisciplinary Studies (BUJEIS), Baze University, Abuja.
