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Employee Training Cost and Shareholder Value of Listed Oil and Gas Companies in Nigeria

Author

Listed:
  • Ann Shekwolo

    (Department of Accounting, Faculty of Administration and Management, Rivers State University, Port Harcourt, Nigeria.)

  • George T. Peters

    (Senior Lecturer, Department of Accounting, Faculty of Administration and Management, Rivers State University, Port Harcourt, Nigeria.)

Abstract

The study investigated the relationship between employee training cost and shareholder value of listed oil and gas companies in Nigeria. To achieve the specific aim of the study; the study assessed the relationship that exists between employee training cost and cash flow return on investment of listed oil and gas companies in Nigeria. The study adopted a cross-sectional survey research design. 191 top and middle managers randomly selected from top twenty oil and gas companies formed the population of this study. Using census sampling technique 191 formed the sample size; meanwhile, the instrument for data collection was the questionnaire rated on five-point Likert scale. Data collected from the respondents through the use of questionnaire were analyzed with the aid of a Statistical Package for Social Sciences version 25.0 for the purpose of examining the nature and associations existing between the variables. Based on the findings, it is revealed that there is a positive significant relationship between employee training cost and shareholder value. Hence, the study recommends that the management of oil and gas companies should regularly disclose employee training cost as it has been proven to enhance shareholder value when measured with cash flow return on investment

Suggested Citation

  • Ann Shekwolo & George T. Peters, 2024. "Employee Training Cost and Shareholder Value of Listed Oil and Gas Companies in Nigeria," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(12), pages 731-740, December.
    • Handle: RePEc:bcp:journl:v:8:y:2024:i:12:p:731-740
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    References listed on IDEAS

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    1. Gary S. Becker, 1964. "Human Capital: A Theoretical and Empirical Analysis with Special Reference to Education, First Edition," NBER Books, National Bureau of Economic Research, Inc, number beck-5, March.
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    3. Vicente Lima Crisóstomo & Fátima de Souza Freire & Felipe Cortes de Vasconcellos, 2011. "Corporate social responsibility, firm value and financial performance in Brazil," Social Responsibility Journal, Emerald Group Publishing Limited, vol. 7(2), pages 295-309, June.
    4. Sarah J. Williams & Carol A. Adams, 2013. "Moral accounting? Employee disclosures from a stakeholder accountability perspective," Accounting, Auditing & Accountability Journal, Emerald Group Publishing Limited, vol. 26(3), pages 449-495, March.
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