IDEAS home Printed from https://ideas.repec.org/a/ddj/fseeai/y2020i1p86-92.html

Effects of Human Resource Investment on Economic Sustainability of Nigerian Real Estate Industry

Author

Listed:
  • Olajide Idowu OKUNBANJO

    (Olabisi Onabanjo University, Ogun State, Nigeria)

  • Lookman Olaseni AJETUNMOBI

    (Olabisi Onabanjo University, Ogun State, Nigeria)

  • Adesina Saliu YUSUFF

    (Wesley University, Ondo, Ondo State, Nigeria)

Abstract

The sustainability of real estate industry in Nigeria has become a challenge to the stakeholders of the industry since the arrival of globalization and this has resulted to the industry low contributions to Nigeria economic growth. Therefore, this research study investigated effects of human resource investment on economic sustainability of real estate industry in Nigeria. The study adopted ex-factor research design data collection and data were collected from the annual reports of Arbico Plc. The statistical techniques adopted were descriptive statistics with regression analysis. The findings revealed that investment in human resource of Arbico Plc has a positive and significant contribution to the firm’s economic sustainability. It was put forward that that Arbico Plc should continue to invest more on the human resource via training the employees. Also, regulatory authority on financial reporting in Nigeria should mandate all listed firms in the real estate industry to report employee training cost in their yearly annual reports.

Suggested Citation

  • Olajide Idowu OKUNBANJO & Lookman Olaseni AJETUNMOBI & Adesina Saliu YUSUFF, 2020. "Effects of Human Resource Investment on Economic Sustainability of Nigerian Real Estate Industry," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 1, pages 86-92.
    • Handle: RePEc:ddj:fseeai:y:2020:i:1:p:86-92
    DOI: https://doi.org/10.35219/eai1584040985
    as

    Download full text from publisher

    File URL: http://www.eia.feaa.ugal.ro/images/eia/2020_1/Okunbanjo_Ajetunmobi_Yusuff.pdf
    Download Restriction: no
    File URL: https://libkey.io/https://doi.org/10.35219/eai1584040985?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Anke S. Kessler & Christoph Lülfesmann, 2006. "The Theory of Human Capital Revisited: on the Interaction of General and Specific Investments," Economic Journal, Royal Economic Society, vol. 116(514), pages 903-923, October.
    2. Epps, Ruth W. & Cereola, Sandra J., 2008. "Do institutional shareholder services (ISS) corporate governance ratings reflect a company's operating performance?," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 19(8), pages 1135-1148.
    3. Daniel Kipkirong Tarus & Emmanuel Kiptanui Sitienei, 2015. "Intellectual capital and innovativeness in software development firms: the moderating role of firm size," Journal of African Business, Taylor & Francis Journals, vol. 16(1-2), pages 48-65, January.
    4. 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, January-J.
    5. Bassey Eyo Bassey & Arzizeh Tiesieh Tapang, 2012. "Capitalized Human Resources Cost and Its Influence on Corporate Productivity: A Study of Selected Companies in Nigeria," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 3(2), pages 48-59, April.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Alade Olajide RAJI & Rasheed Adegboga AFOLABI & Titilayo Abiodun OSINUGA, 2021. "Financial Globalisation and the Performance of Nigerian Deposit Money Bank," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 3, pages 5-11.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. C. Simon Fan & Xiangdong Wei, 2010. "Training and worker effort: a signalling perspective," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 43(2), pages 604-621, May.
    2. Felix Wenzelmann, 2012. "Ausbildungsmotive und die Zeitaufteilung der Auszubildenden im Betrieb [Training motives and the allocation of productive tasks in apprenticeship training in Germany]," Journal for Labour Market Research, Springer;Institute for Employment Research/ Institut für Arbeitsmarkt- und Berufsforschung (IAB), vol. 45(2), pages 125-145, July.
    3. Prof. Dr. Adem KALCA & Resc. Assist. Atakan DURMAZ, 2012. "Diaspora As The Instrument Of Humane Capital," International Journal of Business and Social Research, LAR Center Press, vol. 2(5), pages 94-104, October.
    4. Marina Dabić & Jane Maley & Leo-Paul Dana & Ivan Novak & Massimiliano M. Pellegrini & Andrea Caputo, 2020. "Pathways of SME internationalization: a bibliometric and systematic review," Small Business Economics, Springer, vol. 55(3), pages 705-725, October.
    5. Vanderstraeten, Johanna & van Witteloostuijn, Arjen & Matthyssens, Paul, 2020. "Organizational sponsorship and service co-development: A contingency view on service co-development directiveness of business incubators," Technovation, Elsevier, vol. 98(C).
    6. Shahbaz, Muhammad & Song, Malin & Ahmad, Shabbir & Vo, Xuan Vinh, 2022. "Does economic growth stimulate energy consumption? The role of human capital and R&D expenditures in China," Energy Economics, Elsevier, vol. 105(C).
    7. Eric A. Hanushek & Charles Ka Yui Leung & Kuzey Yilmaz, 2014. "Borrowing Constraints, College Aid, and Intergenerational Mobility," Journal of Human Capital, University of Chicago Press, vol. 8(1), pages 1-41.
    8. Ayaka Nakamura, 2019. "The Effect of Employer Tenure on Wages in Japan," OSIPP Discussion Paper 19E007, Osaka School of International Public Policy, Osaka University.
    9. Rawhouser, Hans & Islam, Mazhar & Jones Christensen, Lisa & Embry, Elizabeth & Williams, Trenton A. & Conger, Michael & Trussel, Cindy, 2024. "Supporting refugees: An entrepreneurial resourcefulness approach," Journal of Business Venturing Insights, Elsevier, vol. 22(C).
    10. Henry Renski, 2018. "Estimating the Returns to Professional Certifications and Licenses in the U.S. Manufacturing Sector," Economic Development Quarterly, , vol. 32(4), pages 341-356, November.
    11. Akshita Arora & Shernaz Bodhanwala, 2018. "Relationship between Corporate Governance Index and Firm Performance: Indian Evidence," Global Business Review, International Management Institute, vol. 19(3), pages 675-689, June.
    12. Nurul Mohammad Zayed & Friday Ogbu Edeh & Khan Mohammad Anwarul Islam & Vitalii Nitsenko & Olena Polova & Olha Khaietska, 2022. "Utilization of Knowledge Management as Business Resilience Strategy for Microentrepreneurs in Post-COVID-19 Economy," Sustainability, MDPI, vol. 14(23), pages 1-16, November.
    13. Jin Jiang & Hon-Kwong Lui, 2025. "Lifetime Earnings Premium of Higher Education: Evidence from the 40-Year Career of the 1951–1955 Birth Cohort in Hong Kong," Research in Higher Education, Springer;Association for Institutional Research, vol. 66(3), pages 1-20, May.
    14. Ben Kriechel & Samuel Muehlemann & Harald Pfeifer & Miriam Schütte, 2014. "Works Councils, Collective Bargaining, and Apprenticeship Training – Evidence From German Firms," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 53(2), pages 199-222, April.
    15. Agustin Rodriguez-Esteban & Javier Vidal & Maria-Jose Vieira, 2024. "The Influence of Parents’ Social Origin on Occupational Achievements of University Graduates: An Analysis of Education–Job Match," SAGE Open, , vol. 14(2), pages 21582440241, May.
    16. Xinxin Ma, 2019. "The Impact of Membership of the Communist Party of China on Wages," Economics Bulletin, AccessEcon, vol. 39(4), pages 2839-2856.
    17. Sagarika Dey & Priyanka Devi, 2019. "Impact of TVET on Labour Market Outcomes and Women’s Empowerment in Rural Areas: A Case Study from Cachar District, Assam," Indian Journal of Human Development, , vol. 13(3), pages 357-371, December.
    18. Sandra M. Sánchez-Cañizares & L. Javier Cabeza-Ramírez & Ana M. Castillo-Canalejo & Francisco J. Rey-Carmona, 2025. "Effectiveness of active labour market policies for job creation and earnings of the self-employed," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 12(1), pages 1-17, December.
    19. Anna Wildowicz-Szumarska, 2022. "Is redistributive policy of EU welfare state effective in tackling income inequality? A panel data analysis," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 17(1), pages 81-101, March.
    20. Bhaskar, V & Holden, Steinar, 2002. "Wage Differentiation via Subsidised General Training," Economics Discussion Papers 8851, University of Essex, Department of Economics.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ddj:fseeai:y:2020:i:1:p:86-92. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gianina Mihai (email available below). General contact details of provider: https://edirc.repec.org/data/fegalro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.