Observational analysis reveals that health and safety costs and training expenses enhance firm value in construction and real estate firms, suggesting improved productivity.
Poor human capital development in most firm has made many firms in Nigeria not to live up with their primary objectives of their existence. This study examine effect of health and safety cost and training and development cost on firm value of listed construction and real estate firms in Nigeria. The expo-facto research design was adopted with reliance on secondary data from annual report of listed firms. The purposive sampling techniques was employed in selecting the seven (7) firms out of nine (9) construction and real estate firms in Nigeria for 2010- 2023 financial year. To achieve objective of the study, three method of panel regression estimation was used which is random effect by Hausman test which was analyzed using E-views 12. The finding showed that both health and safety cost with training and development cost has positive significant effect on price to book value. The study concludes that health and safety cost and training and development cost has a significantly positive effect on price to book value and does substantially reduces the inefficiencies in productivity of listed construction and real estate firms in Nigeria. The study recommends construction and real estate firms should invest more in their health and safety cost, training and development cost and other benefits to increase firm value in other to enhance human capital efficiency
No takes yet. Share an insight, caveat, or question.
Jonah et al. (2025) studied this question.
Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context: