EFFECT OF HUMAN CAPITAL DEVELOPMENT ON THE PERFORMANCE OF FOOD AND BEVERAGE INDUSTRY IN NIGERIA

Abstract

In this study, the financial performance of Nigeria's food and beverage industry was compared to the influence of human capital development. The study used an ex post-factor research approach with secondary sources and online data collecting from Cadbury Nigeria Plc's annual financial statements. Using the ordinary least square (OLS) regression technique, annual time series data for the years 2011 through 2020 are used to generate a linear model of development costs and revenue yield. The research revealed that the company under study's Return on Equity (ROE) and Earnings per Share (EPS) are not significantly impacted by development costs. In light of this, the researcher draws the conclusion that development costs cannot be employed as a catalyst or determinant for the financial performance of the Nigerian food and beverage industry. To increase efficiency and effectiveness, organizations should use the core competencies-based development (CCBD) strategy.