Thesis & Dissertation

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Browsing Thesis & Dissertation by Author "OLUWATOYIN AFOLAKE AKEREMALE"

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    HUMAN CAPITAL DEVELOPMENT AND CORPORATE PERFORMANCE OF DEPOSIT MONEY BANKS IN NIGERIA
    (2021) OLUWATOYIN AFOLAKE AKEREMALE
    The study examined the Human Capital Development (HCD) strategies put in place by the Nigerian deposit money banks and assessed the factors that influenced the development of human capital in the Nigerian banking sector. It also determined the effect of HCD strategies on financial performance of the banking sector and investigated the influence of HCD strategies on non-financial performance of the banking sector. These were with a view to providing information on the influence of human capital development strategies on corporate performance of deposit money banks in Nigeria. The study adopted a descriptive survey research design. It used primary and secondary data. The population of the study was 17 listed deposit money banks on the Nigerian Stock Exchange. A sample size of 8 was selected using simple random sampling technique. Primary data were sourced through the administration of two sets of structured questionnaires. The first questionnaire targeted 320 respondents (40 from each bank) from Accounting/Finance, Human Resources/Administration, Operations and Marketing Departments. The second questionnaire were administered to 80 customers (10 from each bank). Data were sourced on variables such as return on assets and profit from the audited financial statement of the banks from 2011 - 2018. The study chose 2011 as the base year because it marked the period of introduction of International Financial Reporting Standard. Data collected were analysed using percentages and multivariate regression model. The result showed that provision of formal education (80%), participation in seminars, conferences and workshops (76%) and participation in trade fairs and exhibitions (72%) were human capital development strategies put in place by the Nigerian banking sector. It also showed that managers’ active participation (84%), training needs of employee (84%), sufficient budget allocation (83%), general and specific goals of employees’ development (80%), job development plan with comprehensive training programme (77%), and work experience of staff (76%) were the major factors influencing effective development of human capital in the Deposit Money Banks (DMBs). Furthermore, provision of conducive working environment (t = 4.499, p < 0.05) and participation in seminars, conferences, workshops (t = 6.946, p < 0.05) had significant effect on financial performance of the banks. In addition, formal education (t = 3.717, p < 0.05) and participation in trade fairs and exhibitions (t = 2.194, p < 0.05) had significant effect on the non-financial performance of the banks. The study concluded that human capital development strategies greatly influenced corporate performance of deposit money banks in Nigeria.