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International Journal for Research Trends and Innovation
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ISSN Approved Journal No: 2456-3315 | Impact factor: 8.14 | ESTD Year: 2016
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Impact Factor : 8.14
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| Paper Title: | Training and Development Costs and Financial Performance of Listed Companies in Kenya |
| Authors Name: | Emilly Anyango Orwa , Dr. Emily Mokeira Okwemba , Dr. Denis Ouma |
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| Author Reg. ID: |
IJRTI_184476
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| Published Paper Id: | IJRTI2211012 |
| Published In: | Volume 7 Issue 11, November-2022 |
| DOI: | |
| Abstract: | Firms consider anticipated future benefits of employees before investing in human capital development. They expect to yield high economic returns since training and development improve employee skills and knowledge, thus boosting productivity. Despite heavy investment in employee training costs, some companies still face a downward trend in their financial performance. The study examined the effect of training and development costs on financial performance of listed companies. The study employed human capital theory. The study was guided by positivism research philosophy. The study adopted a longitudinal research design. The target population was fifty-six listed companies in Kenya. Using a secondary data collection sheet, the study collected secondary data from published audited financial statements of the listed companies in Kenya from 2017 to 2021. Both descriptive and inferential statistics were obtained. Descriptive statistics comprised mean, standard deviation, minimum, and maximum values. Inferential statistics consisted of correlation analysis and random effects model. The random effect regression model results indicated that training and development costs had a significant positive effect on ROA with a p-value of 0.00<0.05 and a coefficient of 0.31 on ROA. The study recommended that companies ensure adequate allocation of funds to human resource expenditure vote heads to sufficiently finance the training and development costs. The study will provide valuable information to accounting standard-setting bodies to review current accounting procedures relating to employee training and development costs and provide standards for valuation and capitalizing training and development expenditures in the statement of financial position. |
| Keywords: | Training and Development Costs, Financial Performance, Human Resource Costs, Return on Assets |
| Cite Article: | "Training and Development Costs and Financial Performance of Listed Companies in Kenya", International Journal of Science & Engineering Development Research (www.ijrti.org), ISSN:2455-2631, Vol.7, Issue 11, page no.74 - 78, November-2022, Available :http://www.ijrti.org/papers/IJRTI2211012.pdf |
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| ISSN: |
2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016 An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator |
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Published Paper ID: IJRTI2211012
Registration ID:184476
Published In: Volume 7 Issue 11, November-2022
DOI (Digital Object Identifier):
Page No: 74 - 78 Country: Kaimosi, Vihiga, Kenya Research Area: Commerce Publisher : IJ Publication Published Paper URL : https://www.ijrti.org/viewpaperforall?paper=IJRTI2211012 Published Paper PDF: https://www.ijrti.org/papers/IJRTI2211012 |
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ISSN: 2456-3315
Impact Factor: 8.14 and ISSN APPROVED,
Journal Starting Year (ESTD) : 2016
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