Abstract:
Poor human capital development in most firms has made many firms in Nigeria not to live up to their primary objectives of their existence. This study examines 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 sheaved that both health and safety cost with training and development cost have positive significant effect on price to book value. The study concludes that health and safety cost and training and development cost have significant positive effect on price to book value and does substantially reduce the inefficiencies in productivity of listed construction and real estate firms in Nigeria. The study recommends that construction and real estate firms should invest more in their health and safety cost training and development cost to increase firm value in other to enhance human capital efficiency
