ABSTRACT
The inter-relationship between Returns on investment, asset size and manpower development of food-based entrepreneurial industries in Abia state is the most common profitability ratio calculating pattern for determining economic impact of manufacturing or productive industries to the national economy.
Though there may exist other several ways of determining this, but the most frequently used method is to divide net profit of the industries or companies under review by total assets taking into consideration the total investments and human resource capital (manpower). Returns on investment, asset size and manpower may not necessarily be the same as profit because it deals with the money you invest in the company/industry and the return you realize on such money based on the net profit of the business in general.
Profit, on the other hand, measures the performance of the business but one shouldn’t confuse Returns on Investment with the return on the owner's equity because only in sole proprietorships does equity equal the total investment or assets of a business.
Returns on Investment can be used in several ways to gauge the profitability of a business. For instance, one can use it to measure the performance of pricing policies, inventory investment, capital equipment investment, and so forth.
Having said the above, the researcher reviewed existing literary works that appear to have major theoretical relevance to the research work at hand and indicated their relevance to the subject matter. Thus tabular data presentation was used while statistical survey method (Linear regression model) was used for analysis.
In a bid to achieve the objective of this research study; the return on assets was used as dependent variable and a set of economic and financial indicators were used as independent variables, thus enabling critical review and analysis.
The study covered 40 Nigerian food-based industries in Abia state listed on Nigerian Stock Exchange (NSE) and a period of 4 years 2007 to 2010 of operation of these companies were brought under review.
The data required to calculate these indicators were extracted from the annual financial statements of the food-based industries as collated from secondary sources like Central Bank of Nigeria (CBN), Nigeria Stock Exchange (NSE), Manufacturers Association of Nigeria (MAN) and so many others.
TABLE OF CONTENTS
TITLE PAGE
APPROVAL PAGE/CERTIFICATION PAGE
DEDICATION
ACKNOWLEDGMENT
ABSTRACT
TABLE OF CONTENTS
CHAPTER ONE:
INTRODUCTION
1.1BACKGROUND OF THE STUDY
1.2STATEMENT OF THE PROBLEM
1.3PURPOSE OF THE STUDY
1.4SCOPE OF THE STUDY
1.5SIGNIFICANCE OF THE STUDY
1.6LIMITATION OF THE STUDY
1.7DEFINITION OF TERMS
REFERENCES
CHAPTER TWO
REVIEW OF THE RELATED LITERATURE
2.1 THE CONCEPT OF RETURN ON INVESTMENT (ROI)
2.2 HOW IS ROI CALCULATED FOR DECISION SUPPORT AND INVESTMENT ANALYSIS?
2.3 MANUFACTURING INDUSTRIES / FIRMS AS DETERMINANTS OF GROWTH IN DEVELOPING ECONOMIES
2.4 MANPOWER DEVELOPMENT
THEORETICAL EVIDENCES
2.5 PRACTICES FOR DEVELOPING MANPOWER AND PERFORMANCE
2.6 DIFFICULTIES WITH THE LINK BETWEEN MANPOWER AND PERFORMANCE
REFERENCES
CHAPTER THREE
RESEARCH METHODOLOGY
3.1AREA OF THE STUDY
3.2POPULATION OF THE STUDY
3.3DATA COLLECTION METHODOLOGY
3.4METHOD OF DATA ANALYSIS
REFERENCES
CHAPTER FOUR:
DATA PRESENTATION AND ANALYSIS
4.1PRESENTATION AND ANALYSIS OF DATA
4.2 LINEAR REGRESSION: RETURN ON ASSETS AND MEASURES OF FINANCIAL BALANCE
REFERENCES
CHAPTER FIVE
FINDINGS, SUMMARY AND CONCLUSION
5.1 FINDINGS
5.2 SUMMARY
5.3 CONCLUSION
BIBLIOGRAPHY