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Effects of Number of Apprentices on Financial Performance of Firms in the Furniture and Wood Industry of Ghana
ISSN: 2026 - 6480
Publisher: author
Effects of Number of Apprentices on Financial Performance of Firms in the Furniture and Wood Industry of Ghana
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Languages and Literatures
ARTICLE-FACTOR
1.3
Article Basics Score: 3
Article Transparency Score: 2
Article Operation Score: 3
Article Articles Score: 3
Article Accessibility Score: 3
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International Category Code (ICC):
ICC-0902
Publisher: Koforidua Technical University
International Journal Address (IAA):
IAA.ZONE/2026393866480
eISSN
:
2026 - 6480
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Abstract
This study examined the relationship between the number of apprentices in a firm and the financial performance of the firm, using the RPED/CSAE Ghana Manufacturing Enterprise Survey (GMES) covering the period of 1991 to 2002. The dynamic panel model estimation technique was employed to investigate the effect of the number of apprentice on gross profit per capital of firms in the furniture and wood processing industry of Ghana. The findings of the study indicate that the financial performances of firms deteriorate during the apprenticeship period, as they take up more apprentices but increase in wages of apprentices had direct significant effect on financial performance. Other dynamics of the apprentice and the master were discovered to be important variables in explaining firm
