Human Resource Accounting and Financial Performance of Firms in Nigeria: Evidence from Selected Listed Firms on the Nigerian Stock Exchange (Published)
The study investigated human resource accounting and financial performance of firms in Nigerian. The specific objective of the study is to determine the extent to which human resource influence the firms’ profit after tax, total revenue and net asset. The hypotheses formulated were tested at 5% level of significance using SPSS software and multiple regression analysis as the statistical tool. The result revealed that PBC has significant and positive impact on the PAT, while there is a negative impact on the Net Asset. The research therefore concludes that human resources contribution to the financial growth of firms cannot be overemphasized. Firms should have the culture of training, developing and motivating the personnel to put in their best for the financial growth of their organizations. Providing them with infrastructures and a conducive working environment could reduce the rate of job turnover being experienced among firms
Keywords: Firms and Net asset., Human Resource Accounting, Profit after tax, total revenue
Human Resource Costs and Financial Performance: Evidence from Selected Listed Firms In Nigeria. (Published)
There is general lack of quantification and disclosure of human assets in domestic and international financial reports, and this appears to depress public assessment of the financial performance and value of firms. This study investigated the effect of human resource costs on the financial performance of firms in Nigerian. The specific objective is to determine the extent to which investments in human resources influence profit after tax and turnover of firms in Nigeria. Secondary data on relevant financial variables were extracted from published financial statements of ten selected listed firms in Nigeria. The OLS technique was employed in analyzing the data and the results indicate that personnel benefit costs have positive and significant effect on Profitability, explaining about 73.9% of the variations in Profit After Tax of firms in Nigeria. The results however reveal no significant effect of Personnel Benefit Costs on firm turnover. The paper therefore concludes that investments in human resources have positive trade-off effects on profitability and growth of firms and recommends greater commitment to manpower development and training, while providing proper infrastructures and conducive working environment to enhance the capacity of employees to drive positive improvements in corporate financial performance.
Keywords: Firm Turnover, Human Resource Accounting, Intellectual Capital, Knowledge-based Economy, Personnel Benefit Costs, Profit after tax, agribusiness