HUMAN RESOURCE ACCOUNTING AND FINANCIAL PERFORMANCE OF LISTED CONSUMER GOODS COMPANIES
Abstract
The objective of this study is to investigate the influence of
human resource accounting on financial performance of
Nigerian listed consumer good companies. The specific
objectives were to; determine the effect of cost of employees' compensation and reward on financial performance, assess
the effect of staff training and development cost on the
financial performance; and influence of costs of recruitment
and selection on financial performance of listed consumer
goods companies in Nigeria. The population of the study
consisted 21 listed consumer goods companies. Purposive
sampling technique was used to determine the sample size of 5
listed firms. Secondary data were sourced from annual reports
of selected firms for a period of 11 years (2013-2023).Descriptive and Panel estimation techniques were used to
analysed data. The results revealed that cost of employees' compensation and reward was positively and insignificantly
related to return on assets and return on equity (t-v= 1.632, t- val.= 1.018, p-val. >0.05). The results showed that staff
training and development costs was positively and
significantly influence the return on assets and return on
equity respectively (t-val.=3.177, t-val. =2.896, p-v <0.05). In
addition, the results revealed that costs of recruitment and
selection was negatively and significantly influence the return
on assets and return on equity (t-val.= -2.246, t-val.=-1.725, P-v
<0.05) respectively. Therefore, the study concluded that
organization financial performance is dependent upon the
performance of the individuals that make up the organization. The study recommended that Consumer goods companies
must be willing and ready to invest heavily on human
resources especially training and development for greater
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Published in UNIPORT JOURNAL OF BUSINESS, ACCOUNTING & FINANCE MANAGEMENT
ISSN: 1596-9911
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