Effect of Human Resource Accounting on Financial Performance of Quoted Deposit Money Banks in Nigeria

Abiahu, Mary-Fidelis Chidoziem, Amahalu, Nestor Ndubuisi, Chinyere, Obi Juliet and Christian, Okika Elochukwu, Effect of Human Resource Accounting on Financial Performance of Quoted Deposit Money Banks in Nigeria (September 31, 2016)

10 Pages Posted: 10 Oct 2017

See all articles by Nestor Amahalu

Nestor Amahalu

Nnamdi Azikiwe University - Department of Accountancy

Mary-Fidelis Chidoziem Abiahu

Nnamdi Azikiwe University - Department of Accountancy

Obi Chinyere

University of Nigeria Enugu Campus

Okika Christian

Nnamdi Azikiwe University

Date Written: September 31, 2016

Abstract

The main objective of this study is to ascertain the effect of Human Resource Accounting on Financial Performance of deposit money banks listed on Nigeria Stock Exchange. The specific objectives are to ascertain the effect or otherwise of staff cost on return on asset, return on equity and market-to book value of banks listed on the floor of Nigeria Stock Exchange from 2010-2015. Ex-post fact research design was used for this study. Secondary data were sourced from the publications of Nigeria stock exchange. Inferential statistics of the hypotheses were carried out with the aid of STATA 13 statistical software using Co-efficient of correlation and Ordinary Least Square (OLS) regression analysis. Findings of this study showed that Human Resource Accounting has a positive and statistically significant effect on Financial Performance at 5% significance level. It is recommended among others that Human Resource capital should be included in the statement of financial position of organizations to aid investment decision.

Keywords: Human Resource Accounting, Financial Performance, Human Capital Investment

JEL Classification: M41

Suggested Citation

Amahalu, Nestor and Abiahu, Mary-Fidelis Chidoziem and Obi, Juliet and Okika, Elochukwu, Effect of Human Resource Accounting on Financial Performance of Quoted Deposit Money Banks in Nigeria (September 31, 2016). Abiahu, Mary-Fidelis Chidoziem, Amahalu, Nestor Ndubuisi, Chinyere, Obi Juliet and Christian, Okika Elochukwu, Effect of Human Resource Accounting on Financial Performance of Quoted Deposit Money Banks in Nigeria (September 31, 2016). Available at SSRN: https://ssrn.com/abstract=3050255

Nestor Amahalu

Nnamdi Azikiwe University - Department of Accountancy ( email )

Awka, Anambra 23400
Nigeria
+2348063393668 (Phone)

Mary-Fidelis Chidoziem Abiahu (Contact Author)

Nnamdi Azikiwe University - Department of Accountancy ( email )

Awka, Anambra 23400
Nigeria

Juliet Obi

University of Nigeria Enugu Campus ( email )

Department of Accountancy
Box 15540, Enugu
Enugu, NC Enugu 234
Nigeria

Elochukwu Okika

Nnamdi Azikiwe University ( email )

Department of Accountancy
PMB 5025
Awka, DE Anambra State +234
Nigeria

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