HUMAN RESOURCE ACCOUNTING AND FINANCIAL PERFORMANCE OF SELECTED QUOTED NIGERIAN FOOD AND BEVERAGES FIRMS
The study examined the effect of Human resource accounting (HRA) on the financial performance (return on assets-ROA) of selected quoted Nigerian food and beverages firms. Four of these firms were sampled from 2006-2021. The research analyzed the data generated using the panel regression analysis through the instrumentality of Econometric Views. The study evidenced that, staff trainings and development costs (STC) and welfare costs (EWC) improved firm performance significantly but staff safety cost did not. However, hiring cost has a negative significant effect on ROA of the targeted firms in Nigeria during the study periods. Hence, the paper concluded that human resource accounting is instrumental to higher firm performance. As such, the study recommends that management of selected firms should not see their staff trainings as a one-off thing instead they should conduct both off and on-the-job trainings on a regular basis. Lastly, management of the targeted firms must ensure that their welfare package include both monetary and non-monetary compensation.
Keywords: Human Resource Accounting, Financial Performance, Quoted Nigerian Food and Beverages Firms.
Copyright (c) 2022 Stanley Ifeanyi MUKOLO (MSc. Candidacy), Edirin JEROH (PhD), Abel. O. IDEH (PhD)
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