Human Resources Accounting and Profitability: Evidence from Consumer Goods Companies in Nigeria


Authors : Aremu, Olabode Paul; Olalere, Mayowa David; Alao, Esther Monisola; Ogunbiyi-Davies, Biodun Abiola

Volume/Issue : Volume 8 - 2023, Issue 2 - February

Scribd : https://bit.ly/3FgWf3N

DOI : https://doi.org/10.5281/zenodo.7731009

The study examined the effect of human resources accounting on the profitability of consumer goods companies in Nigeria. Human resources accounting was measured using employee benefit while profitability was measured using return on equity and net profit margin while age of the company as used as a control variable. Secondary data was sourced from financial statements of ten (10) consumer goods in Nigeria listed on the Nigeria stock exchange. Unit root was conducted and the study observed that the variables have no unit root. Descriptive statistics and trend analysis were conducted respectively. Hausman test was conducted so as to ascertain the best estimation technique and the result led to the use of fixed effect estimation technique. From the analysis, it was observed that employee benefit has insignificant positive effect on return on equity and net profit margin. The study therefore recommended that there should be a well packaged employee benefits that would motivate employees to put in their best towards enhancing the profitability of their firms

Keywords : Human Resource Accounting, profitability, employee benefit, Return on Equity, Net Profit Margin.

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