HUMAN RESOURCE ACCOUNTING CONTRIBUTION TO THE PROFITABILITY OF NIGERIAN PUBLICLY TRADED CONGLOMERATE COMPANIES

Yahaya, Khadijat Adenola ; Salman, Ramat Titilayo ; Abdulsalam, Abubakar Kolapo ; Adegbayibi, Adesanmi Timothy (2022)

Article

This study is aimed at evaluating the impact of human resource accounting for the profitability of Nigerian listed conglomerate companies. The secondary data used in the study were collected from the audited annual reports of the six conglomerate companies quoted on the Nigerian Stock Exchange in the period from the year 2010 to 2019. The panel regression technique was adapted for the purpose of the analysis of the collected data. The results show that the cost of staff training and staff development, changes in employees’ salaries and post-employment benefits have a positive significant impact on the profitability of the Nigerian conglomerate companies. The study then concludes that human resource accounting positively contributes to the profitability of Nigerian conglomerate companies and provides the recommendations reading that Nigerian companies should invest more in their employee training and development.

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