Firms Financial Performance and Human Resource Accounting Disclosure in Nigeria

Abstract

The purpose of this study was to examine the relationship between firms financial performance and human resource accounting disclosure of companies in Nigeria. Five years financial data from 2005-2009 of fifty two companies across all sectors as listed on the Nigeria stock exchange fact book of 2005-2009 were extracted using simple random sampling techniques. Descriptive, correlation and regression statistical techniques were used in analyzing the data. Our findings show that the combined effect of Firm Financial Performance accounted for 75.9% of the variation in Human Resource Accounting Disclosure (HRAD) with an F-ratio 3.581 being significant at 5% confidence level. The positive correlation between Return on Equity (ROE) and Human Resource Accounting Disclosure (HRAD) supposes that an increase in return on equity encourage firm in reporting human capital information so as to establish trustworthiness with stakeholders; enhance external reputation, appear legitimate in the public eye and avoid cost for non legitimacy. The study concludes that human resource accounting information of an organization is very important factor for decision makers in an era of knowledge based economy. There is growing evidence of the interest and demand among stakeholders for information from firm in relation to human capital. Based on this, the study recommended among others, regulatory intervention in the accounting standard setting process for human capital reporting in Nigeria. Standard should be created for human resource identification and measurement. This will enhance valuation of human capital, ensure a higher degree of utility to stakeholder, uniformity in disclosures and will allow reliable comparison of human capital values.

Human Capital Efficiency and Firm Performance: An Empirical Study on Malaysian Technology Industry

“…The knowledge, expertise, innovative ideas and the capability of employees to solve problems in the organization Becker, Huselid and Ulrich (2002) The productive efforts of an organization's workforce and Roslender (2003) It is the only property which generates value Chen, Zhu and Zie (2004) No value can be generate without human capital Ting and Lean (2009) Human capital include innovation, capacity, creativity, know-how and previous experience, teamwork capacity, employee flexibility, tolerance for ambiguity, motivation, satisfaction, learning capacity, loyalty, formal training and education. Baron (2011) It comprises of knowledge, skills, abilities to develop and innovativeness possessed by the employees of an organisation Micah, Ofurum and Ihendinihu (2012) The energies, skills, talents and knowledge of people which are, or which potentially can be applied to the production of goods or rendering useful services…”

Desempenho financeiro e divulgação de informações sobre recursos humanos: uma análise das empresas do IBRX – 100

“…Alguns trabalhos (Ullmann, 1985;Mamun, 2009;Micah, Ofurum & Ihendinihu, 2012) trataram, de forma mais pontual, da influência que a divulgação deste tipo de informação exerce sobre o desempenho financeiro das entidades. Mamun (2009), por exemplo, pesquisou as empresas cotadas em Bangladesh, para saber se seus índices de divulgação de recursos humanos apresentados nos relatórios anuais estavam associados aos seus atributos corporativos.…”

Pengungkapan Akuntansi Sumber Daya Manusia dan Kinerja Keuangan Perusahaan

“…Nilai pengungkapan ASDM di Indonesia tergolong tinggi, yaitu sebesar 50,27%,. Nilai tersebut masih di atas nilai pengungkapan akuntansi SDM dari beberapa negara berkembang lainnya, seperti Bangladesh 25% (Mamun, 2009), Nigeria pada kisaran 20-40% (Micah et al, 2012) dan India sebesar 42% (Khadijeh, 2014). Untuk pengujian hipotesis menunjukkan bahwa pengungkapan akuntansi SDM memiliki hubungan positif terhadap ROA.…”