Capitalized Human Resources Cost and Its Influence on Corporate Productivity: A Study of Selected Companies in Nigeria

Bassey, Bassey Eyo; Tapang, Arzizeh Tiesieh

doi:10.5430/ijfr.v3n2p48

Cited by 27 publications

(21 citation statements)

References 27 publications

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“…7, No. 14;2012 Return on Asset (ROA) is measured as Profit before Tax/Average Total Assets. ROA is a measure of profitability that takes into consideration the assets necessary to produce income.…”

Section: Methodsmentioning

confidence: 99%

“…Skills, experience, and knowledge have economic value to organizations because they enable it to be productive and adaptable. Thus, people constitute the organization's human capital (Bassey and Arzizeh, 2012).…”

Section: Theoretical Framework and Literature Reviewmentioning

confidence: 99%

“…7, No. 14;2012 Recent emphasis on intellectual capital (IC) and Human capital disclosure can be attributed partly to the increased interest on enhancing voluntary corporate disclosure of non-financial information (AICPA 1994;Bjurstrom, Catasus & Jorlusury, 2003;CICA, 1995;DMSTI, 2003a;DMSTI, 2003b;FASB, 2001;IASB, 2000;Meritum, 2002;Wallman, 1995;Wallman 1996.) Some companies in Europe produce a separate IC statement as a supplement to their annual report or as a separate report.…”

Section: Theoretical Framework and Literature Reviewmentioning

confidence: 99%

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Firms Financial Performance and Human Resource Accounting Disclosure in Nigeria

Micah¹,

Ofurum²,

Ihendinihu³

2012

IJBM

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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.

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Section: Methodsmentioning

confidence: 99%

Section: Theoretical Framework and Literature Reviewmentioning

confidence: 99%

Section: Theoretical Framework and Literature Reviewmentioning

confidence: 99%

See 1 more Smart Citation

Firms Financial Performance and Human Resource Accounting Disclosure in Nigeria

Micah¹,

Ofurum²,

Ihendinihu³

2012

IJBM

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“…Дослідження процесів капіталізації людського потенціалу шляхом накопичення та зростання вартості людського капіталу в сучасних умовах є актуальним. Капіталізація людського потенціалу -це складний, багаторівневий та багатоаспектний процес, що має за мету зростання ринкової вартості людських ресурсів, збільшення віддачі від ресурсів праці у вигляді зростання продуктивності праці та її якості, економію робочого часу, інтелектуалізацію та інноваційність праці, що приводить до економічного зростання [7].…”

Section: економіка та управління підприємствамиunclassified

Economic development of shipbuilding enterprises and capitalization of human assets at the present stage

Maistrenko¹,

Kalashnikova²

2014

Collection of Scientific Publications NUS

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Abstract. The problem of the necessity to relate the human resource to one of the types of capital as the main factor of new value development is studied. The study is aimed to substantiate the efficiency of a company capitalization management through the implementation of intellectual, creative potential of its employees (human assets). The article considers the state of modern shipbuilding in Ukraine and worldwide. The existing problems of industrial nature, the worn-out state of fixed assets, the problems in the financial sector and human resources policy are determined. Thus, exactly the capitalization as a complex factor of the economic state of economic facilities determines the development rates of the nation economy in whole to a significant content. Moreover, even companies with the most modern hi-tech production cannot successfully compete at the world markets without investing in the human assets. The study of human potential capitalization processes by means of human assets accumulation and cost increase under current conditions is very important. On this basis the article offers the process scheme of human potential transformation into the human assets and determines the mechanism of formation and development of human assets at the shipbuilding enterprise. All of the aforesaid clearly shows the necessity of the due attention to the main factor of capitalization increase which is the human assets and to the management of the processes of its formation and effective development. All of these reasons will allow the shipbuilding enterprises increasing their competitive ability at the world services market.

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“…The work of Bassey and Tapang (2012) points to the fact that human resources have been identified as one of the main sources of competitive advantage by many organizations in today's economy. Particularly, the private sector organizations are widely diverse and have focused on human resources as having special strategic value for organization development.…”

Section: Introductionmentioning

confidence: 99%

Appraisal of Human Resource Accounting on Profitability of Corporate Organization

Asika¹

2017

ECO

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Abstract:This study is to determine the adoption of Human Resource Accounting (increase in staff salary, increment in staff and staff retirement benefits) on the Profitability of Corporate Organizations. Specifically, the study sought; to determine the extent at which increase in staff salary has affected organizational profitability; to ascertain if the increment in staff has contributed positively on organizational profitability and to evaluate the extent at which staff retirement benefits has effect on organizational profitability. Research questions and hypotheses were formulated in line with the objectives of the study. Exploratory research design and time series data were adopted for this study. Data for the study were collected from selected ten (10) commercial banks in Nigeria. Data collected were analyzed and tested with t-test statistical tool with aid of SPSS version 20.0 version. The study revealed that the study revealed that increase in staff salary has positive effect on organizational profitability, also that the level of increment in staff has influence on organizational profitability. Another finding is that staff retirement benefits have positive effect on organizational profitability. The study recommends among other things that the relevant authorities should look into coming up with a financial reporting standard on human resource activities. Also that organization should enhance the retention of education and training on staff so as to avert wastage of knowledgeable investment.

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Capitalized Human Resources Cost and Its Influence on Corporate Productivity: A Study of Selected Companies in Nigeria

Cited by 27 publications

References 27 publications

Firms Financial Performance and Human Resource Accounting Disclosure in Nigeria

Firms Financial Performance and Human Resource Accounting Disclosure in Nigeria

Economic development of shipbuilding enterprises and capitalization of human assets at the present stage

Appraisal of Human Resource Accounting on Profitability of Corporate Organization

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