The Influence of Human Resources Accounting on the Performance of Nigeria's Listed Consumer Goods Companies

Abstract

The effect of human resources accounting practices on the performance of Nigerian consumer goods companies was investigated in this study. The study's population consists of thirty (30) publicly traded consumer goods companies in Nigeria. Using the filter criterion, twenty-four (24) of the identified consumer goods were sampled. Secondary data were compiled from selected firms' annual reports and accounts for six (6) years' worth of financial periods, spanning from 2013 to 2018. Using the multiple regression analysis method, the collected data was analysed. The study's findings revealed that the number of employees working during the time and overall assets have a positive relationship with the performance of Nigeria's publicly traded consumer goods companies. The study's findings revealed that leverage and the firm's age are negatively related to the performance of listed consumer goods firms in Nigeria. Furthermore, the study discovered that employee expansion and government (VAT) have no substantial relationship with the performance of Nigeria's publicly traded consumer goods firms. As a result, the study recommends that management of publicly traded consumer goods companies should weigh the number of employees when hiring because the larger the workforce, the higher the efficiency and profit potential of the company. Furthermore, management of publicly traded consumer goods companies should focus on providing sufficient total assets, as this leads to the generation of more economic gain to the company, resulting in increased profits.