HUMAN RESOURCES ACCOUNTING AND FINANCIAL PERFORMANCE OF LISTED DEPOSIT MONEY BANKS IN NIGERIA

ABSTRACT The debate on human resources accounting has continued unabated overtime. This is in view of the importance of human resources accounting in the attainment of organizational objectives. Different studies have come out with contrasting findings on the effect of human resources accounting on financial performance is of paramount importance for deposit money banks in Nigeria. At a time when human resources accounting is growing and stakeholders demand for sustainability is increasing. Consequently this study was carried out to assess the human resources accounting on financial performance using listed deposit money banks in Nigeria. The independent variable of the study was human resources accounting which were proxied by staff costs, directors remuneration, staff strength and firm size, while the dependent variable was proxied by return on investment. Ex-post facto research design was adopted. The population of the study consisted of twenty(20) listed deposit banks in Nigeria while the sample size was nineteen (19) was determined using Taro Yamane formula. The data of the study were extracted the audited annual report of the related forms on the Nigeria exchange website for the year 2014 to 2024. The data were analyzed using Statistical Packages of Social Sciences E- view 10 using descriptive statistics, correlation matrix, data normality test and ordinary least square regression analysis. The result of the findings indicate that staff cost have a positive significant effect on return on investment, while director remuneration, staff strength and firm size has positive but insignificant effect on return on investment. The study concluded that human resources were positively significant on staff costs and positively but insignificant on director remuneration, staff strength and firm size of listed deposit banks in Nigeria. Based on the conclusion of the study it was recommended that unfair performance appraisal should be discouraged since it diminishes employee’s motivation.