Human Capital Accounting for Sustainable Performance of the Financial Sector Businesses in Nigeria
1Obi B. C. Phd, 2Okoro T. C. Phd
1,2Department of Accountancy, Alvan Ikoku Federal College of Education Owerri
https://doi.org/10.47191/jefms/v7-i2-42ABSTRACT:
The study investigated on Human Capital Accounting for sustainable performance of the financial sector businesses in Nigeria for the period 2008 -2021. Human Capital Accounting was proxied by staff development cost and training while sustainable financial performance was proxied by return on assets and return on equity. The financial sector used were four banks whose financial statements were accessible online for the period of investigation. Secondary data was used and accessed from online publication of the four sampled banks. Model relation between staff and development cost, return on equity and return on asset was developed with the objective to determine the effect of staff and development cost on banks return on asset and return on equity. Data collected were analyzed with Ordinary Least Square regression model with analytical tool of E-view 10. Results showed that staff and development cost of banks has insignificant effect on their return on assets and return on equity. The research recommends that for banks to successfully address the challenges of sustainable performance, there must be a paradigm shift to improvement in human capital accounting for sustainable performance of the banking sector.
REFERENCES:
1) Azlina R, Ruhaya A. & Amrizah K. (2017) Human Capital Efficiency and Firm Performance: An Empirical Study on Malaysian Technology Industry www.research gate.net
2) Anthony, A. (2022) Nigeria’s banking sector contributes N168.4trn to GDP in 4 years this day businessday ,ng
3) Amadi K. C & Alote I.A. (2019) Human Capital Investment as a catalysts for sustainable Economic Development in Nigeria. International Journal of Management Science and Business Administration 5(5) http//dx.do.org/10.18
4) Business4Goals Platform(2022) The role of the private sector in development relevance with the sdgs sdg nationalization in turkey and role of private sectorwww.business4goals.org
5) Bhawna B. (2021) National development: meaning and problems https://www.yourarticlelibrary.com/society/national-development-meaning-
6) Eric V. (2018) Seven Human Resource Manage Basics every Human Resource professional should know. www.aihr.com/blog/human resource
7) Kenton W. (2021) What is human capital ? https://brainly.in/question/39163149
8) Munashrim O. B. Musiliu D. R. & Rasheed O.A (2017) Tertiary education and human capital Development. Implication on the national development. International Journal of Academic Research in progressive Education and Development 5(5) http://dx.doi.org/10.6007
9) Nwachuwku, P. O. (2014) Impact of government expenditure on education. The Nigerian experience. International Journal of Business and Finance Research (IJBFMR) 2 www.bleupenjournals.org/IJBFMR
10) Okoroafor and Ajaero (2019) Business organization and management. Owerri Joe Mankpa Publishers
11) Patrick. O. Oladele and Prof. Anthonia. A. Adeniji. (2018) Human capital development and performance of selected deposit money banks in Nigeria http//www.researcg gate.net
