Author(s)

Biodun Abiola Ogunbiyi-Davies, Monisola Esther Alao, Paul Olabode Aremu, Mayowa David Olalere

Accounting Department, Babcock University, Ilishan-Remo, Nigeria.

The impact of human resource accounting on the financial performance of some selected food and beverages in Nigeria is the focus of this study. EViews 10.0 was used to analyse the panel data for eight of these food and beverage companies from 2002 to 2021. The findings of the study showed that staff training, development costs and employee welfare costs both considerably improved business performance, while employee safety costs did not. The return on assets (ROA) of the selected food and beverage companies in Nigeria, however, was significantly impacted negatively by recruiting costs over the study periods. As a result, the study came to the conclusion that human resource accounting is required to sustain financial performance of firms. The study therefore, recommends that management in particular firms regularly do both off-the-job training and on-the-job training rather than viewing staff training as an irregular occurrence.

Human Resource Accounting, Financial Performance, Quoted Nigerian Food and Beverages Firms

Ogunbiyi-Davies, B.A., Alao, M.E., Aremu, P.O. and Olalere, M.D. (2023) Human Resources Accounting and Financial Performance of Some Food and Beverages in Nigeria. Open Access Library Journal, 10, 1-17. doi: 10.4236/oalib.1109755.