ACCOUNTING FOR HUMAN RESOURCES DEVELOPMENT IN QUOTED BANKS IN NIGERIA.

ABSTRACT

The outcome of this study offers an important insight into human resource accounting and financial performance of listed banks in Nigeria. A sample of fourteen (14) banks quoted on the Nigeria Exchange Group were used for a period of ten (10) years (2010 – 2021) with Financial Performance (proxied by return on asset) (FPER) captured as the dependent variable, while the independent variables include Training and Development Cost (TRDEC), Employee Educational Qualification (EEQUA), Employee Benefit Expense (EBEX) and Director’s Salary (DISAL). The findings as we gathered through the analysis show that the variables of Training and Development Cost (TRDEC), Employee Benefit Expense (EBEX) and Director’s Salary (DISAL) has significant influence on Financial Performance (proxied by return on asset) (FPER) among quoted banks in Nigeria, while Employee Educational Qualification (EEQUA) exhibited insignificant relationship with Financial Performance (proxied by return on asset) (FPER) among quoted banks in Nigeria for the period under review, hence we can conclude that a unit change in Training and Development Cost (TRDEC), Employee Benefit Expense (EBEX) and Director’s Salary (DISAL) will likely influence Financial Performance (proxied by return on asset) (FPER) significantly by up to 0.00%, 0.02% and 0.05% respectively, while a unit change in Employee Educational Qualification (EEQUA) may lead to a decrease in financial performance of quoted banks in Nigeria by 0.34%.