Browsing by Author "Lambe, Isaac"

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    Effect of Human Resources Accounting on Financial Performance of Listed Consumer Goods Firms in Nigeria
    (Department of Accounting, Nasarawa State University Keffi., 2022-10-14) Lambe, Isaac; Ameh, Jacob Ojobo; Dinah, Samuel Dinatu
    Poor human capital development in most firm has made many firms in Nigeria not to live up with their primary objectives of their existence. This study examines the effect of human resource accounting on financial performance of listed consumer goods firmsin Nigeria. The expo-facto research design was adopted with reliance on secondary data from annual report of listed firms. The purposive sampling technique was employed in selecting the 15 firms out of 20 consumer goods firms in Nigeria for 2012-2021 financial year. To achieve objective of the study, three method of panel regression estimation was used which is fixed effect by Hausman test which lvaj analyzed using E-views 10. The finding show that health and safety cost has positive significant effect on return of equity while pension contribution cost has negative significant effect on return on equity. The study concludes that health and safety cost and pension contribution cost has a significantly positive effect on financial performance and does substantially reduces the inefficiencies in productivity of listed consumer goods firms in Nigeria. The study recommends that consumer goods firms should increase health and safety cost and other benefits to increase performance in terms of efficiency of companies to pay employees
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    FINANCIAL, MANUFACTURED CAPITAL AND FINANCIAL PERFORMANCE: EVIDENCE FROM LISTED MULTINATIONAL COMPANIES IN NIGERIA
    (Department of Accounting, Nasarawa State University, Keff., 2022-10-17) Lambe, Isaac; Ameh, Jacob Ojobo; Dzugwahi, Haruna; Tion, Williams A.
    The global reporting landscape is evolving with the recent development of integrated reporting that helps in addressing the concerns of stakeholders regarding accountability, transparency, and full disclosure. An integrated reporting system combines financial and nonfinancial information and communicates it to stakeholders in a concise manner. Consequently, companies and countries are at various levels of adopting integrated reporting, and a need to examine its effect on firm performance arises. This study, therefore, seeks to evaluate the effect of integrated reporting (IR) (financial and manufactured capital) on the financial performance of listed multinational companies in Nigeria. The study employs a longitudinal research design and secondary data sourced from the financial statements of the companies from 2011 to 2020. Financial performance is the dependent variable proxied by Return on Equity (ROE). IR is the independent variable proxied by Financial Capital and Manufactured Capital. Descriptive, correlational, and panel regression analysis of the fixed effect model was employed for the a The findings revealed that financial capital positively and significantly affects the financial performance of listed multinational companies in Nigeria. While manufactured analysis. STATA 16 is the software used to aid the analysis capital inversely and insignificantly affected financial performance. The study concludes thatthe adoption of IR improves firm financial performance. The study recommends that companies should mandatory adopt and continue with the practice of integrated reporting systems since it improves firm performance. Accounting standard setters and regulatory authorities should provide such policy directions
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    INTELLECTUAL & NATURAL CAPITAL AND FINANCIAL PERFORMANCE: EVIDENCE FROM LISTED MULTINATIONAL COMPANIES IN NIGERIA
    (Department of Accounting, Nasarawa State University Keffi., 2022-11-03) Lambe, Isaac; Ameh, Jacob Ojobo; Dzugwahi, Haruna
    The era of the industrial economy is being replaced by a knowledge-based economy; hence a paradigm shift from resource-based to knowledge-based. This study, therefore, examines the effect of intellectual and natural capital on financial performance of listed multinational companies in Nigeria. The study period spanned ten (10) years from 2012 to 2021 and the data used for the study were sourced from the published financial statements of the companies and the Nigerian Exchange Group (NGX). Twenty-four (24) listed multinational companies constitute the population and nineteen (19) of them were selected as a sample based on a study filter. The ex-post facto research design and positivist research philosophy were adopted, and the study is anchored on resource-based theory and diffusion of innovation theory. The dependent variable of the study is proxied by Return on Equity (ROE) while Intellectual Capital (1C), and Natural Capital are the independent variables of the study. Revenue Growth (RG) is the control variable. Value Added Intellectual Coefficient (VAIC) measures intellectual capital. Natural Capital (NC) is proxied by Environmental Disclosure Index (EDI) in line with guidelines of the Global Reporting Initiative (GRI 2016). EDI is the average of all disclosures reported on eight parameters of Multiple regression with the aid of a statistical tool STATA version 16was used for the data analysis. The outcome of the study revealed that intellectual capital has a positive and significant effect on financial performance of listed multinational companies in Nigeria. On the other hand, natural capital has a positive but insignificant effect on financial performance. The study concludes that intellectual capital enhances financial performance. Therefore, the study recommends that there should be more investment in intellectual capital as it significantly improves financial performance. The policy implication is for the management of the companies to continue and sustain the best practice of recruiting highly competent staff such creates value for the business environmental issues. using high-rated human resources consultants because owners and other stakeholders in the short, medium, and long-term.