Human Capital Accounting and its Relevance to Stock Investment Decisions in Nigeria.

Simple item page
dc.contributor.authorOkpala, P.O
dc.contributor.authorChidi, O.C
dc.date.accessioned2017-10-16T14:52:13Z
dc.date.available2017-10-16T14:52:13Z
dc.date.issued2010
dc.descriptionStaff Publicationen_US
dc.description.abstractThe authors x-rayed the relevance of human capital acccounting to stock investment decisions in Nigeria. It is believed that a well-developed system of human resource/capital accounting could contribute significantly to internal decisions by management and external decisions by investors. Information on investment and value of human resources is useful for decision making in the enterprise. The authors adopted the survey research design. An instrument was designed using the 5-point Liken scales ranging from strongly agree (5) to strongly disagree (l). The instrument has 26 items. /\ total of 65 samples were drawn from the target population using the simple random sampling technique. Out of the 65 questionnaires administered, 44 were returned upon which the analysis was based. This represents 67.7% response rate. Data analysis was carried out with the aid of SPSS (Statistical Package for Social Sciences). The Chi-square statistical technique was used to test the hypotheses at 5% alpha level. It was found out that the quality of human capital is a major factor in determining the value of a firm's stock and investment decisions. Quality of management and employees are key factors in investment decisions (X2 = 30.86,p < 0.05). Stocks of companies with poor quality manpower and high staff turnover are high risk investment. (X2 = 28.16, ;p; 0 .05). It was also empirically verified that the inclusion of human capital value in the balance sheet of organizations does help investors make more rational investment decisions. Human capital accounting should be made necessary element of financial reporting (x240.37, p < .05.) The authors recommended the need to address the issues of human capital development and investment at both the micro and macro levels and that human capital value should be included in the balance sheet of Nigerian organizations to aid investment decisions. Keywords: Human capital accounting, investment decisions, human asset.en_US
dc.identifier.citationOkpala,P.O and Chidi,O.C (2010) Human Capital Accounting and its Relevance to Stock Investment Decisions in Nigeria. European Journal of Economics, Finance and Administrative Sciences. (21), p. 65 - 76.en_US
dc.identifier.issn1450-2275
dc.identifier.urihttp://www.eurojoumals.com
dc.identifier.urihttps://www.researchgate.net/.../287013516_Human_capital_accounting_and_its_releva.
dc.identifier.urihttp://ir.unilag.edu.ng:8080/xmlui/handle/123456789/2321
dc.language.isoenen_US
dc.publisherEuroJoumals, Inc. 2010en_US
dc.relation.ispartofseriesStaff Publication;
dc.subjectHuman Capital Accountingen_US
dc.subjectInvestment Decisionsen_US
dc.titleHuman Capital Accounting and its Relevance to Stock Investment Decisions in Nigeria.en_US
dc.typeArticleen_US
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
EUROPEAN JOURNAL OF ECONOMICS , FINANCE AND ADMINISTRATIVE SCIENCES.pdf
Size:
10.05 MB
Format:
Adobe Portable Document Format
Description:
Full Text
Download
License bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed upon to submission
Description:
Download
Collections
Employment Relations & Human Resource Management- Scholarly Publications