SOURCE:

Faculty: Management Sciences
Department: Accountancy

CONTRIBUTORS:

Okika, E. C. M
Okoye, E. I.
Ezeagba, C.

ABSTRACT:

This study examined the effect of corporate characteristics on human resources disclosure of manufacturing firm listed on Nigeria stock exchange (NSE) as at 31st December 2017, for a period of fourteen years, ranging from 2004-2017. Specifically, it investigated the extent to which ownership concentration, firm size, leverage, board size and audit committee delligence affects human resources disclosure of manufacturing firm listed on Nigeria Stock Exchange. In pursuit of the objectives of this study, five hypotheses were formulated and tested using secondary data obtained from the publications of Nigeria Stock Exchange (NSE), Fact book and the annual reports and accounts of the selected manufacturing firms listed on the Nigerian stock exchange as at 31st December 2017. The researchers made use of Ex-post facto research design in conducting the research. Panel Data was employed in this study. Correlation co-efficient, Ordinary Least Square (OLS) regression analysis and Granger Causality test were used to test the hypotheses with the aid of E-View 9.0. The results of this study revealed that ownership concentration and other corporate characteristics variables have positive and statistically significant effects on human resources disclosure of manufacturing firms listed on Nigeria Stock Exchange at 5% level of significance. Based on the findings, the study recommended, among others that Financial Reporting Council of Nigeria should incorporate their accounting standard for the valuation and disclosure of human resource accounting. Also stakeholders need to evolve a more pragmatic means of developing the human capabilities, since it is seen as an important tool for economic growth in Nigeria and encouragement should be given to shareholders activism and that audit committee should be headed by financial expert for effective leadership. This will enhance valuation of human capital, ensure a higher degree of utility to stakeholders, uniformity in disclosures and will allow a reliable comparison of human capital values.