ABSTRACT

The study focused on the effects of Human Resources Accounting information on shareholders' investment decision. The objective of the study is to determine the relationship between human resources accounting information and shareholders' investment decision of selected banks in Nigeria. To achieve the objective of this study ex post facto research design was adopted and cross sectional data was collected. That researcher adopted secondary data in getting the required information. Researcher made use of financial statement extracted from Jive selected banks from 2009-2018, which is period of 10 years. In testing the hypothesis, Simple regression analysis was used. The findings revealed that Human resources accounting information has no significant effect on shareholders' investment decision in Nigeria. The findings also revealed that Human resources accounting information has no significant effect on the earnings per share of banks in Nigeria. Equally the findings also show that Human resources accounting has no significant effect on the ordinary share prices of banks in Nigeria. And finally the findings revealed that human resources accounting has no significant effect on the Net Worth of selected banks in Nigeria. The researcher recommends that firms should follow a consistent approach in their investments in socially responsible costs as it concerns the human resources cost. Since this category of costs influence the decisions of their investors significantly. We suggest that employees' related costs should also be pursued systematically and well supervised as it is capable of explaining the variations that occur in the performance of the banks as we observed in the analysis of hypothesis 2 on earnings per share of the banks. The study further recommends that managers of banks in Nigeria should carefully monitor their investments on human resources costs considering two phased features as both expenses and investment. As expenses, they should control it and ensure that funds mapped out are properly and effectively channeled to appropriate recipients, accounted for and communicated to all stake holders; but as investments, they should ensure it is done in such a way as to grow the perception and consequent ratings of the firms in the stock market hence human resources cost should not be viewed as ordinary expenses.