Organizational Performance And Growth: The Mediating Role Of Human Asset Accounting In Nigeria Banking Industry
IOSR Journal of Humanities and Social Science
Human effort is a critical major factor in the performance and growth of organisations. Tools such as machines, materials and money cannot be meaningful without being driven by human. Human elements however, are not documented in balance sheets of organisations like physical and intangible assets, which would lead to the understatement of true organisations' performances. This study therefore examined the mediating role of human asset accounting on organizational performance and growth in
... and growth in Nigeria banking industry. Survey and ex-post facto research designs were adopted. The population consisted of the management staff of eighteen quoted banks in Nigeria. 238 management staff were selected from Head Offices' human resources, accounts and audit/internal control departments of the banks adopting convenience sampling method. The study revealed that, organisational growth human asset is significant with R 2 =0.203; P=0.000, while a highly significant effect on other users of financial statements at R 2 =0.414,P=0.000 was found. In conclusion, non-recognition of human asset significantly affected the presentation of organisations' performances. The study recommends the adoption of the practice of human asset accounting for Nigerian banks and other business organisations.