Vol. 2 No. 1 (2024)
Articles

EMPLOYEES ABNORMAL BENEFIT AND RETURN ON ASSETS OF LISTED MANUFACTURING FIRMS IN NIGERIA

Uchegbu Callista Ukamaka
Department of Accountancy, Nnamdi Azikiwe University Awka, Anambra State, Nigeria
Egbunike Patrick Amaechi
Department of Accountancy, Nnamdi Azikiwe University Awka, Anambra State, Nigeria

Published 2024-01-03

Keywords

  • Earnings Management,
  • Employee’s Abnormal Benefit,
  • Return on Assets

How to Cite

Uchegbu Callista Ukamaka, & Egbunike Patrick Amaechi. (2024). EMPLOYEES ABNORMAL BENEFIT AND RETURN ON ASSETS OF LISTED MANUFACTURING FIRMS IN NIGERIA. American Research Journal of Contemporary Issues, 2(1), 12-23. https://www.openjournals.ijaar.org/index.php/arjci/article/view/367

How to Cite

Uchegbu Callista Ukamaka, & Egbunike Patrick Amaechi. (2024). EMPLOYEES ABNORMAL BENEFIT AND RETURN ON ASSETS OF LISTED MANUFACTURING FIRMS IN NIGERIA. American Research Journal of Contemporary Issues, 2(1), 12-23. https://www.openjournals.ijaar.org/index.php/arjci/article/view/367

Abstract

This study assessed the effect of employee’s abnormal benefit on return on assets of listed manufacturing firms in Nigeria for a period of ten (10) years spanning from 2013-2022. Panel data were used in this study, which were obtained from the annual reports and accounts of twenty one (21) sampled listed manufacturing firms for the period 2013-2022. Ex-Post Facto research design was employed. Inferential statistics using Panel Least Square (PLS) regression analysis and Hausman Test were applied to test the hypothesis of the study. The results revealed that that employee’s abnormal benefit has a significant but negative effect on return on assets of listed manufacturing firms in Nigeria at 5% level of significance (β1=-0.036034; p-value = 0.0010). The study recommended amongst others that firms’ philosophy should therefore be intentionally designed to attract, motivate, and retain top talent, and to closely align abnormal pay and performance.

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