Relationship between Accounting Information and Human Resource Management Related Strategic Decision Making in Sri Lankan Manufacturing Companies

Abstract

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Accounting information is used by organizations extensively in strategic decision making. In this study, the relationship between accounting information and strategic decision malting in Sri Lankan manufacturing companies has been analysed. The manufacturing sector was selected as it is the largest contributor to the industry sector, which is the second largest contributor to Sri Lanka k GDP. This study focused on the relationship between accounting information and human resource management related strategic decision making in Sri Lankan manufacturing companies. Sample fo r the study consisted o f 70 public quoted manufacturing companies operating in the country. The unit o f analysis fo r this research was a t company level. Primary data fo r the study were collected from Chief Operating Officers o f the companies selected fo r the study. The main data collection instrument used was a structured self-administered questionnaire. The correlation between accounting information and human resource management related strategic decision making in Sri Lankan manufacturing companies was analysed using Pearson's Correlation, Findings from the study indicates that accounting information has a statistically significant strong positive correlation with human resource management related strategic decision making in Sri Lankan manufacturing companies.