The existing study tried to explore the relationship between the applications of HRIS and the firm’s financial
results. To make sense, two most commonly used statistical tools: Regression and MANCOVA were tested. Five
corporate financial performance indicators (income P/E, profit P/E, ROI, ROE and ROA) regressed with the
applications of HRIS while firm ownership patterns, volume of capital and total number of employees kept as
control variables.