The IUP Journal of Applied Finance
The Relationship Between Human Resource Disclosure and Company Characteristics: A Study on Indian Companies

Article Details
Pub. Date :Oct, 2019
Product Name : The IUP Journal of Applied Finance
Product Type : Article
Product Code : IJAF21910
Author Name : Mahesh Chand Garg and Sandeep Kumar
Availability : YES
Subject/Domain : Finance
Download Format : PDF Format
No. of Pages : 20



This study examines the extent of human resource disclosure in the annual reports by Indian corporate and its relationship with various company characteristics. Data is collected from the annual reports of the companies listed on the stock exchange Dollex-200 for the year ending March 31, 2014 and the level of disclosure is measured through Human Resource Disclosure Index (HRDI). The result indicates that in size, only market capitalization of the company positively and significantly affects the amount of information disclosed in annual reports. On the contrary, there is a non-significant relationship between HRDI and other company characteristics (profit after tax, net sales, total assets, age, type of industry, profitability, liquidity and leverage). In addition, the study also finds that 77% of the Indian companies have HRDI between 20% and 50% in their annual reports.


The Human Resources (HR) department of a company controls not only HR but also supervises various aspects of employment, such as compliance with labor law and employment standards, management of benefits and aspects of recruitment and retirement. It is a wellknown fact that in all commercial enterprises, both physical assets and human resources are necessary for success (Sharma and Shukla, 2010). However, of the two, the human component is dynamic (Ratti, 2012). It is said that human beings are a creative and innovative force that strives to obtain maximum results (Singh, 2009).


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