skip to main content
Language:
Search Limited to: Search Limited to: Resource type Show Results with: Show Results with: Search type Index

The financial consequences of human capital disclosure as part of integrated reporting

Journal of intellectual capital, 2022-09, Vol.23 (6), p.1221-1245 [Peer Reviewed Journal]

Emerald Publishing Limited ;Emerald Publishing Limited. ;ISSN: 1469-1930 ;EISSN: 1758-7468 ;DOI: 10.1108/JIC-03-2021-0079

Full text available

Citations Cited by
  • Title:
    The financial consequences of human capital disclosure as part of integrated reporting
  • Author: Salvi, Antonio ; Raimo, Nicola ; Petruzzella, Felice ; Vitolla, Filippo
  • Subjects: Annual reports ; Competitive advantage ; Content analysis ; Disclosure ; Empirical analysis ; Equity ; Financial statements ; Human capital ; Intellectual capital ; Literature reviews ; Regression models ; Risk perception ; Social responsibility ; Value creation
  • Is Part Of: Journal of intellectual capital, 2022-09, Vol.23 (6), p.1221-1245
  • Description: PurposeThe purpose of this paper is to analyse the financial consequences of the level of human capital (HC) information disclosed by firms through integrated reports. Specifically, this work examines the effect of HC information on the cost of capital and firm value.Design/methodology/approachA manual content analysis is used to measure the level of HC information contained in integrated reports. A fixed-effects regression model is used to analyse 375 observations (a balanced panel of 125 firms for the period 2017–2019) and test the financial consequences of HC disclosure.FindingsThe empirical outcomes indicate that HC disclosure has a significant and negative effect on the cost of capital and a positive impact on firm value. Our results show that companies can reduce investors' perceived firm risk by improving HC disclosure, leading to a lower cost of capital. Moreover, our findings support the notion that increased levels of HC disclosure are linked to firms' improved access to external financial resources, consequently enhancing firm value.Originality/valueThis study is the first contribution to examine the financial consequences of HC disclosure and is one of the first to examine the level of HC information within integrated reports.
  • Publisher: Bradford: Emerald Publishing Limited
  • Language: English
  • Identifier: ISSN: 1469-1930
    EISSN: 1758-7468
    DOI: 10.1108/JIC-03-2021-0079
  • Source: ProQuest Central
Back to results list
INSPIRE LIBRARY - TON DUC THANG UNIVERSITY (84-028) 37 755 057 Feedback
19 Nguyen Huu Tho St. Dist.7, HCM thuvien@tdtu.edu.vn

Copyright © 2017 INSPIRE LIBRARY - TON DUC THANG UNIVERSITY

Searching Remote Databases, Please Wait