The Influence of a Firm’s Attributes on Human Resource Disclosure Level: Evidence from India

Abstract

The aim of the present study is to examine the effect of a firm’s different attributes on human resources (HR) disclosure level of the Indian listed companies’. The study has been conducted on 126 companies listed on National Stock Exchange (NSE)-200 index for the time period of 7 years (F.Y. 2012–2013 to 2018–2019). The data were gathered from ‘annual reports and Centre for Monitoring Indian Economy (CMIE) ProwessIQ Database. For analysis, descriptive statistics, Pearson’s correlation matrix and Two-way Least Square Dummy Variable (LSDV) regression model’ have been used. The results of the study depicted that on an average, companies disclose 43.86% of HR information in their annual reports. Further, the results of the two-way LSDV regression model shows that there is a significant positive effect of net sales, market capitalization, pages of an annual report and significant negative of debt to equity ratio, promoter’s holding, profit after tax and listing status on HR disclosure level of the selected Indian listed companies. Overall, it can be said that The Institute of Chartered Accountants of India (ICAI) and other regulatory bodies should set standardized guidelines for enhancing the HR disclosure practices of the Indian companies, and in the near future, they should come up with different HR disclosure sheet.