Developing a Framework for Human Capital Disclosure in Corporate Annual Reports
Keywords:
Human Capital; Human Capital Disclosure; Corporate Annual Reports, JSE Listed companies; South AfricaAbstract
This paper presents a framework with some indicative measures and metrics for communication human capital information to the users of Corporate Annual Reports (CARs). The methodology involved in developing this framework revolves around the use content analysis to ascertain the patterns and context of human capital disclosure (HCD) in CARS of 60 out of the top 100 Johannesburg Stock Exchange (JSE) listed companies. This analytical content analysis was undertaken to discover the extent to which disclosures in CARS relate to identified nine human capital content categories and the ninety-one underlying items. The objective is to provide a framework for human capital disclosures in Corporate Annual Reports of listed companies in South Africa. The human capital disclosure framework could be used as a model by companies in South Africa and other emerging economies in HCD in CARs.
References
Adelowotan, M.O. (2013). Human Capital Disclosure in Corporate Annual Reports. Unpublished Doctoral Thesis. University of South Africa, Pretoria.
Afiouni, F. (2013). Human capital management: a new name for HRM? International Journal of Learning and Intellectual Capital, Vol. 10, No 1, pp. 18-34.
Barney, J.B. (1991a). Firm Resources and sustained competitive advantage. Journal of Management, 17, pp.99-120.
Boedker, C. (2005). Australian guiding principles on extended performance management: A guide to better managing, measuring and reporting knowledge intensive organizational resources. GAP congress on Knowledge Capital Conference Proceedings, Melbourne, 3-4 November, Society for Knowledge Economics.
Dean, P. C., McKenna, K., & Krishnan, V. (2012). Accounting for Human Capital: Is the Balance Sheet Missing Something? International Journal of Business and Social Science, 3(12), pp. 61-64.
Gamerschlag, R. & Moeller, K. (2011). The Positive Effects of Human Capital Reporting. Corporate Reputation Review (2011) 14, pp.145-155.
Human Capital Management Coalition SEC petition for rule making, 6 July 2017. (https://sec.gov/rules/petitions/2017) Accessed April 2020.
Israelsen, R.D. & Yonker, S.E. (2017). Key Human Capital. Journal of Financial and Quantitative Analysis. Vol. 52, No. 1 February. 2017, pp. 175-214.
Lajili, K. (2015). Embedding human capital into governance design: a conceptual framework. Journal of Management and Governance, Vol. 19, pp.741-762.
Li, H; Loyalka, P; Rozelle, S. & Wu, B. (2017). Human Capital and China’s Future Growth. Journal of Economic Perspectives—Vol. 31, No. 1, pp. 25–48.
Mayo, A. (2001). The human value of the enterprise. London. Nicolas Brealey.
Miller, R. (1996). Measuring What People Know, Human Capital Accounting for the Knowledge Economy, Washington, DC: OECD Publications and Information Center.
Mohammad, A.J. (2015). Human capital disclosures: Evidence from Kurdistan. European Journal of Accounting, Auditing and Finance Research, Vol 3, No. 3, pp. 21-31.
Petkovic M; Krstic, B., & Radenovic, T. (2020) Accounting-based valuation methods of Intangible assets: Theoretical overview. Ekonomika, Vol. 66, No 1, pp. 1-12.
Rakiv, M. (2019). Firm- Specific Characteristics and Voluntary Disclosure Reporting: An Empirical Research on Listed Companies of Bangladesh, 5 (1), pp. 298-317.
Sveiby, K.E. (1997) The new organizational wealth: Managing and measuring knowledge-based assets. Berrett-Koehler Publisher, San Francisco, CA.
US Securities and Exchange Commission. https://www.sec.gov/rules/proposed/2019/33.10668.pdf. (Accessed April, 2020)
Published
How to Cite
Issue
Section
License
The author fully assumes the content originality and the holograph signature makes him responsible in case of trial.
