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Human Capital Reporting and its Linkage with Key Performance Indicators of Companies: Evidence from Estonian Companies Listed on Nasdax OMX Baltic

Author

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  • Emilia Startseva
  • Natalja Gurvitš
  • Inna Sidorova

Abstract

Today the subject of non-financial accounting and reporting has become very popular. Human Capital Reporting (HCR) has become a vital part of everyday business activities of companies across the world. Most companies declare that human capital is the most important factor of their competiveness, which is also reflected in their CSR reports by incorporated social disclosures. The subject of the present research is human capital reporting and its linkage with the performance indicators of companies. The aim of this research is to establish whether there is a linkage between HCR and financial performance indicators of Estonian companies listed on the Nasdaq OMX Baltic (Tallinn market). The authors calculated various ratios and carried out HCR scoring to examine the presence of linkage between HCR reporting and companies' financial performance. The results demonstrate that there is no direct relationship between the level of HCR and the financial performance of selected companies.

Suggested Citation

  • Emilia Startseva & Natalja Gurvitš & Inna Sidorova, 2015. "Human Capital Reporting and its Linkage with Key Performance Indicators of Companies: Evidence from Estonian Companies Listed on Nasdax OMX Baltic," Central European Business Review, Prague University of Economics and Business, vol. 2015(4), pages 48-57.
    • Handle: RePEc:prg:jnlcbr:v:2015:y:2015:i:4:id:137:p:48-57
    DOI: 10.18267/j.cebr.137
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    References listed on IDEAS

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    1. Subhash Abhayawansa & James Guthrie, 2014. "Importance of Intellectual Capital Information: A Study of Australian Analyst Reports," Australian Accounting Review, CPA Australia, vol. 24(1), pages 66-83, March.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    CSR; Human Capital Reporting; performance indicators; market value added; sustainability;
    All these keywords.

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General

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