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Corporate governance and HR disclosure practices: evidence from India

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  • Kirti Aggarwal

    (Guru Jambheshwar University of Science and Technology, Hisar)

Abstract

The purpose of the present paper is to study the effect of corporate governance variables on Human Resource Disclosure Index (HRDI) in Indian corporate sector. The sample contains the Indian firms listed on NSE-500 Index. The final sample contains 336 companies. The data of human resource disclosure are collected from annual reports using content analysis approach for the time period of 8 years (Financial Year 2012–13 to 2019–2020). In addition, the data of corporate governance variables are also gathered from annual reports of the sample companies. For analysis purpose, descriptive statistics, Pearson’s correlation matrix and one-way least square dummy variable regression model have been used. The outcomes show that board size, board meeting and audit committee have significant positive effect on HR disclosure of the Indian listed companies. However, board independence and CEO duality have insignificant but positive effect on HRDI. Overall, it can be said that the HRDI constructed in the present study will be a useful tool and set as a benchmark for the companies to increase their human resource disclosure practices in the near future.

Suggested Citation

  • Kirti Aggarwal, 2023. "Corporate governance and HR disclosure practices: evidence from India," SN Business & Economics, Springer, vol. 3(2), pages 1-18, February.
    • Handle: RePEc:spr:snbeco:v:3:y:2023:i:2:d:10.1007_s43546-023-00421-8
    DOI: 10.1007/s43546-023-00421-8
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