Title: Does ownership structure motivate listed companies to increase HR disclosure? Evidence from India

Authors: Kirti Aggarwal

Addresses: Haryana School of Business, Guru Jambheshwar University of Science and Technology, Hisar 125 001, Haryana, India

Abstract: The purpose of the present study is to examine the association between ownership structure and HR disclosure of Indian companies listed on the Indian Stock Exchange (NSE-200) for the latest time period of nine years (F.Y. 2012-13 to 2020-2021). The outcome of two-way least square dummy variable (LSDV) regression model depicted those corporate bodies, financial institutions, foreign institutional investors, ownership concentration, age of a company, company size, leverage have significantly influenced the HR disclosure practices of the Indian listed companies. Overall, it can be said that the policymakers can increase the level of HR disclosure through setting of standardised guidelines concerning HR reporting in India. Besides, policymakers are stimulated to establish a mandatory HR disclosure index that can be used to evaluate and compare the HR disclosure practice among Indian companies.

Keywords: ownership structure; HR disclosure; annual report; content analysis; HRDI; India.

DOI: 10.1504/IJEA.2023.135578

International Journal of Economics and Accounting, 2023 Vol.12 No.1, pp.43 - 60

Received: 25 Oct 2022
Accepted: 15 Aug 2023
Published online: 18 Dec 2023 *

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