Transparency, Social Responsibility and Corporate Governance: Human Capital of companies
Companies develop their activity in an environment characterized by knowledge-based economies, with qualified and highly skilled workers. Human Capital is one of the most important intangible resources that companies have to generate sustainable wealth. The main objective of this paper is to analyse...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Universidad del País Vasco (UPV/EHU)
2018-06-01
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| Series: | Management Letters/Cuadernos de Gestión |
| Subjects: | |
| Online Access: | http://www.ehu.eus/cuadernosdegestion/revista/en/published-issues/articulo?year=2018&vol=2018&num=2&o=6 |
| _version_ | 1819050551538614272 |
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| author | Francisca Tejedo Romero Joaquim Filipe Ferraz Esteves Araujo |
| author_facet | Francisca Tejedo Romero Joaquim Filipe Ferraz Esteves Araujo |
| author_sort | Francisca Tejedo Romero |
| collection | DOAJ |
| description | Companies develop their activity in an environment characterized by knowledge-based economies, with qualified and highly skilled workers. Human Capital is one of the most important intangible resources that companies have to generate sustainable wealth. The main objective of this paper is to analyse the Human Capital information provided by companies in the field of Corporate Social Responsibility and Corporate Governance. Using the methodology of content analysis, this paper analyses the Human Capital disclosure contained in social responsibility reports of Spanish companies belonging to the IBEX 35. In addition, it identifies factors related to Corporate Governance (characteristics of the Board of Directors, and ownership structure of companies) with greatest impact on information provision. Balanced panel data are used to test our hypotheses. Empirical evidence shows a quadratic U-shaped relationship among the size of the board, independence, and the ownership concentration with Human Capital disclosure; and an inverted U-shaped relationship between managers’ ownership of shares and Human Capital disclosure. In addition, it has been found that companies with greater gender diversity on their Board, as well as with greater board activity, tend to disclose more information related to Human Capital. |
| first_indexed | 2024-12-21T11:49:51Z |
| format | Article |
| id | doaj.art-93a94a42c29b4f40b29446efaf8f89ab |
| institution | Directory Open Access Journal |
| issn | 1131-6837 1988-2157 |
| language | English |
| last_indexed | 2024-12-21T11:49:51Z |
| publishDate | 2018-06-01 |
| publisher | Universidad del País Vasco (UPV/EHU) |
| record_format | Article |
| series | Management Letters/Cuadernos de Gestión |
| spelling | doaj.art-93a94a42c29b4f40b29446efaf8f89ab2022-12-21T19:05:04ZengUniversidad del País Vasco (UPV/EHU)Management Letters/Cuadernos de Gestión1131-68371988-21572018-06-0118213316210.5295/cdg.160693ftTransparency, Social Responsibility and Corporate Governance: Human Capital of companiesFrancisca Tejedo Romero0Joaquim Filipe Ferraz Esteves Araujo1Faculty of Economic and Business Sciences of Albacete. Department of Business Administration. Plaza de la Universidad, 1, 02071, Albacete (Spain).Francisca.Tejedo@uclm.esSchool of Economics and Management. Department of International Relations and Public Administration. Campus de Gualtar. 4715-343, Braga (Portugal). jfilipe@eeg.uminho.ptCompanies develop their activity in an environment characterized by knowledge-based economies, with qualified and highly skilled workers. Human Capital is one of the most important intangible resources that companies have to generate sustainable wealth. The main objective of this paper is to analyse the Human Capital information provided by companies in the field of Corporate Social Responsibility and Corporate Governance. Using the methodology of content analysis, this paper analyses the Human Capital disclosure contained in social responsibility reports of Spanish companies belonging to the IBEX 35. In addition, it identifies factors related to Corporate Governance (characteristics of the Board of Directors, and ownership structure of companies) with greatest impact on information provision. Balanced panel data are used to test our hypotheses. Empirical evidence shows a quadratic U-shaped relationship among the size of the board, independence, and the ownership concentration with Human Capital disclosure; and an inverted U-shaped relationship between managers’ ownership of shares and Human Capital disclosure. In addition, it has been found that companies with greater gender diversity on their Board, as well as with greater board activity, tend to disclose more information related to Human Capital.http://www.ehu.eus/cuadernosdegestion/revista/en/published-issues/articulo?year=2018&vol=2018&num=2&o=6TransparencyHuman CapitalSocial ResponsibilityCorporate Governance |
| spellingShingle | Francisca Tejedo Romero Joaquim Filipe Ferraz Esteves Araujo Transparency, Social Responsibility and Corporate Governance: Human Capital of companies Management Letters/Cuadernos de Gestión Transparency Human Capital Social Responsibility Corporate Governance |
| title | Transparency, Social Responsibility and Corporate Governance: Human Capital of companies |
| title_full | Transparency, Social Responsibility and Corporate Governance: Human Capital of companies |
| title_fullStr | Transparency, Social Responsibility and Corporate Governance: Human Capital of companies |
| title_full_unstemmed | Transparency, Social Responsibility and Corporate Governance: Human Capital of companies |
| title_short | Transparency, Social Responsibility and Corporate Governance: Human Capital of companies |
| title_sort | transparency social responsibility and corporate governance human capital of companies |
| topic | Transparency Human Capital Social Responsibility Corporate Governance |
| url | http://www.ehu.eus/cuadernosdegestion/revista/en/published-issues/articulo?year=2018&vol=2018&num=2&o=6 |
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