IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Relevanz, Qualitaet und Determinanten der externen Unternehmenspublizitaet zum Humankapital – eine empirische Bestandsaufnahme der HDAX-Unternehmen (Relevance, Quality and Determinants of Human Capital Disclosure – An Empirical Analysis of the German HDAX Companies)

Listed author(s):
  • Thorsten Knauer
Registered author(s):

    Theorie und Unternehmenspraxis weisen auf die hohe Relevanz des Humankapitals fuer den Unternehmenserfolg hin. Investitionen in die Ressource Mensch werden im Jahresabschluss allerdings mit wenigen Ausnahmen als Aufwendungen erfasst. Das Humankapital ist somit nicht als Vermoegensgegenstand in der Bilanz fuer die Adressaten sichtbar, weshalb eine verbale Darstellung des Humankapitals geeignet erscheint. Vor diesem Hintergrund dokumentiert der vorliegende Beitrag die Qualitaet der verbalen mitarbeiterbezogenen Unternehmenspublizitaet der HDAX-Unternehmen, welche mithilfe eines auf Basis der bestehenden Literatur entwickelten Scoringmodells ermittelt wird. Darueber hinaus wird analysiert, welche Determinanten die Qualitaet der Humankapital-Berichterstattung beeinflussen. Als wesentliche Erkenntnis kann festgehalten werden, dass trotz der hohen Bedeutung die Qualitaet der mitarbeiterbezogenen Publizitaet in den Geschaeftsberichten eher gering ausfaellt. So wird ein nennenswerter Anteil wesentlicher Aspekte in den Berichten ueberhaupt nicht angesprochen. Vor allem Aspekte, die fuer eine breite Anzahl von Stakeholdern wichtig sind, werden selten thematisiert. Wesentliche Determinanten der Qualitaet der Humankapital-Berichterstattung stellen mit der Hoehe des Personalaufwands sowie der Bedeutung patentgeschuetzten Wissens unternehmensbezogene Charakteristika dar. (Theory and practice indicate that human capital is crucial for company success. However, financial accounting treats investments in human capital as expenses rather than assets appearing on the balance sheet. Hence, verbal explanations are critical for addressees. This paper extends the literature on voluntary disclosure by investigating human capital disclosure measured by a disclosure index score of the German HDAX companies. In addition, determinants of human capital disclosure are examined. The results show a rather low reporting quality since many essential aspects are not even mentioned. Particularly, aspects relevant to a broader range of stakeholders are not covered in annual reports. Key determinants of reporting quality were found to be the level of personnel expenses and the importance of patented knowledge in companies.)

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: no

    Article provided by Rainer Hampp Verlag in its journal Zeitschrift fuer Personalforschung - German Journal of Research in Human Resource Management.

    Volume (Year): 24 (2010)
    Issue (Month): 3 ()
    Pages: 205-230

    in new window

    Handle: RePEc:rai:zfpers:doi_10.1688/1862-0000_zfp_2010_03_knauer
    Contact details of provider: Web page:

    Order Information: Postal: Rainer Hampp Verlag, Journals, Vorderer Lech 35, 86150 Augsburg, Germany. A subscripton is required to access pdf files. Pay per article is available at
    Web: Email:

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:rai:zfpers:doi_10.1688/1862-0000_zfp_2010_03_knauer. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Rainer Hampp)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.