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Human Resources Disclosure in the Annual Reports: A Case of Romanian Listed Companies from the Medical and Pharmaceutical Industry

Author

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  • Bratu Ana-Maria

    (1 Bucharest University of Economic Studies, Bucharest, Romania)

  • Lungu Camelia Iuliana

    (2 Bucharest University of Economic Studies, Bucharest, Romania)

Abstract

The main objective of this paper is to determine whether corporate characteristics reflecting financial performance, size, and information on internal and external audit, or performance management are determinants of human resources disclosure in the annual reports. In this paper, information from annual reports of six Romanian companies listed on the Bucharest Stock Exchange are collected for the years 2012-2021, using content analysis. The data was analyzed using descriptive statistics and correlation analysis. Moreover, the multiple linear regression is applied to cross-sectional panel data in order to determine the effects of human resources disclosure index in relation to return on assets (ROA), return on equity (ROE), leverage, number of employees, company size, company age, the existence of an Audit Committee, the auditor type and performance management. The results show that the age of the company and the existence of the Audit Committee are the most significant variables positively correlated with disclosure of human resources information. Furthermore, leverage is another significant variable, however, negatively associated with the level of company disclosure in the annual report. The variables ROA, ROE, number of employees, company size, type of auditor and performance management do not have a significant impact on human resources disclosure in the case of Romanian listed companies from the medical and pharmaceutical industry.

Suggested Citation

  • Bratu Ana-Maria & Lungu Camelia Iuliana, 2023. "Human Resources Disclosure in the Annual Reports: A Case of Romanian Listed Companies from the Medical and Pharmaceutical Industry," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 17(1), pages 692-701, July.
    • Handle: RePEc:vrs:poicbe:v:17:y:2023:i:1:p:692-701:n:31
    DOI: 10.2478/picbe-2023-0065
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    References listed on IDEAS

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    1. Prihatin Tiyanto Priagung Hutomo & Emiliana Sri Pudjiarti, 2018. "Corporate Governance and HRM Practice on Consumption Product Sector Listed in Indonesia Stock Exchange," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 132-142.
    2. Duc Hieu Pham & Thi Huyen Chu & Thi Bich Ngoc Hoang & Thi Thu Thuy Lai, 2022. "Human resource accounting disclosure among listed companies in Vietnam: An empirical study," Cogent Business & Management, Taylor & Francis Journals, vol. 9(1), pages 2067025-206, December.
    3. Fatma Bulut Sürdü & Arzu Özsözgün Çalışkan & Emel Esen, 2020. "Human Resource Disclosures in Corporate Annual Reports of Insurance Companies: A Case of Developing Country," Sustainability, MDPI, vol. 12(8), pages 1-20, April.
    4. Cachón-Rodríguez, Gabriel & Blanco-González, Alicia & Prado-Román, Camilo & Del-Castillo-Feito, Cristina, 2022. "How sustainable human resources management helps in the evaluation and planning of employee loyalty and retention: Can social capital make a difference?," Evaluation and Program Planning, Elsevier, vol. 95(C).
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