Effect of the value of human assets and its component variables on firm value a study on listed companies in Bombay stock exchange

Khadijeh, K. P. and Sumangala, C. (2015) Effect of the value of human assets and its component variables on firm value a study on listed companies in Bombay stock exchange. Research Journal of Recent Sciences, 4 (9). pp. 39-43. ISSN 2277-2502

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Abstract

The main purpose of the study is to find out the relationship between human asset value and its attribute variables on firm value. The data used in the study has been collected from the annual reports of ten selected companies listed in BSE-500 Index for the years 2005-06 to 2011-12. To find out the interrelationship between variables, the bivariate correlation analysis and linear regression analysis between firm value and HRV and its component variables has been undertaken. This study indicates that the human asset has an impact on the firm value of an organization. The componentized variables of HRV (i.e. total number of employees and return on HRV) yield a significantly high coefficient of determination, which could be used to predict the impact on firm value in selected companies. Out of the two component variables of HRV, total number of employees is positively related with firm value whereas the return on HRV is negatively related with firm value. The fact that there is any relationship indicates that investors may be benefiting from the disclosure of components and are considering the human asset as a decision �making factor.

Item Type: Article
Uncontrolled Keywords: Human Resource Value (HRV) and Human Resource Accounting (HRA) and Financial Variables and Predictor Variables
Subjects: G Commerce > Business Administration
Divisions: Department of > Business Administrations
Depositing User: Shrirekha N
Date Deposited: 27 Jun 2019 05:09
Last Modified: 27 Jun 2019 05:09
URI: http://eprints.uni-mysore.ac.in/id/eprint/3906

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