Effect of human resource value on firms' stock price and financial performance in context of listed manufacturing companies in India

Khadijeh, K. P. and Arash, N. (2014) Effect of human resource value on firms' stock price and financial performance in context of listed manufacturing companies in India. Research Journal of Recent Sciences, 3 (11). pp. 63-69. ISSN 2277-2502

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Abstract

The lack of quantification and disclosure of human assets in domestic and international financial reports may impact stock price. The aim of this study is to analyze empirically the relation between the value of human resource and firms stock price and financial performance.The data used in the study has been collected from the annual reports of eight selected Manufacturing companies listed in BSE-500 Index for the years 2005-06 to 2011-12. This study is limited to 8 manufacturing organizations, and it indicates that the human asset has not impact on the stock price of selected manufacturing organization. This research also indicates that the human value is positively and negatively affected by the financial performance of the companies; therefore there is a statistically significant relationship between human capital efficiency and firms financial performance. From a careful examination of correlation results on firm financial performance and HRV the conclusion derives is that the return on asset as a profitability ratio does not have effect on Human value and current ratio and acid ratio as liquidity ratios have negative relationship with Human value and two financial variables which have positive relationship with human resource value are sales revenue and net income

Item Type: Article
Uncontrolled Keywords: Human Resource Value (HRV) and Firms' Stock Price and Financial Performance and Manufacturing Companies
Subjects: G Commerce > Management Science
Divisions: Department of > Management
Depositing User: Shrirekha N
Date Deposited: 30 Sep 2019 06:30
Last Modified: 30 Sep 2019 06:30
URI: http://eprints.uni-mysore.ac.in/id/eprint/8635

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