東華大學圖書館 |

語系: 繁體中文

說明(常見問題)

回圖書館首頁

手機版館藏查詢

登入

回首頁 到查詢結果 [ null ]

切換: 標籤 | MARC模式 | ISBD

How Do Investors Respond to Human Ca...

Brown, Eric.

FindBook

Google Book

Amazon

博客來

How Do Investors Respond to Human Capital Disclosures?

紀錄類型:	書目-電子資源 : Monograph/item
正題名/作者:	How Do Investors Respond to Human Capital Disclosures?/
作者:	Brown, Eric.
出版者:	Ann Arbor : ProQuest Dissertations & Theses, : 2023,
面頁冊數:	49 p.
附註:	Source: Dissertations Abstracts International, Volume: 84-11, Section: A.
Contained By:	Dissertations Abstracts International84-11A.
標題:	Finance. -
電子資源:	https://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=30420518
ISBN:	9798379551902

How Do Investors Respond to Human Capital Disclosures?
Brown, Eric.

How Do Investors Respond to Human Capital Disclosures? - Ann Arbor : ProQuest Dissertations & Theses, 2023 - 49 p.

Source: Dissertations Abstracts International, Volume: 84-11, Section: A.

Thesis (Ph.D.)--The University of North Carolina at Chapel Hill, 2023.

This item must not be sold to any third party vendors.

Human capital is an important component of many firms' operations, and many firms derive their value largely from the skills and expertise of their employees. Current accounting standards do not allow financial statement recognition of investment in human capital, nor do accounting standards require much information disclosure to aid in investor understanding of firm human capital management. A recent SEC regulation requires firms to disclose more human capital information than what was previously required, although the regulation falls short of mandating explicit disclosure of specific information. I explore and describe the different types of information firms have chosen to disclose in response to this new regulation. I examine the relation between human capital disclosures and stock market cumulative abnormal returns. I also examine the relation between specific topics of human capital information and abnormal returns. Overall, my results indicate that human capital disclosures are informative and are associated with stock market reactions. Longer human capital disclosures are associated with stronger positive market reactions. Certain topics of information (e.g., diversity, training, and compensation) are associated with positive market reactions while other topics (e.g., union relations and executive team information) are associated with negative reactions. Taken together my results suggest the new regulation provided valuable information to the market, but more explicit requirements could yield more informative and comparable human capital disclosures.

ISBN: 9798379551902Subjects--Topical Terms:

542899
Finance.
Subjects--Index Terms:

Disclosure

How Do Investors Respond to Human Capital Disclosures?
LDR:02784nmm a2200397 4500 001 2397877
005 20240711091431.5
006 m o d
007 cr#unu||||||||
008 251215s2023 ||||||||||||||||| ||eng d
020 $a 9798379551902
035 $a (MiAaPQ)AAI30420518
035 $a AAI30420518
040 $a MiAaPQ $c MiAaPQ
100 1 $a Brown, Eric. $3 1269530
245 1 0 $a How Do Investors Respond to Human Capital Disclosures?
260 1 $a Ann Arbor : $b ProQuest Dissertations & Theses, $c 2023
300 $a 49 p.
500 $a Source: Dissertations Abstracts International, Volume: 84-11, Section: A.
500 $a Advisor: Landsman, Wayne.
502 $a Thesis (Ph.D.)--The University of North Carolina at Chapel Hill, 2023.
506 $a This item must not be sold to any third party vendors.
520 $a Human capital is an important component of many firms' operations, and many firms derive their value largely from the skills and expertise of their employees. Current accounting standards do not allow financial statement recognition of investment in human capital, nor do accounting standards require much information disclosure to aid in investor understanding of firm human capital management. A recent SEC regulation requires firms to disclose more human capital information than what was previously required, although the regulation falls short of mandating explicit disclosure of specific information. I explore and describe the different types of information firms have chosen to disclose in response to this new regulation. I examine the relation between human capital disclosures and stock market cumulative abnormal returns. I also examine the relation between specific topics of human capital information and abnormal returns. Overall, my results indicate that human capital disclosures are informative and are associated with stock market reactions. Longer human capital disclosures are associated with stronger positive market reactions. Certain topics of information (e.g., diversity, training, and compensation) are associated with positive market reactions while other topics (e.g., union relations and executive team information) are associated with negative reactions. Taken together my results suggest the new regulation provided valuable information to the market, but more explicit requirements could yield more informative and comparable human capital disclosures.
590 $a School code: 0153.
650 4 $a Finance. $3 542899
653 $a Disclosure
653 $a Human capital
653 $a Market reaction
653 $a Text analysis
690 $a 0272
690 $a 0635
690 $a 0508
690 $a 0505
710 2 $a The University of North Carolina at Chapel Hill. $b Business Administration. $3 1026784
773 0 $t Dissertations Abstracts International $g 84-11A.
790 $a 0153
791 $a Ph.D.
792 $a 2023
793 $a English
856 4 0 $u https://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=30420518