Human resources disclosures by African and Caribbean companies

Abstract

Purpose

The purpose of this paper is to examine the extent to which economically significant Caribbean and African firms provide human resources disclosures (HRD), and the factors related to their disclosure practices. It is motivated by the dearth of studies of HRD among firms in developing countries.

Design/methodology/approach

All companies with common shares listed on the main tier of the major stock exchanges in each country examined on December 31, 2013 as well as selected state enterprises were included in the study if their annual report, sustainability report or integrated report was available online. HRD was measured using an unweighted 174-item disclosure index. The research hypotheses were examined using multiple-regression analysis.

Findings

The level of HRD in the Caribbean and Southern Africa was relatively low (M=33.7 percent, SD=25.3 percent). The amount of HRD was related to organizational culture, firm size, industry affiliation, national governance environment and foreign influence. Geographical region, gender diversity and director independence were not statistically related to the amount of HRD.

Practical implications

Caribbean and African governments may need to implement incentives for economically significant companies to participate in targeted human resources (HR) development initiatives, to provide more comprehensive HR disclosures and incorporate HR consideration in their strategic decision making.

Originality/value

This is one of the first studies to compare the amount and determinants of HRD by economically significant Caribbean and African companies.

Citation

Bowrin, A.R. (2018), "Human resources disclosures by African and Caribbean companies", Journal of Accounting in Emerging Economies, Vol. 8 No. 2, pp. 244-278. https://doi.org/10.1108/JAEE-07-2016-0065