Does Ownership Structure Affect HR Disclosure Practices? Evidence from India.

The objective of the present study is to identify the effect of ownership structure on HR disclosure practices in Indian companies. The present study has been conducted on 336 companies listed on 'NSE-500 Index' for the time period FY 2012-13 to 2019-2020. The data is collected from annual reports of the sample companies and Center for Monitoring Indian Economy (CMIE) ProwessIQ Database. For analysis, descriptive statistics, Pearson's correlation matrix, Two-Way Least Square Dummy Variable (LSDV) regression model are used. The outcomes of descriptive statistics show that the mean percentage of HRDI is 39.31. It indicates that it is lies on lower side. Additionally, the trend of HRDI is on continuous increasing side. It means companies increase their HR disclosure practices with the passage of time. Further, the outcome of Two-Way LSDV regression model shows that there is significant positive effect of corporate bodies, financial institutions, foreign institutional investors, promoter's holding, company age, market capitalization on HRDI. Overall, it can be said that the study adds to the existing body of literature related to the effect of ownership structure on HR disclosure practices in Indian listed companies. [ABSTRACT FROM AUTHOR]