DEVELOPMENT OF HUMAN RESOURCE ACCOUNTING (HRA) RESEARCH IN THE CAPITAL MARKET: EVIDENCE FROM INDIA

Human resource management and accounting is growing rapidly. The target of this discover is to study present vision on the significance of human resource accounting (HRA) data to the capital market in India. The paper is by method of works review. It reviews the empirical research literature from disparate methodological strands and synthesizes the findings to provide facts on the impact/importance/usefulness of HRAfrom a capital markets perspective. Importance of HRA data has been examined employing assorted research methods encompassing capital markets research, experimentations, face-to-face interviews, content analysis of analyst reports and questionnaire surveys. These studies provide evidence on the usefulness/importance of HRA information. Also, facts from HR disclosure studies on initial public offering prospectuses sheds light on observed significance of kinds of HRA data to the capital market. Though, there is a scope for more research to refine the present understanding of the significance of HRA to the capital market. By studying and fusing the literature, this research provides a significant source of acknowledgement for upcoming researchers and strategy makers who desire to devise guidelines for HR describing to larger encounter the data needs of capital market actors. It additionally highlights upcoming research directions.