The Impact of Human Resource Expenses on Business Value: Focus on Welfare and Training Expenses in Listed Korean Stock Markets

Geejung, Kwon

doi:10.1177/0972150917721798

Cited by 4 publications

(7 citation statements)

References 23 publications

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“…Based on empirical evidence, HR investment does not have significant influence on firm value. The result of this study is not the same as prior research (García-Zambrano et al, 2018;Holland, 2017;Joh & Jung, 2016;Kwon, 2011Kwon, , 2017) that shows the significant and positive influence of HR investment on firm value.…”

Section: Methodscontrasting

confidence: 97%

“…HRI coefficient value of 0,0000254 shows that HRI has a positive This study provides new findings related to the relationship between HR investment and firm value. Prior studies found evidence that companies try to increase their value by increasing the HR quality (García-Zambrano et al, 2018;Holland, 2017;Joh & Jung, 2016;Kwon, 2011Kwon, , 2017. According to Human Capital Theory by Becker (1975), high quality HR will increase a firm's productivity that leads to an escalation in a firm's performance.…”

Section: Methodsmentioning

confidence: 99%

“…Various studies have been conducted to prove the relationship between HR investment and firm value. Human Resource investment positively influences productivity (Holland, 2017;Roca-Puig et al, 2018), profitability (Roca-Puig et al, 2018), and firm value (García-Zambrano et al, 2018;Holland, 2017;Joh & Jung, 2016;Kwon, 2011Kwon, , 2017Massingham & Tam, 2015). Even though it's hard to measure stock market capabilities in recognizing HR quality, several previous types of research show that an effective HR investment signal points to positive stock price reaction (García-Zambrano et al, 2018;Kwon, 2017; Table 1.…”

Section: Hypothesis Developmentmentioning

confidence: 99%

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Impact of Human Resource Investment on Firm Value

Linggardjaja

Isnalita

2020

JAB

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This study attempts to investigate the effect of Human Resource (HR) investment that has been done by a firm. Human resource investment became the main focus of this research because HR is one of the key factors of a firm's success. However, a great HR investment costs a lot of money that not every firm is willing to take risks. The objective of this study is to find out whether HR investment, in the form of training and education, create value for the firm. Tobin's Q is used as a firm value proxy. This study uses multiple linear regression method for hypothesis testing and use probability sampling method with simple random sampling technique on non-finance companies listed in Indonesian Stock Exchange between [2013][2014][2015][2016][2017]. Final sample of this study is 540 firm-years. The result of this study does not support the initial proposition: HR investment does not have significant impact in creating values for companies.

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Section: Methodscontrasting

confidence: 97%

Section: Methodsmentioning

confidence: 99%

Section: Hypothesis Developmentmentioning

confidence: 99%

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Impact of Human Resource Investment on Firm Value

Linggardjaja

Isnalita

2020

JAB

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“…Kwon [14] presents the results of empirical research that book value of equity, expense education and training, and welfare costs have a positive relationship with enterprise value, while accounting earnings have a significant negative impact on enterprise value. Ho et al [11] suggested that intensive investment in advertising contributed positively to the performance of one year with shares of non-invoicing companies.…”

Section: Introductionmentioning

confidence: 99%

The Relation of Capitalized or Expensed of Intangible Expenditures to Firm Value

Dermawan¹

2021

Advances in Social Science, Education and Humanities Research

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Some expenditures that have an impact on the expectation of future benefits are often treated differently because the point of view is the possibility of uncertain future benefits. If it is uncertain will be expensed, while what is likely to come from the acquisition of external parties is capitalized as an asset. This difference treatment inspired the research to see its impact on corporate value in investor point of view. Testing this research with SPSS version 20 is based on timeseries data on LQ45 companies listed on the IDX in 2013-2017. Referring to signaling theory, the results of this study find there is a relation of negative and non-significant intangible assets to firm value, there is a relation of positive and significant research and development expenses on firm value, there is a relation of negative and insignificant employee training expenses to firm value, and there is a relation of positive and not significant advertising expenses to firm value.

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“…Also in the paper Marketing and Management of Innovations, 2020, Issue 3 321 http://mmi.fem.sumdu.edu.ua/en the main determinants of the human resource accounting were defined: rationality and multidisciplinary problemsolving approaches which characterise management science was applied to human resource accounting and economic and social factors of the 1960s. The newest article (Kwon, 2019) investigates how investment in developing human capital can help promote corporate value. The empirical results of the article show that the book value of equity, education and training expenses and welfare costs has positive relationships with enterprise value.…”

mentioning

confidence: 99%

Innovative Approaches in the Accounting and Audit of the Book Value of Assets: Bibliometric Analysis

Ismayilov

2020

MMI

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The paper deals with the analysis on the innovative approaches in the accounting and audit of the book value of assets. The results of analyses proved that of the book value of assets in the accounting and audit, especially in the context of financial crises, implementation of the new or modified standard of accounting and reporting becomes an important part of the issues. Herewith, financial and management decision, which compare book and market value, trying to predict the future (fair) value of assets or even a company (firm). The main goal of the paper is analysed of the tendency in the scientific literature on the accounting and audit of the book value of assets to identify future research directions. For the analysis, the VOSviewer and Scopus tools were used. This study reviews 714 papers from the Scopus database. The time for analysis was all timeline of the Scopus database. The results showed the growing tendency in publishing the documents in the Scopus database focused on the accounting and audit of the book value of assets issues. It began to increase from 1997 to 1999, from 2007 to 2009, and from 2014 to 2017. Moreover, the focus of investigation moved from general issues to problem of the fair value of assets, implementation of modifying standards of reporting and accounting. In 2018, the number of documents increased by 1225% compared to 1997. It was the year with the biggest number of paper devoted to analysing the innovative approaches in the accounting and audit of the book value of assets. Mostly the innovative approaches in the accounting and audit of the book value of assets were analysed under the subject area as follows: Business, Management and Accounting; Economics, Econometrics and Finance; Social Sciences; Engineering. Besides, the biggest share of the scientists which investigated issues the innovative approaches in the accounting and audit of the book value of assets was from the USA, United Kingdom, Australia and China. In 2019 papers focused on analyses of the innovative approaches in the accounting and audit of the book value of assets were published in journals with high impact factor as follows: Contemporary Accounting Research, Accounting Review, International Journal of Accounting, Managerial Finance,Accounting And Business Research. Such results proved that theme on the innovative approaches in the accounting and audit of the book value of assets is actually in the ongoing trends of the modern accounting, finance, management and audit. The findings from VOSviewer identified 6 clusters of the papers which investigated innovative approaches in the accounting and audit of the book value of assets from the different points of views. The first most significant cluster merged the keywords as follows: accounting information, fair value, financial reporting, fair value accounting, firm value, intangible assets, intellectual capital etc. The second biggest cluster merged the keywords as follows: costs, cost accounting, accounting method, assets value, assets valuation, depreciation, cost-benefit analyse, balance sheet etc. The third biggest cluster focused on criminal aspects of value relevance, book value, the book value of equity, equity valuation, earnings, dividend etc. Such tendency allows making a conclusion, financial and management decision, which compare book and market value, trying to predict future (fair) value of assets or even a company (firm) are very close and popular in different issues. Keywords book value, asset value, accounting, financial accounting, audit, innovative approaches.

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The Impact of Human Resource Expenses on Business Value: Focus on Welfare and Training Expenses in Listed Korean Stock Markets

Cited by 4 publications

References 23 publications

Impact of Human Resource Investment on Firm Value

Impact of Human Resource Investment on Firm Value

The Relation of Capitalized or Expensed of Intangible Expenditures to Firm Value

Innovative Approaches in the Accounting and Audit of the Book Value of Assets: Bibliometric Analysis

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