Investigating the Impact of Competition in the Product Market Using the Herfindahl-Hirschman Index on the Efficiency of Investing in Human Resources in Companies Listed on the Tehran Stock Exchange
Subject Areas : Journal of Capital Market Analysis
Hamid Reza
Mohammadi
1
(Faculty member, Department of Accounting, Zahedan Branch, Islamic Azad)
Atefeh
Abbasi
2
(M.Sc, Accounting, Islamic Azad University, Zahedan, Iran)
Keywords: Investment Efficiency, product market competition, Herfindahl-Hirschman Index, human resources capital,
Abstract :
Nowadays, Daneshgar human resources are considered as the most important ability of the organization to gain a competitive advantage and also the main intangible asset, and the organization believes that employees should be the basis for improving the quality and efficiency of all organizational processes The purpose of this study is to investigate the effect of competition in the product market using Herfindahl-Hirschman index on the efficiency of investment in human resources in companies listed on the Tehran Stock Exchange. The research data has been prepared using the library-documentation method and the statistical population of this research is the companies listed on the Tehran Stock Exchange during the period 1393 to 1398. Sampling was done by systematic elimination method and 124 companies were selected as a sample. This research is random, correlation and post-event. Multivariate regression technique using panel data method has been used to test the hypotheses. The findings showed that there is a significant inverse relationship between competition in the product market using the Herfindahl-Hirschman index and the efficiency of investment in human resources.
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