ارائه مدل سنجش کارایی سرمایه گذاری در منابع انسانی (مطالعه موردی: بازار سرمایه ایران)
محورهای موضوعی : حسابداری
رسول مسروری
1
,
عسگر پاک مرام
2
,
احمد محمدی
3
,
غلامرضا رحیمی
4
1 - دانشجوی دکتری گروه حسابداری،واحد بناب،دانشگاه آزاد اسلامی ،بناب، ایران
2 - دانشیار گروه حسابداری، واحد بناب، دانشگاه آزاد اسلامی، بناب، ایران
3 - استادیار گروه حسابداری ، واحد تبریز،دانشگاه آزاد اسلامی ،تبریز، ایران
4 - استادیار گروه حسابداری ، واحد بناب،دانشگاه آزاد اسلامی ،بناب، ایران
کلید واژه: کارایی, بازار, منابع انسانی, سرمایه‌گذاری,
چکیده مقاله :
با توجه به نقش و اهمیت استراتژیک حوزه منابع انسانی در ارزش آفرینی سازمانها در فضای کسب و کار امروزی، سرمایه گذاری در این حوزه از اهمیت ویژه ای برخوردار است. هدف کلی این تحقیق، بررسی عوامل موثر بر کارایی سرمایه‌گذاری در منابع انسانی در بازار سرمایه ایران می باشد. روش تحقیق توصیفی و از نوع پیمایشی بود. جامعه آماری این تحقیق را کلیه شرکت های پذیرفته شده در بورس اوراق بهادار تهران تشکیل می‌دهند. نمونه آماری شامل 155 شرکت می باشد که به روش نمونه گیری در دسترس انتخاب شده است. برای جمع‌آوری داده‌ها از پرسشنامه محقق‌ساخته بر اساس طیف لیکرت استفاده شد. جهت بررسی نرمال بودن داده‌ها از آزمون کولموگروف-اسمیرنوف و برای آزمون فرضیه‌ها از مدل سازی معادلات ساختاری استفاده شد. نتایج نشان داد که کیفیت سود و پایداری مالی، گزارش مسئولیت اجتماعی، تعهد انگیزشی کارکنان، محافظه‌کاری در گزارشگری مالی، جو سازمانی و بهبود محیط کسب و کار بر کارایی سرمایه گذاری در منابع انسانی تأثیر مثبت و معنی‌داری دارند.
Regarding the strategic role and importance of human resources in organizational valuation in modern business space, investment is highly important. Hence, the present study aimed to investigate the effective factors affecting the efficiency of human resources investment in Iranian capital market. This survey study had a descriptive design. The statistical population consisted of all firms listed in Tehran Stock Exchange. The statistical sample included 155 companies recruited through convinience sampling method. A researcher-made questionnaire based on Likert scale was used for collecting the data. Kolmogorov-Smirnov test was used to test the normality of the data and structural equation modeling was employed to test the hypotheses. The results showed that the quality of financial reporting, the quality of profit and financial stability, human capital disclosure, social responsibility reporting, motivational commitment of employees, conservatism in financial reporting, organizational atmosphere and improvement of business environment have a positive and significant effect on the efficiency of investment in human resources.
Ackermann, F., Eden, C. (2011). Strategic Management of Stakeholders: Theory and Practice, Long Range Planning, 44: 179-196.
Aragón JA, García Morales VJ, Cordón Pozo E. (2007). Leadership and organizational learning's role on innovation and performance: lessons from Spain, Industrial Marketing Management, 36(3), 349–359.
Baba Shahi, J., Afkhami Ardakani, M., Golamshahi, E. (2013). The strategic impact of innovative human resource management on organizational entrepreneurship: Explaining the innovation climate, Journal of Management Development, Volume 6, Number 3, 87-1074, (In Persian).
Badavar Nahandi, Y., Khangahzadeh, V. (2014). The Relationship between some corporate governance mechanisms and investment performance in the life cycle of accounting knowledge.Fifth Year, No. 18, 113-134.
Badavar Nahandi, Y.; Taghizadeh Khaneghah, VOLUME (2014). The relationship between some corporate governance mechanisms and investment efficiency in life cycle stages. Journal of Accounting Knowledge, volume 5, Number 18. pp. 113-140.
Bhattacharya, C., Sen, S. (2003). Consumer-Company Identification: A Framework for Understanding Consumers’ Relationships with Companies. Journal of Marketing, 67, 76-88.
Bushman, R and Piotroski, J and Smith, A. (2004). What determines corporate transparency? Journal of accounting Research. Vol. 42, No. 2, 207-252.
Chatna, R. (2012). Exploring the relationship among Trust, Employee satisfaction and Organizational commitment.
Clarkson, Max B. E. (2020). A Stakeholder Framework for Analyzing and Evaluating Corporate Social Performance, The Academy of Management Review, Vol. 20, No. 1, 92-117.
Darabi, R. (2012). The effect of disclosure of intellectual capital components on the quality of financial reporting. Investment Knowledge, VOLUME 1, Number 4. pp.
Fakhari, H.; Rezaei, Y.; Norouzi, M. (2016). The effect of corporate social responsibility disclosure on investment efficiency. Financial Management Strategy Quarterly, volume 4, Number 4. pp. 85-106.
Freeman, R. E. (1984). Strategic management: A stakeholder approach. Boston: Pitman/Ballinger.
Hamidiyan, M., Hajiha, Z., Taghizadeh, N. (2017). The usefulness of voluntary disclosure for investor judgment, Volume 11, No, 40, 137-155.
Huang, Chi-Jui. (2010). Corporate governance, corporate social responsibility and corporate performance. Journal of Management and Organization, 16 (5), 641-655.
Jiao, Y. (2011). Corporate disclosure, market valuation, and firm performance, Financial Management, Vol, 40, 647-676.
Khalipour, M., Kamyabi, Y., Nabavi Chameshi, A. (2019). Financial Accounting and Auditing Research, No. 43, (In Persian).
Kusnetzky, Dan, (2010), Microsoft: market share, growth and market value.http://www. zdnet.com/blog/virtualization/microsoft-market-sharegrowth-And-market-value/1977.
Lynch TR, Hempel RJ, Dunkley, C. (2015). Radically Open-Dialectical Behavior Therapy for Disorders of Over-Control: Signaling Matters. American Journal of Psychotherapy. 2015; 69(2), 141-162.
McNichols, M. (2002). “Discussion of The Quality of accruals and earnings: The Role of accrual estimation errors”. The accounting Review 77 (Supple.), 61-69.
Nazari, H.; Daraei, M. (2017). Investigating the relationship between profitability criteria, expected returns and investment efficiency in companies Listed on Tehran Stock Exchange. Auditing Knowledge, volume 17, Number
Rahimnia, F., Salimi, M. (2015). Fourth National Conference and Second International Conference on Management Accounting, Citizenship Behavior, Factors Influencing It and its Consequences, 151, (In Persian).
Sagafi, A; Arab Mazar Yazdi, M. (2011). Quality of financial reporting and investment inefficiency. Journal of Financial Accounting Research, volume 2, Number 4.
Salehi, M.; Dari, B.; Safari, Kh. (2012). Investigating the mediating role of social interaction in influencing organizational structure and climate on knowledge management (Case study: Automotive industries in Iran). Information Technology Management, volume 4, Number 11. pp. 69-92.
Sarwar Uddin. A, Wali Ullah. G. M., Samiul, A, Ashikur. R. (2016)." An Empirical Study on Corporate Governance and Islamic Bank Performance: A Case Study of Bangladesh". Journal of Finance & Banking Studies 5(4): 103-116.
Scott, W. (2016). Financial accounting theory. Translation: Ali Parsaiyan. Tehran: Termeh Publications.
Shahnaz Mashayekh, Sedigheh Doostian (2014). Comparison of earnings quality characteristics in knowledge based industries with other industries, Accounting & Accounting Research Year 8, No 23, 23- 94, (In Persian).
Sheri Anagir, S., Hasas Yeganeh, Y., Sadidi, M., Narasi, B. (2016). The Relationship between corporate governance and its dimensions with the investment efficiency of companies listed in Tehran Stock Exchange, Quarterly Journal of Experimental Financial Accounting Studies, Volume 13, 1-28, (In Persian).
Striukova, L., Unerman, J. & Guthrie, J.(2008). Corporate reporting of intellectual capital: evidence from UK companies: British Accounting Review. 40, 4, 297-313.
Taqvi Fard, M.; Rezaei Noor, J.; Seif Elahi, M.; Aga Khani, N. (2017). The effect of personal characteristics of employees and organizational climate on organizational performance by considering the mediating role of organizational knowledge creation process (Case study: Paxan Company (Public Joint Stock). Bi-Quarterly Journal of Engineering Management and Soft Computing, volume 3, Number 1. pp. 135-155.
Tarighi, S., Mohamadi, M. (2017). The relationship between personality criteria and audit quality reduction behaviors, Journal of Economics and Business, Year Eight, Issue 15, 89-10, (In Persian).
Velu, C., & Stiles, P. (2013). Managing decision-making and cannibalization for parallel business models. Long Range Planning, 43, 443–458.
Wiliams J, Elson JR. (2010). The challenges and opportunities of incorporating accounting ethics into the accounting curriculum. Journal of Legal, Ethical and Regulatory Issues; 13(1): 105-115.
_||_Ackermann, F., Eden, C. (2011). Strategic Management of Stakeholders: Theory and Practice, Long Range Planning, 44: 179-196.
Aragón JA, García Morales VJ, Cordón Pozo E. (2007). Leadership and organizational learning's role on innovation and performance: lessons from Spain, Industrial Marketing Management, 36(3), 349–359.
Baba Shahi, J., Afkhami Ardakani, M., Golamshahi, E. (2013). The strategic impact of innovative human resource management on organizational entrepreneurship: Explaining the innovation climate, Journal of Management Development, Volume 6, Number 3, 87-1074, (In Persian).
Badavar Nahandi, Y., Khangahzadeh, V. (2014). The Relationship between some corporate governance mechanisms and investment performance in the life cycle of accounting knowledge.Fifth Year, No. 18, 113-134.
Badavar Nahandi, Y.; Taghizadeh Khaneghah, VOLUME (2014). The relationship between some corporate governance mechanisms and investment efficiency in life cycle stages. Journal of Accounting Knowledge, volume 5, Number 18. pp. 113-140.
Bhattacharya, C., Sen, S. (2003). Consumer-Company Identification: A Framework for Understanding Consumers’ Relationships with Companies. Journal of Marketing, 67, 76-88.
Bushman, R and Piotroski, J and Smith, A. (2004). What determines corporate transparency? Journal of accounting Research. Vol. 42, No. 2, 207-252.
Chatna, R. (2012). Exploring the relationship among Trust, Employee satisfaction and Organizational commitment.
Clarkson, Max B. E. (2020). A Stakeholder Framework for Analyzing and Evaluating Corporate Social Performance, The Academy of Management Review, Vol. 20, No. 1, 92-117.
Darabi, R. (2012). The effect of disclosure of intellectual capital components on the quality of financial reporting. Investment Knowledge, VOLUME 1, Number 4. pp.
Fakhari, H.; Rezaei, Y.; Norouzi, M. (2016). The effect of corporate social responsibility disclosure on investment efficiency. Financial Management Strategy Quarterly, volume 4, Number 4. pp. 85-106.
Freeman, R. E. (1984). Strategic management: A stakeholder approach. Boston: Pitman/Ballinger.
Hamidiyan, M., Hajiha, Z., Taghizadeh, N. (2017). The usefulness of voluntary disclosure for investor judgment, Volume 11, No, 40, 137-155.
Huang, Chi-Jui. (2010). Corporate governance, corporate social responsibility and corporate performance. Journal of Management and Organization, 16 (5), 641-655.
Jiao, Y. (2011). Corporate disclosure, market valuation, and firm performance, Financial Management, Vol, 40, 647-676.
Khalipour, M., Kamyabi, Y., Nabavi Chameshi, A. (2019). Financial Accounting and Auditing Research, No. 43, (In Persian).
Kusnetzky, Dan, (2010), Microsoft: market share, growth and market value.http://www. zdnet.com/blog/virtualization/microsoft-market-sharegrowth-And-market-value/1977.
Lynch TR, Hempel RJ, Dunkley, C. (2015). Radically Open-Dialectical Behavior Therapy for Disorders of Over-Control: Signaling Matters. American Journal of Psychotherapy. 2015; 69(2), 141-162.
McNichols, M. (2002). “Discussion of The Quality of accruals and earnings: The Role of accrual estimation errors”. The accounting Review 77 (Supple.), 61-69.
Nazari, H.; Daraei, M. (2017). Investigating the relationship between profitability criteria, expected returns and investment efficiency in companies Listed on Tehran Stock Exchange. Auditing Knowledge, volume 17, Number
Rahimnia, F., Salimi, M. (2015). Fourth National Conference and Second International Conference on Management Accounting, Citizenship Behavior, Factors Influencing It and its Consequences, 151, (In Persian).
Sagafi, A; Arab Mazar Yazdi, M. (2011). Quality of financial reporting and investment inefficiency. Journal of Financial Accounting Research, volume 2, Number 4.
Salehi, M.; Dari, B.; Safari, Kh. (2012). Investigating the mediating role of social interaction in influencing organizational structure and climate on knowledge management (Case study: Automotive industries in Iran). Information Technology Management, volume 4, Number 11. pp. 69-92.
Sarwar Uddin. A, Wali Ullah. G. M., Samiul, A, Ashikur. R. (2016)." An Empirical Study on Corporate Governance and Islamic Bank Performance: A Case Study of Bangladesh". Journal of Finance & Banking Studies 5(4): 103-116.
Scott, W. (2016). Financial accounting theory. Translation: Ali Parsaiyan. Tehran: Termeh Publications.
Shahnaz Mashayekh, Sedigheh Doostian (2014). Comparison of earnings quality characteristics in knowledge based industries with other industries, Accounting & Accounting Research Year 8, No 23, 23- 94, (In Persian).
Sheri Anagir, S., Hasas Yeganeh, Y., Sadidi, M., Narasi, B. (2016). The Relationship between corporate governance and its dimensions with the investment efficiency of companies listed in Tehran Stock Exchange, Quarterly Journal of Experimental Financial Accounting Studies, Volume 13, 1-28, (In Persian).
Striukova, L., Unerman, J. & Guthrie, J.(2008). Corporate reporting of intellectual capital: evidence from UK companies: British Accounting Review. 40, 4, 297-313.
Taqvi Fard, M.; Rezaei Noor, J.; Seif Elahi, M.; Aga Khani, N. (2017). The effect of personal characteristics of employees and organizational climate on organizational performance by considering the mediating role of organizational knowledge creation process (Case study: Paxan Company (Public Joint Stock). Bi-Quarterly Journal of Engineering Management and Soft Computing, volume 3, Number 1. pp. 135-155.
Tarighi, S., Mohamadi, M. (2017). The relationship between personality criteria and audit quality reduction behaviors, Journal of Economics and Business, Year Eight, Issue 15, 89-10, (In Persian).
Velu, C., & Stiles, P. (2013). Managing decision-making and cannibalization for parallel business models. Long Range Planning, 43, 443–458.
Wiliams J, Elson JR. (2010). The challenges and opportunities of incorporating accounting ethics into the accounting curriculum. Journal of Legal, Ethical and Regulatory Issues; 13(1): 105-115.