Academy of Accounting and Financial Studies Journal (Print ISSN: 1096-3685; Online ISSN: 1528-2635)


The Perception of Investment Analysts on The Decision-Usefulness of Human Capital Disclosures: A South African Context

Author(s): Tankiso Moloi, Michael Adelowotan

The objective of this paper was to examine the perspectives of investment analysts on the significance of Human Capital Disclosures in the Corporate Annual Reports of top South African listed companies when providing investment advice. Using existing literature, a total of 91 Human Capital Disclosure items were developed and this formed the basis of the questionnaire. A total of 63 investment analysts were identified and the questionnaire was sent to them through email. 37 investment analysts responded, giving a response rate of 59%. Obtained results demonstrate that the majority of respondents could not identify a greater proportion of these attributes, although they agreed that these attributes are useful to them. This confirms our proposition that if these attributes are disclosed, it will consequently increase the decision-usefulness of corporate annual reports to investment analysts when providing advice to the potential and current investors (owners of capital).

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