Universal Journal of Accounting and Finance Vol. 9(3), pp. 306 - 315
DOI: 10.13189/ujaf.2021.090304
Reprint (PDF) (255Kb)


Practices of Human Resource Accounting Disclosure: A Comparative Study across ASEAN Countries


Wiyadi 1,*, Sayekti Endah Retno Meilani 2, Imanda Firmantyas Putri Pertiwi 2, Rina Trisnawati 1, Nor Hazana Abdullah 3
1 Faculty of Economic and Business, Universitas Muhammadiyah Surakarta, Indonesia
2 Faculty of Economic and Islamic Business, Institut Agama Islam Negeri (IAIN) Surakarta, Indonesia
3 Faculty of Technology Management and Business, Universiti Tun Hussein Onn Malaysia, Malaysia

ABSTRACT

Disclosure of human resource accounting is an important facet of sound corporate governance to ensure organizational sustainability. However, practices of human resource accounting disclosure (HRAD) have not been made mandatory among Asian countries and therefore to what extend the companies have reported their human resource accounting is not evident. This study aimed to describe HRAD practices among top ranked companies based on ASEAN Corporate Governance Scorecard which include Indonesia, Malaysia, Vietnam, Philippines, Thailand and Singapore. Assessment of HRAD practices was done based on sixteen criteria based on previous studies. A total of 195 companies were assessed based on their annual reports in year 2014 and 2015. The study found that Indonesia has the highest HRAD practices (71%), followed by Thailand (66%), Vietnam (65%), Malaysia (59%), Singapore (43%) and Philippines (40%). It is also found that separate HRAD is almost non-existent except a few companies in Philippines and Malaysia. This indicates that HRAD practices need to be institutionalized for better governance in Asean countries.

KEYWORDS
Human Resource Accounting Disclosure (HRAD), ASEAN Countries, HRM Practices

Cite This Paper in IEEE or APA Citation Styles
(a). IEEE Format:
[1] Wiyadi , Sayekti Endah Retno Meilani , Imanda Firmantyas Putri Pertiwi , Rina Trisnawati , Nor Hazana Abdullah , "Practices of Human Resource Accounting Disclosure: A Comparative Study across ASEAN Countries," Universal Journal of Accounting and Finance, Vol. 9, No. 3, pp. 306 - 315, 2021. DOI: 10.13189/ujaf.2021.090304.

(b). APA Format:
Wiyadi , Sayekti Endah Retno Meilani , Imanda Firmantyas Putri Pertiwi , Rina Trisnawati , Nor Hazana Abdullah (2021). Practices of Human Resource Accounting Disclosure: A Comparative Study across ASEAN Countries. Universal Journal of Accounting and Finance, 9(3), 306 - 315. DOI: 10.13189/ujaf.2021.090304.