Exploratory analysis of voluntary reporting on human resources in the Czech Republic

Our paper strives to analyse quantity and content of voluntary disclosures relating to human resources within annual reports of the largest corporations domiciled in the Czech Republic. In this context, we distinguish disclosures on social responsibility (which are interesting especially for stakeholders like employees and unions) and disclosures related to human capital (which are interesting especially for shareholders). Joined analyses of these two intertwined areas are infrequent because scholars usually aim their attention either on social responsibility reporting or human capital reporting. Our paper uncovers characteristics of reporting on both social and human capital aspects of human resources in the Czech Republic and thus addresses the research gap. Specifically, we quantify the amount of voluntary disclosure on human resources in annual reports of the 50 Czech largest corporations. We found that in analysed annual reports, voluntary disclosure on human resources relates primarily to social information.