Arif, Salman; Yoon, Yeo Sang (Johnny); Zhang, Haiwen (Helen) - 2022
This paper provides evidence on the information content of newly mandated qualitative Human Capital Disclosure (HCD) to equity and bond investors. We hand-collect and code the HCD of 1,636 firms from their 10-K filings based on the first year of the mandatory disclosure requirement. We first...