Purpose – The purpose of this paper is to investigate if human capital information voluntarily provided by German companies is value‐relevant. Design/methodology/approach – By means of word‐based content analysis, human capital information is extracted from German companies’ annual...

Purpose – The purpose of this paper is to examine whether narrative corporate social responsibility (CSR) disclosures (the provision of textual information on companies’ environmental and social performance to external stakeholders) are associated with firm value in Germany....