The Moderating Effects of Competitive Forces on the Relationship between Human Resource Efficiency and Human Resource Voluntary Disclosure

  • Wipawee Srika
Keywords: Human resource efficiency, Voluntary disclosure, Competitive forces


The purposes of this research are to investigate the relationship between human resource efficiency and human resource voluntary disclosure and to examine the moderating effects of competitive forces on the relationship. Human resource efficiency consists of human efficiency in profitability, productivity and market value. The sample size is 90 firm-years in technology industry group listed on the Stock Exchange of Thailand. The results of ordinary least squares (OLS) revealed that human resource efficiency in market value was positively related to human resource voluntary disclosure but competitive forces effects were weakened.  In addition, competitive force effects on the relationship between human resource efficiency in productivity and voluntary disclosure were weakened. Nevertheless, competitive forces on relationship between human efficiency in profitability and voluntary disclosure were strengthened.


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