The Impact of Human Capital on a Company's Value: A Cross - Cultural Study

Amjad S. Al-Delawi (1) , Manaf Raewf (2) , Alaa S.Jameel (3)
(1) Department of Human Resource Management, Cihan University-Erbil, Kurdistan Region, Iraq , Iraq
(2) Department of Human Resource Management, College of Administrative and Financial Sciences, Cihan University–Erbil, Kurdistan Region , Iraq
(3) Department of Public Administration, College of Administrative and Financial Sciences, Cihan University–Erbil, Kurdistan Region, Iraq , Iraq

Abstract

Human resource culture is the only attempt to determine the cost and value of the company's HR in  terms   of   expenditures   incurred  through   employment,   social welfare   culture, communication,   training, development, and compensation. This study aims to look into the impact of human capital on a company's value. Using a purposive sampling method, both market capitalization and total assets were used to determine the value of the company; 40 companies from the Iraq Stock Exchange were chosen for research in 2018. We used a multiple regression model. Employee compensation has no significant impact on market capitalization, according to the findings of this study, whereas employee care and training expenses and profits have a positive and significant impact  on market  capitalization.  Employee  compensation  has a significant and  negative  effect  on  total  assets, according to the study, whereas employee care and training expenses and post tax profits have a moral and positive  effect on total assets.

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Authors

Amjad S. Al-Delawi
Manaf Raewf
manaf.basil@cihanuniversity.edu.iq (Primary Contact)
Alaa S.Jameel
Author Biographies

Amjad S. Al-Delawi, Department of Human Resource Management, Cihan University-Erbil, Kurdistan Region, Iraq

Dr. Amjad S. Al-Delawi, President of Cihan University-Erbil and a Professor in the Department of Accounting, Faculty of Administration and Financial Sciences, Cihan University-Erbil. His research interest is Accounting, Banking and Financial Sciences, and Investment.

Manaf Raewf, Department of Human Resource Management, College of Administrative and Financial Sciences, Cihan University–Erbil, Kurdistan Region

Manaf Basil Raewf is a Lecturer in the Department of Human Resource Management, Faculty of Administration and Financial Sciences, Cihan University-Erbil. His research interest is Finance Studies, Human Resources, and Marketing.

Al-Delawi, A. S., Raewf, M., & Jameel, A. (2023). The Impact of Human Capital on a Company’s Value: A Cross - Cultural Study. Journal of Intercultural Communication, 23(1), 24–32. https://doi.org/10.36923/jicc.v23i1.53

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