Unveiling the Value of Happiness: Why Reporting on Corporate Investments in Employee Happiness Matters
幸福の価値を明らかにする：従業員の幸福に関する企業投資の報告が重要な理由 (AI 翻訳)
Shay Tsaban, T. Shavit
🤖 gxceed AI 要約
日本語
本稿は、従業員の幸福への投資の報告が資本市場の情報非対称性を低減する重要性を論じる概念フレームワークを提供する。現行の国際会計基準（IAS38）では従業員幸福投資を即時費用処理しており、財務諸表で戦略的資源配分が不明瞭になる問題を指摘。標準化された開示改革を提言し、持続可能な企業慣行と投資家の意思決定向上を目指す。
English
This conceptual paper argues that transparent reporting on employee happiness investments reduces information asymmetry in capital markets. It critiques current accounting standards (IAS 38) that require immediate expensing, obscuring strategic resource allocation. The paper proposes standardized disclosure reforms to enhance investor decision-making and encourage sustainable corporate practices.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本ではSSBJがサステナビリティ開示基準を策定中であり、環境だけでなく社会側面（人的資本・従業員幸福）の報告が注目される。本稿は、従業員関連投資の非財務情報開示の理論的根拠を提供し、日本の開示実務に示唆を与える。
In the global GX context
Globally, this paper adds to the growing discourse on ESG disclosure beyond environmental topics, focusing on social factors (employee well-being). It aligns with frameworks like SASB and GRI, and addresses information asymmetry that matters for investors and regulators under ISSB and CSRD.
👥 読者別の含意
🔬研究者:Provides a conceptual link between employee happiness investments and capital market efficiency, warranting further empirical research.
🏢実務担当者:Offers rationale for voluntarily disclosing employee happiness metrics to improve investor relations and signal long-term value.
🏛政策担当者:Supports the case for mandatory disclosure standards on social investments within ESG frameworks.
📄 Abstract（原文）
This conceptual framework paper critically evaluates the economic, regulatory, and accounting significance of transparent reporting on investments in employee happiness, emphasizing its potential to reduce information asymmetry in capital markets. We define employee-happiness investments as deliberate organisational expenditures and management practices designed to enhance employees’ overall life satisfaction. Information asymmetry, a condition that occurs when managers possess better information than investors, poses substantial risks including market inefficiencies, misallocation of capital, and increased costs of capital. Empirical evidence consistently illustrates that employee happiness is positively correlated with enhanced firm productivity, lower risk, and improved financial performance. Despite these clear linkages, current international accounting and regulatory frameworks do not adequately capture investments in employee happiness, with International Accounting Standard 38 mandating immediate expensing rather than balance sheet recognition due to identifiability and control constraints. This treatment could exacerbate informational disparities and may potentially hinder effective investor decision-making by obscuring strategic resource allocation patterns within aggregated expense line items. Drawing on recent studies and real-world financial outcomes, the paper argues for complementary disclosure reforms mandating standardized reporting of employee-happiness investments and outcomes as a crucial step toward more informed market assessments and sustainable corporate practices.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.3390/world7050077first seen 2026-05-15 19:08:24 · last seen 2026-05-25 05:02:42
🔔 こうした論文の新着を逃したくない方は キーワードアラート に登録（無料・3キーワードまで）。
gxceed は公開メタデータに基づく研究支援データセットです。要約・翻訳・解説は AI 支援で生成されています。 最終的な解釈・検証は利用者が原典資料に基づいて行うことを前提とします。