International Science Community Association Research Journal of Recent Sciences 2277 - 2502 3 11 2014 November 2 Effect of Human Resource Value on Firms’ Stock Price and Financial Performance in Context of Listed Manufacturing Companies in India 63 69 EN Amanati Sahar 1 Business Management Department, Allameh Tabataba'i University, Tehran, IRAN yazdandoust Majid 1 Department of Civil Eng., Tarbiat Modares University, Tehran- 14115-111, IRAN panah Alikomak 2 Department of Civil Engineering, Parsian University, Qazvin- 14115-111, IRAN Reza Sadeghzadegan 3 Khorasani Homa 1 Faculty of Psychology, Roudehen Branch, Islamic Azad University, Roudehen, IRAN Hayedeh Saberi 2 Bagheri Nasrin 3 Beigloo Leila 1 East Azarbaijan Science and Research Branch, Islamic Azad University,Tabriz, IRAN Bohloli Nader 2 Department of Management, Bonab Branch, Islamic Azad University, Bonab, IRAN Vahedi Majid 3 Department of Management, Payam Noor University, PO BOX 19395-4697 Tehran, IRAN Abid Muhammad 1 GIFT University Gujranwala, PAKISTAN Rehman MohsinAbdul 2 Sajjad HassanyPazoky 1 Department of Geomatics, Faculty of Engineering, University of Tehran, Tehran, IRAN Mohammad Saadatseresht 2 Chehreghan Alireza 3 Michalovic Roman 1 Faculty of Special Engineering, 897, Rosina, SLOVAKIA Mikomix 2 Družinská 3 M.N. Hafiza 1 School of Fundamental Science, Universiti Malaysia Terengganu, 21030 Kuala Terengganu,Terengganu, MALAYSIA Isa M.I.N. 2 Center of Corporate Communication and Image Development, Universiti Malaysia Terengganu, 21030 Kuala Terengganu,Terengganu, MALAYSIA N.V. Biradar 1 Department of Zoology, Karnatak Science College, Dharwad, Karnataka, INDIA Sindagi AmbarishS. 2 Department of Microbiology, Karnatak Science College, Dharwad, Karnataka, INDIA Bellad A.S 3 Department of Botany, St. Joseph’s Post Graduate and Research Centre, Bangalore, Karnataka, INDIA Reddy Jayarama 4 Department of life sciences, Jain University, Bangalore, Karnataka, INDIA Navalur Ravi 5 Department of Microbiology, Karnatak University, Dharwad, Karnataka, INDIA Naykar Shivaraj 6 Department of Microbiology, University of Gondar, ETHIOPIA MathewsP. Raj 7 Sadashiv S.O 8 Chandrashekhar Unakal 9 Khadijeh KhodabakhshiParijan 1 DOS in B.N. Bahadur Institute of Management Sciences, Manasagangotri, University of Mysore, Mysore, Karnataka, INDIA Naderian Arash 2 Department of Accounting, Aliabad Katoul Branch, Islamic Azad University, Aliabad Katoul, IRAN > Research Paper 2013 12 5 2014 November 2 The lack of quantification and disclosure of human assets in domestic and international financial reports may impact stock price.The aim of this study is to analyze empirically the relation between the value of human resource and firms’ stock price and financial performance.The data used in the study has been collected from the annual reports of eight selected Manufacturing companies listed in BSE-500 Index for the years 2005-06 to 2011-12. This study is limited to 8 manufacturing organizations, and it indicates that the human asset has not impact on the stock price of selected manufacturing organization. This research also indicates that the human value is positively and negatively affected by the financial performance of the companies; therefore there is a statistically significant relationship between human capital efficiency and firms’ financial performance.From a careful examination of correlation results on firm financial performance and HRV the conclusion derives is that the return on asset as a profitability ratio does not have effect on Human value and current ratio and acid ratio as liquidity ratios have negative relationship with Human value and two financial variables which have positive relationship with human resource value are sales revenue and net income. Copyright@ International Science Community Association