Advancing the Human Capital Perspective on Value Creation by Joining Capabilities and Governance Approaches

Joseph T. Mahoney and Yasmine Kor
Additional contact information
Joseph T. Mahoney: University of IL
Yasmine Kor: University of SC

Working Papers from University of Illinois at Urbana-Champaign, College of Business

Abstract: This paper elaborates on how the human capital perspective on value creation can be advanced by joining the capabilities and governance approaches. Investments in firm-specific human capital can be an important pathway to building and enhancing a firm's core competencies. Thus, it is vital to build mechanisms and systems that encourage the development and safeguarding of these human capital-based capabilities. Our paper unpacks the notion of firm-specific human capital and presents a view on why this form of human capital especially matters in today's business context. We review pitfalls and shortcomings of a traditional shareholder model and its likely impacts on investments in firm-specific human capital. Finally, we discuss mechanisms by which the firm-specific human capital development process can be stimulated and protected.

Date: 2014
New Economics Papers: this item is included in nep-bec, nep-cse, nep-hrm and nep-ppm
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.business.illinois.edu/Working_Papers/Abstract.asp?PaperID=14-0101
Our link check indicates that this URL is bad, the error code is: 404 Not Found (https://www.business.illinois.edu/Working_Papers/Abstract.asp?PaperID=14-0101 [301 Moved Permanently]--> https://giesbusiness.illinois.edu/Working_Papers/Abstract.asp?PaperID=14-0101)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ecl:illbus:14-0101

Access Statistics for this paper

More papers in Working Papers from University of Illinois at Urbana-Champaign, College of Business Contact information at EDIRC.
Bibliographic data for series maintained by ().