Research on the Performance of Human Capital at Different Organizational Levels of Pharmaceutical Corporations: Moderation of Informal Relational Capital

Shenglei Pi, Kuei-Feng Chang and I-Tung Shih
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Shenglei Pi: Guangzhou Higher Education Mega Center, Department of Strategies and Innovation, School of Management, Guangzhou University, 230 Wai Huan Xi Road, Guangzhou 510006, China
Kuei-Feng Chang: Guangzhou Higher Education Mega Center, Department of Marketing Management, School of Management, Guangzhou University, 230 Wai Huan Xi Road, Guangzhou 510006, China
I-Tung Shih: Department of Business Administration, Chaoyang University of Technology, 168 Jifeng E. Rd., Wufeng District, Taichung 413310, Taiwan

IJERPH, 2021, vol. 18, issue 15, 1-16

Abstract: As intellectual capital is considered an important strategic resource in knowledge-intensive industries, such as the health and pharmaceutical industries, scholars have developed a deeper understanding of the human capital at different levels of organizations and its interaction with relational capital from informal institutional stakeholders. This study focused on the role of human capital at different levels of pharmaceutical corporations and the orchestration of human capital at different levels with informal relational capital. By using data regarding Chinese pharmaceutical listed companies from 2001 to 2017, this study found that (1) human capital at the employee level exerted an inverted U-shaped effect on a pharmaceutical firm’s performance, which was negatively moderated by informal institutional relational capital, and (2) based on the upper echelons theory, human capital at the executive level had a monotonic positive impact on a pharmaceutical firm’s performance but was negatively moderated by informal relational capital. We found two arrangements that facilitate the orchestration of intellectual capital components to gain optimal distinctiveness and performance.

Keywords: human capital in different levels; intellectual capital; informal relational capital; resources allocation (search for similar items in EconPapers)
JEL-codes: I I1 I3 Q Q5 (search for similar items in EconPapers)
Date: 2021
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