Importance of non-cognitive factors for human capital development and innovation

Jasmina Misheva

Economic Thought journal, 2023, issue 1, 89-112

Abstract: This study analyzes the non-cognitive factors of human capital development and their impact on innovation as an organizational created value. Hypotheses are presented on the direct, positive influence of six behavioral and psychological factors on innovation. A quantitative method was used to analyze the data collected through a survey, including 204 respondents working in the IT field in Bulgaria and other countries. The results of the proposed regression model show a statistically significant relationship between non-cognitive influence factors and innovation, revealing the importance and need to consider these elements when measuring, analyzing, and investing in human capital. This research provides a clear direction for further analysis of the importance of non-cognitive factors for human capital value creation and can be of practical use to organizations in their human capital development strategies and planning.

JEL-codes: E24 J24 O15 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:bas:econth:y:2023:i:1:p:89-112

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