Human capital mobility and corporate management cost

Jiawei Shi

Finance Research Letters, 2025, vol. 82, issue C

Abstract: Using data from Chinese firms spanning 2016 and 2022, this study investigates the impact of human capital mobility on corporate management costs. Results indicate that increased mobility lowers management costs by enhancing top management team dynamism and diversity. Heterogeneity analysis reveals that this effect is significant in privately owned and labor-intensive firms but minimal in state-owned and nonlabor-intensive ones. The findings contribute to regional economics and corporate strategy literature, offering valuable insights for firms and policymakers.

Keywords: Regional human capital mobility; Corporate management cost; Top management team diversity; Top management team dynamism (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:82:y:2025:i:c:s1544612325008566

DOI: 10.1016/j.frl.2025.107597

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