The influence of management capital on enterprise performance

Andrej Bertoncelj and Darko Kovac

International Journal of Management and Enterprise Development, 2008, vol. 5, issue 4, 444-461

Abstract: Human capital is becoming more important than economic capital in today's knowledge society. Presented in this study is a financial yardstick for measuring management capital efficiency and human value added, as well as its practical implementation on a research sample of 154 managers in Slovene small and medium enterprises. This study suggests that Slovene managers are not prone to risk taking and dealing with unknowns; moreover, they are neither sufficiently flexible nor intuitive. Study provides a framework for investigation of the role and value add of management.

Keywords: management capital; human value added; Kolbe method; conative competency; corporate performance; innate action mode; small and medium-sized enterprises; SMEs; Slovenia; human captial. (search for similar items in EconPapers)
Date: 2008
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