Shareholders and Stakeholder: Human Capital and Industry Equilibrium

Marcus Miller, R. Ippolito and Lei Zhang (lei.zhang.cz63@googlemail.com)

The Warwick Economics Research Paper Series (TWERPS) from University of Warwick, Department of Economics

Abstract: Producing high technology output and supplying sophisticated services often involves costly investment in industry specific skills. But the threat of poaching means that it is the individual "stakeholder", not the firm, who must bear the cost. We investigate various mechanisms for funding human capital investment in an industry equilibrium framework where capital market imperfections would (in the absence of intervention) result in underinvestment.

Keywords: HUMAN CAPITAL; INDUSTRY; INVESTMENTS (search for similar items in EconPapers)
JEL-codes: D23 D24 L2 (search for similar items in EconPapers)
Pages: 22 pages
Date: 1997
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Citations: View citations in EconPapers (1)

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https://warwick.ac.uk/fac/soc/economics/research/w ... 95-1998/twerp481.pdf

Related works:
Journal Article: Shareholders and Stakeholders: Human Capital and Industry Equilibrium (1998)
Working Paper: SHAREHOLDERS AND STAKEHOLDERS: HUMAN CAPITAL AND INDUSTRY EQUILIBRIUM (1997)
Working Paper: Shareholders and Stakeholders: Human Capital and Industry Equilibrium (1997)
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Persistent link: https://EconPapers.repec.org/RePEc:wrk:warwec:481

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