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DIRECT AND MODERATING EFFECTS OF HUMAN CAPITAL ON STRATEGY AND PERFORMANCE IN PROFESSIONAL SERVICE FIRMS: A RESOURCE-BASED PERSPECTIVE.
Academy of Management Journal · 2001 · Vol. 44(1) · pp. 13–28
Michael A. Hitt✉(Arizona State University)L. Biermant(Texas A&M University)Katsuhiko Shimizu(The University of Texas at San Antonio)Rahul Kochhar(Purdue University Northwest)
Abstract
The current study examines the direct and moderating effects of human capital on professional service firm performance. The results show that human capital exhibits a curvilinear (U-shaped) effect and the leveraging of human capital a positive effect on performance. Furthermore, the results show that human capital moderates the relationship between strategy and firm performance, thereby supporting a resource-strategy contingency fit. The results contribute to knowledge on the resource-based view of the firm and the strategic importance of human capital.
Corporate Finance and GovernanceIntellectual Capital and Performance AnalysisInnovation and Knowledge ManagementPerspective (graphical)BusinessService (business)Resource-based viewHuman resource managementResource (disambiguation)MarketingHuman capitalKnowledge managementIndustrial organization
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