Review2011

Does human capital matter? A meta-analysis of the relationship between human capital and firm performance.

T. Russell Crook · Samuel Y. Todd · James G. Combs · David J. Woehr · David J. Ketchen

1,211 citations0/0 files storedJournal of Applied Psychology

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Intellectual Capital and Performance Analysis Human Resource and Talent Management Human Resource Development and Performance Evaluation

Abstract

Theory at both the micro and macro level predicts that investments in superior human capital generate better firm-level performance. However, human capital takes time and money to develop or acquire, which potentially offsets its positive benefits. Indeed, extant tests appear equivocal regarding its impact. To clarify what is known, we meta-analyzed effects drawn from 66 studies of the human capital-firm performance relationship and investigated 3 moderators suggested by resource-based theory. We found that human capital relates strongly to performance, especially when the human capital in question is not readily tradable in labor markets and when researchers use operational performance measures that are not subject to profit appropriation. Our results suggest that managers should invest in programs that increase and retain firm-specific human capital.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 1,211 citations exist upstream.

References

2004Firm resources and sustained competitive advantage 1990Absorptive Capacity: A New Perspective on Learning and Innovation 1995The Theory of the Growth of the Firm 1992Knowledge of the Firm, Combinative Capabilities, and the Replication of Technology 1993The cornerstones of competitive advantage: A resource‐based view 1984Upper Echelons: The Organization as a Reflection of Its Top Managers 1991The Resource-Based Theory of Competitive Advantage: Implications for Strategy Formulation 1995THE IMPACT OF HUMAN RESOURCE MANAGEMENT PRACTICES ON TURNOVER, PRODUCTIVITY, AND CORPORATE FINANCIAL PERFORMANCE.

Cited by

2017Performance appraisal and performance management: 100 years of progress?2013Human Capital Is Dead; Long Live Human Capital Resources!2014Learning in the Twenty-First-Century Workplace 2015Do CEOs Matter to Firm Strategic Actions and Firm Performance? A Meta‐Analytic Investigation Based on Upper Echelons Theory 2017Strategic human resource management, human capital and competitive advantage: is the field going in circles?

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.