This paper elaborates on how the human capital perspective on value creation can be advanced by joining the capabilities and governance approaches. Investments in firm-specific human capital can be an important pathway to building and enhancing a firm’s core competencies. Thus, it is vital to build mechanisms and systems that encourage the development and safeguarding of these human capital-bas...

Empirical evidence suggests that parents with higher levels of education generally attach a higher importance to the education of their children. This implies an intergenerational chain transmitting the attitude towards the formation of human capital from one generation to the next. We incorporate this intergenerational chain into an OLGmodel with endogenous human capital formation. In absence ...

When productivity is fostered by an individual’s own human capital as well as by the economy-wide average level of human capital, individuals under-invest in human capital. The provision of subsidies for the formation of human capital, conditional on the subsidy being self-financed by tax revenues, can bring the economy to its socially optimal level of human capital. Yet a strictly positive pro...

This paper posits a notion of the value of an individual’s human capital and the associated return on human capital. These concepts are examined using U.S. data on male earnings and financial asset returns. We decompose the value of human capital into a bond, a stock and a residual value component. We find that (1) the bond component of human capital is larger than the stock component at all ag...

Knowledge workers are critical for the production of goods and services in the information economy, and thus investment in human capital plays an increasingly important role in economic growth. Since firms cannot directly own human capital and cannot easily monitor or verify human capital investments made by their employees, they need to devise appropriate incentives to attract skilled employee...

this paper explored the multiple relationships between intellectual capital (ic) and knowledge management (km) in an iranian university. for intellectual capital, three components were studied including: relational capital, structural capital and human capital. for knowledge management, five processes were considered, namely creation, acquisition, codification, sharing and application. the rela...

This paper compares property taxation to a corporate income tax based on formula apportionment in a model where identical countries compete to attract capital. We find that if countries can pair a residence-based capital tax with a property tax (source tax on capital) the tax equilibrium is efficient. In contrast, the use of a 2-factor FA scheme based on sales and capital combined with a reside...

this study aimed to explain the role of self-leadership and self-management on human capital of ministry of c.l and s.w. the research method was descriptive and correlational and data analysis metod was sem that using cochran's sampling formula that sample size was determined 306 personnel by simple random sampling. self-leadership and self-management of abili and mazari (2014) with reliab...