Abstract
The speed of technology, availability of information, and globalization have forced firms to view their human capital as an asset. With human capital being considered an asset, best modes of management must be examined to ensure it is being properly utilized and realizing the greatest value possible. The question then is the following: how does a firm know they are using their human capital properly, or if they are getting the greatest value from this intangible asset? To answer these questions, it poses the need for a firm’s human resources (HR) management to be mindful of the impact that it can have on everyday operations.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Similar content being viewed by others
References
Abhayawansa, S., & Abeysekera, I. (2008). An explanation of human capital disclosure from the resource-based perspective. Journal of Human Resource Costing and Accounting, 12(1), 51–64.
Anca-Ioana, M. (2013). New approaches of the concepts of human resources, human resource management, and strategic human resource managmenet. Annals of the University of Oradea, Economic Series (serial online), 22(1), 1520–1525.
Barney, J. B. (1991). Firm resources and sustained competitive advantage. Journal of Management, 17, 99–120.
Baudry, B., & Chassagnon, V. (2010). The close relation between organization theory and Oliver Williamson’s transaction cost economics: A theory of the firm perspective. Journal of Institutional Economics, 6(4), 477–503.
Berggren, E., & Bernshteyn, R. (2007). Organizational transparency drives company performance. Journal of Management Development, 26(5), 411–417.
Bohm-Bawerk, E. (1891). “Library of Economics and Liberty.” Retrieved March 6, 2013, from The Positive Theory of Capital. Available at http://www.econlib.org/library/BohmBawerk/bbPTC0.html
Bontis, N., & Fitz-Enz, J. (2002). Intellectual capital ROI: A causal map of human capital antecedents and consequents. Journal of Intellectual Capital, 3(3), 223–247.
Campbell, B., Coff, R., & Kryscynski, D. (2012). Rethinking sustained competitive advantage from human capital. Academy of Management Review, 37(3), 376–395.
Chen, H. M., & Min, K. J. (2004). The role of human capital cost in accounting. Journal of Intellectual Capital, 5(1), 116–130.
Cheramie, R., Walsh, K., & Sturman, M. (2008). The value of human capital specificity versus transferability. Journal of Management, 34(2), 290–316. Retrieved April 15, 2013. Available at http://jom.sagepub.com/content/34/2/290
Dunford, B., Snell, S., & Wright, P. (2001, December). Human resources and the resource based view of the firm. Journal of Management, 27(6), 701–721. Retrieved from http://jom.sagepub.com/content/27/6/701
Erikson, T, & Nerdrum, L. (2001). Intellectual capital: A human capital perspective. Journal of Intellectual Capital, 2(2), 127–135.
Fisher, I. (1906). The Nature of Capital and Income. Norwood, MA: The MacMillan Company.
Fulmer, I. S., & Ployhart, R. E. (2014). “Our most important asset”: A multidisciplinary/multilevel review of human capital valuation for research and practice. Journal of Management, 40(1), 161–192, doi:10.1177/0149206313511271.
Library of Economics and Liberty (2008). The Concise Encyclopedia of Economics. Retrieved March 12, 2013, from page “Adam Smith.” Available at http://www.econlib.org/library/Enc/bios/Smith.html
Moliterno, T., & Polyhart, R. (2011). Emergence of the human capital resource: A multilevel model. Academy of Management Review, 36(1), 127–150.
Robinson, D. (2009). Human capital measurement: An approach that works. Strategic HR Review, 8(6), 5–11, doi:10.1108/14754390910990937.
Steffy, B. D., & Maurer, S. D. (1998). Conceptualizing and measuring the economic effectiveness of human resource activities. Academy of Management Review, 13(2), 271–286.
Williamson, O. (2010, June). Transaction cost economics: The natural progression. American Economic Review, 100(3), 673–690. Retrieved May 2013. Available at http://www.aeaweb.org/articles.php?doi= 10.1257/aer.100.3.673
Wright, P. (1998). Introduction: Strategic HR management research in the 21st century. Human Resource Management Review, 8(3), 187–191.
Wright, P., & Hisae Nishii, L. (2007). “Strategic HRM and organizational behavior: Integrating multiple levels of analysis.” Cornell University, School of Industrial and Labor Relations, Center for Advanced Human Resources Studies (CAHRS Working Paper #07–03). Available at http://digitalcommons.ilr.cornell.edu/cahrswp/468
Wright, P., & McMahan, G. (1992). Theoretical perspectives for human resource management. Journal of Management, 18, 295–320.
Editor information
Copyright information
© 2014 Meir Russ
About this chapter
Cite this chapter
Danielson, A. (2014). Perspectives on Human Capital Initiatives. In: Russ, M. (eds) Management, Valuation, and Risk for Human Capital and Human Assets. Palgrave Macmillan, New York. https://doi.org/10.1057/9781137355720_4
Download citation
DOI: https://doi.org/10.1057/9781137355720_4
Publisher Name: Palgrave Macmillan, New York
Print ISBN: 978-1-349-47216-1
Online ISBN: 978-1-137-35572-0
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)