Resource Reconfiguration in Human-Capital-Intensive Firms

2017 ◽  
Author(s):  
Philipp Meyer-Doyle ◽  
John Kenneth Mawdsley ◽  
Olivier Chatain
Keyword(s):  
Human Capital ◽  
Resource Reconfiguration ◽  
Capital Intensive

The Governance of Human Capital-Intensive Firms

2018 ◽  
pp. 73-98
Author(s):  
Cécile Cézanne
Keyword(s):  
Corporate Governance ◽  
Human Capital ◽  
Work Motivation ◽  
Original Model ◽  
Resource Model ◽  
Intrinsic Nature ◽  
Governance Model ◽  
Specific Human Capital ◽  
Capital Intensive ◽  
Operational Device

For the past 30 years, the organization and functioning of firms have considerably changed, especially with the growing importance of human capital. In parallel, the primacy of the shareholder governance model has maintained. The aim of this chapter is to review the main theoretical and empirical elements of this paradox and to propose a renewed model of firm governance that takes into account the intrinsic nature of critical human capital incorporated by key employees. The chapter shows that the inalienable residual rights of control inherent to specific human capital are inconsistent with traditional disciplinary models of corporate governance. They rather call for a model of regulation of economic power exercising based on work motivation. This original model that the author calls the “multi-resource model” aims to encourage, retain, and collectively enrich critical resources by using an original operational device based on complementary instruments of incentive and coordination.

scholarly journals Minimizing the Gap between Expectation and Ability: Strategies for SMEs to Implement Social Sustainability Practices

2020 ◽  
Vol 12 (16) ◽  
pp. 6408 ◽  
Author(s):  
Priyabrata Chowdhury ◽  
Rezaul Shumon
Keyword(s):  
Sustainable Development ◽  
Human Capital ◽  
Literature Review ◽  
Sustainable Development Goals ◽  
Institutional Support ◽  
Social Sustainability ◽  
Mismatch Problem ◽  
Development Goals ◽  
Sustainability Practices ◽  
Capital Intensive

Traditionally, it is believed that small- and medium-sized enterprises (SMEs) do not have enough ability to adopt and persistently practice social sustainability. This is because SMEs are not capital-intensive companies and neither are their returns nor skills. At the same time, the wellbeing of the employees in SMEs cannot be ensured and sustainable development goals cannot be achieved without making SMEs socially sustainable, as they account for the majority of world businesses. Moreover, the expectation of the stakeholders and subsequent pressure on SMEs to practicing social sustainability remains. Such pressure from the stakeholders creates a “mismatch problem” between stakeholders’ expectations and SMEs’ abilities to adopt socially sustainable practices. This study aims to explore what factors are responsible for this “mismatch problem”, and how SMEs can handle this mismatch to be socially sustainable firms. Based on a rigorous literature review, this study reveals that both internal issues, such as a lack of resources and awareness, and external issues, such as the non-existence of a tailored social sustainability standard for SMEs and lack of institutional support, are responsible for this gap. This study develops several propositions that highlight the requirements in various situations and provides strategies outlining the implications for SMEs and their stakeholders to make SMEs socially sustainable. Overall, this study discloses that cooperative support from stakeholders, especially during a disruption such as the COVID-19 pandemic, a finance mechanism, the development of awareness and human capital in SMEs, and a unified standard for SMEs are likely to improve social sustainability practices in SMEs.

Human Capital and Knowledge-Intensive Industries Location: Evidence from Soviet Legacy in Russia

2016 ◽  
Vol 76 (3) ◽  
pp. 736-768 ◽  
Author(s):  
Denis Ivanov
Keyword(s):  
Human Capital ◽  
Path Dependence ◽  
Planned Economy ◽  
Business Services ◽  
Knowledge Intensive Business Services ◽  
Geographically Distributed ◽  
Human Capital Externalities ◽  
Soviet Legacy ◽  
Knowledge Intensive ◽  
Capital Intensive

Do human capital endowments trump location for knowledge-intensive industries? This article takes advantage of a natural experiment created by the end of the Soviet planned economy in 1991, which had geographically distributed R&D manpower according to planned needs as opposed to a distribution determined by a market economy. It examines the extent to which the planned economy created a path-dependence in the location of post-Soviet human-capital intensive production. The study finds that regions with more R&D personnel in 1991 did better in the development of modern market-oriented knowledge-intensive business services, like engineering and IT. Several explanations are offered for this path-dependence, with an emphasis on human capital externalities being the most plausible.

Taiwan's Experience in Switching Its Engines of Growth

2002 ◽  
Vol 1 (3) ◽  
pp. 1-23 ◽  
Author(s):  
Sheng-Cheng Hu ◽  
Vei-Lin Chan
Keyword(s):  
Human Capital ◽  
Research And Development ◽  
Venture Capital ◽  
Communication Technology ◽  
Financial Liberalization ◽  
Information Communication Technology ◽  
Computer Hardware ◽  
High Tech ◽  
Information Communication ◽  
Capital Intensive

Taiwan became a leading worldwide manufacturer of computer hardware in the 1990s. The purpose of this paper is to review the process that led to the birth and growth of Taiwan's information-communication technology (ICT) industries. We further discuss such factors as research and development, high-tech human capital, venture capital, financial liberalization, and telecommunications liberalization, which have contributed to the success of the ICT industries and the shift in the economy from labor-intensive to capital-intensive and technology-intensive production.

scholarly journals PETA PERSAINGAN PRODUK EKSPOR INDONESIA, MALAYSIA, SINGAPURA DAN THAILAND

2017 ◽  
Vol 1 (2) ◽  
Author(s):  
Akhmad Jayadi ◽  
Harry Azhar Aziz
Keyword(s):  
Human Capital ◽  
Comparative Advantage ◽  
Trade Balance ◽  
Unskilled Labor ◽  
Product Competition ◽  
Product Technology ◽  
Capital Intensive ◽  
Export Specialization ◽  
Export Product ◽  
Product Mapping

This paper examines the export product competition of Indonesia, Malaysia, Singapore, and Thailand which classified into five major groups: primer product, natural research intensive product, unskilled labor intensive product, technology intensive product, and human capital intensive product. The method used is product mapping, which is combination between Revealed Symmetric Comparative Advantage (RSCA) and Trade Balance Index (TBI). The data used is the 3-digit SITC revision 2, obtained by UNCOMTRADE, year 1980-2015. The result shows that Indonesia has comparative advantage in export specialization of primary product, natural research intensive product, and unskilled labor intensive product. Singapore and Malaysia have comparative advantage in technology intensive product, while Thailand has human capital intensive product. This research proves flying geese pattern of the five group of product, that if a country becomes a leader of one product, it will become follower in another product. 

The Effects on the Labor Market

Capital Women ◽  
2019 ◽  
pp. 125-144
Author(s):  
Jan Luiten
Keyword(s):  
Eighteenth Century ◽  
Human Capital ◽  
Labor Market ◽  
Large Scale ◽  
Black Death ◽  
Demographic Development ◽  
Female Wage ◽  
Age Of Marriage ◽  
Limited Demand ◽  
Capital Intensive

The chapter offers a new explanation for the “great conundrum,” or why population growth accelerated in England in the second half of the eighteenth century while growth in literacy and human capital stagnated. Reviewing various attempts to reconcile this anomaly, the authors discuss (a) the switch from the post–Black Death labor scarcity to a labor surplus, which harmed the economic position of women; and (b) changes in the structure of agriculture, which led to the rise of large-scale, capital-intensive and labor-extensive farms with limited demand for female wage labor. Moreover, the decline in wages had important effects on England’s demographic development, reflected in a decline in the average age of marriage between 1600 and 1800 and an increase in fertility. As a consequence, the authors link the “great conundrum” to the changing position of women in the labor market and within marriage.

A THEORY OF ECONOMIC DEVELOPMENT WITH ENDOGENOUS FERTILITY

2011 ◽  
Vol 16 (5) ◽  
pp. 686-705 ◽  
Author(s):  
Ceyhun Elgin
Keyword(s):  
Human Capital ◽  
Growth Models ◽  
Adult Mortality ◽  
Modern Human ◽  
American Economic Review ◽  
Endogenous Fertility ◽  
Quantitative Performance ◽  
Capital Intensive ◽  
Quantity Of Children

In this paper I build a unified model of economic growth to account for the time-series evolution of output, fertility, and population in the industrialization of an economy. Specifically, I merge the unified growth models of Galor and Weil [American Economic Review 90 (2000), 806–828] and Hansen and Prescott [American Economic Review 92 (2002), 1205–1217] to capture the importance of human capital formation, fertility decline, and the transition from agriculture to industry in transition from stagnation to growth. Moreover, I also incorporate young adult mortality into the model. Initially, the aggregate human capital and return to education are low and the mortality rate is high; therefore parents invest in quantity of children. Once sufficient human capital is accumulated and mortality rates are reduced, thanks to increasing life expectancy, with the activation of the modern human capital–intensive sector, parents start to invest in the quality of their children. The simulation of the model economy improves upon the quantitative performance of the existing literature and successfully captures the evolution of fertility, population, and GDP in the British economy between 1750 and 2000.

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