Breaking from the starting gate on the right foot: Employment effects of an investment in human capital

2021 ◽  
pp. 1119-10578R2
Author(s):  
Agata Maida ◽  
Daniela Sonedda
Keyword(s):  
Human Capital ◽  
Employment Effects ◽  
The Right

THE RIGHT TO USE HUMAN CAPITAL IN ACCOUNTING

2017 ◽  
Author(s):  
Oleksandra Mazina ◽  
◽  
Serhii Rohoznyi ◽  
Olena Kareva ◽  
◽  
...  
Keyword(s):  
Human Capital ◽  
Economic Development ◽  
Accounting System ◽  
Mathematical Methods ◽  
Reporting Standard ◽  
International Financial Reporting Standard ◽  
Employment Contract ◽  
Sustainable Economic Development ◽  
Initial Cost ◽  
The Right

The key factor of sustainable economic development is investment support for human capital development aimed at generating innovative knowledge, professional skills, support and development of abilities and talents, qualitative human characteristics without which economic and social growth is excluded. The study of human capital and the right to use it as objects of an accounting system designed to provide reliable information to users will help society to control the process of human development as a core value and driving force in achieving sustainable economic development from the micro to the global level. In this study, the methods for assessing human capital as an object of accounting «The right to use human capital» are applied according to the methodology of the International Financial Reporting Standard 16 "Lease". The condition for applying the methodology of this standard is the analogy with the employment contract between the business entity and the employee with the terms of the lease agreement. The measurement of such an asset is based on the initial measurement of the lease liability, which is calculated as the present value of future lease payments. Such an asset is subject to straight-line amortization over the life of the contract. Additional investment in human capital at the start of a contract, or in the process of execution, increases the value of the Right to Use Human Capital. To calculate the initial cost of an asset and its depreciation during the term of the employment contract, you can use the existing mathematical methods from the standard list of the EXCEL office program. In this study, using a conditional example of an employment contract for a period of five years, a minimum wage of UAH 6,000 and a discount rate of 7%, the calculation of the initial cost of the «Right to use human capital» is provided.

scholarly journals DEVELOPMENT STRATEGY OF HUMAN CAPITAL OF PT KIMIA FARMA (PERSERO) TBK

2017 ◽  
Vol 1 (02) ◽  
pp. 153-162
Author(s):  
Antoni Ludfi Arifin
Keyword(s):  
Human Capital ◽  
Development Strategy ◽  
Selection Process ◽  
Theory Building ◽  
Primary Data ◽  
Secondary Sources ◽  
Recruitment And Selection ◽  
The Right ◽  
Capital Development

This research is a qualitative research with case study at PT Kimia Farma (Persero) Tbk. The purpose of this research is to understand the overall development strategy of human capital of the Company. Data were collected from primary data through interview, observation, and recording; while secodary data were obtained from PT Kimia Farma (Persero) Tbk or from the externals that are used by the researcher to strengthen the premise, theory building, or data from previous researchers.  The data collected from primary and secondary sources are then processed. The validity of data is checked though data accuracy checking process (triangulation). This research found that the Company has conducted human reseource development strategy through 1) Integrated HR Development with the Company’s visions and missions; 2) open recruitment and selection process will decide and find the candidates who meet the qualifications; 3) preparing assessement center to select the right candidate for the right position; 4) employees training can improve the employees’ competence; and 5) the right development of human capital to prepare for the competitiveness in the future.. Keywords: Human Capital, Development, Strategy, HR Planning

Working effectively and living contentedly in a foreign country: what human capital do expatriates require and develop?

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Reimara Valk
Keyword(s):  
Human Capital ◽  
Foreign Country ◽  
The Body ◽  
Future Research ◽  
Global Business ◽  
Line Managers ◽  
Content Type ◽  
Human Capital Model ◽  
Hr Managers ◽  
The Right

PurposeThe purpose of this paper is to explore the human capital (HC) expatriates require and develop during an international assignment (IA) to work effectively and live contentedly in a host country.Design/methodology/approachQualitative research entailing interviews with 78 expatriates and repatriates across the globe, investigating the competencies they developed and the HC they gained during their IAs.FindingsFive interrelated competence clusters were derived: cultural competence (CC); interpersonal competence; intrapersonal competence; global business competence; global leadership competence, each containing competencies crucial for expatriate success.Research limitations/implicationsThis study relied on self-reports by expatriates and repatriates. Future research should also include senior/line managers and chief human resource officers from a range of organizations across the world to gather their assessments on the competencies and HC of expatriates and repatriates.Practical implicationsLine/HR managers can use the designed “Expatriate/Repatriate Human Capital model” to assess an individual's overall readiness and capacity to perform effectively in a foreign country and culture and consecutively identify and select the right candidates to undertake IAs.Originality/valueThis paper contributes to the literature by presenting a HC model called the “Expatriate and Repatriate Human Capital Model; the body of competence”. The model identifies and defines the competencies/knowledge, skills, abilities and other characteristics (KSAOs) required for intercultural effectiveness and expatriate success and serves as a tool for the selection, training, development and performance evaluation of expatriates and repatriates, in order to aid the accomplishment of individual and organizational objectives.

M&A vs. Greenfield

2018 ◽  
pp. 169-185
Author(s):  
Sana Moid
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Mergers And Acquisitions ◽  
Empirical Evidence ◽  
International Market ◽  
Time Effect ◽  
Entry Modes ◽  
Host Countries ◽  
Bidirectional Relationship ◽  
The Right

The chapter has raised two critically important questions. First, is the M&A boom a one-time effect of privatization, or is it likely to be followed by a rise in Greenfield investment? Second, do these two types of FDI mode have different macroeconomic consequences in terms of aggregate investment and growth? The main purpose of this chapter is to analyze the two entry modes, mergers and acquisitions and Greenfield investment, specifically, and to present a comparative view of the same and how it leads to the economic growth of a nation. It is concluded that one should choose the right mode according to the different situation about the firms in the international market. The present chapter also concludes that Greenfields and M&As do have a positive homogenous effect on growth. Additionally, the enhancement of human capital is an important condition for the host countries to derive the maximum benefits from Greenfields and M&As. Also, there is empirical evidence of a two-way linkage between FDI and growth. However, the bidirectional relationship exists only for the M&A's growth nexus.

Breaking Out of Lock-In

2011 ◽  
pp. 294-320
Author(s):  
Abhishek Nirjar ◽  
Andrew Tylecote
Keyword(s):  
Human Capital ◽  
Software Development ◽  
Human Resource Development ◽  
Small And Medium Enterprises ◽  
Venture Capitalists ◽  
Market Opportunities ◽  
Effective Community ◽  
The Right ◽  
Medium Enterprises ◽  
Lock In

Small and medium enterprises in the Indian software development industry, like their larger counterparts, are mostly low on the value ladder. This chapter examines the difficulties confronting them in moving up the ladder, and the strategies and circumstances conducive to success, drawing on three case studies. Human resource development emerges as central. Though SMEs have meager resources for moving up, compared to large firms, they have a greater incentive to do so—and this organizational interest accords with the interests and motivations of their employees for career development. It is found that the keys to success are to treat employees as co-investors in their own human capital, to form an effective “community of practice” across the firm, and to find market opportunities which “stretch” the firm in the right direction and to the right extent. For the last of these the main contribution is made by existing clients, but an important role may be played by venture capitalists, particularly those which are U.S.-based.

Capital Transitioning: An International Human Capital Strategy for Climate Innovation

2016 ◽  
Vol 6 (1) ◽  
pp. 153-176 ◽  
Author(s):  
Shi-Ling Hsu
Keyword(s):  
Political Economy ◽  
Human Capital ◽  
Climate Policy ◽  
Technology Policy ◽  
Global Climate ◽  
Energy Generation ◽  
Global Strategy ◽  
Growth Properties ◽  
Climate Systems ◽  
The Right

AbstractOne question left unanswered by the 2015 Paris Agreement is exactly how the world will meet the daunting technological challenges that lie ahead. This article proposes a global strategy to build up human capital oriented towards two bodies of knowledge: alternative, non-fossil systems of energy generation, delivery and consumption; and a deeper understanding of climate systems that might be geoengineered to reduce atmospheric concentrations of greenhouse gases. Simply committing funding to climate technology is insufficient; a global climate technology policy must take into account the unique growth properties of human capital, and the conditions under which it can grow.Human capital should be the focus of an international climate agreement for three reasons. Firstly, the wrong kind of human capital (attached to fossil fuel-related methods of energy generation and consumption) has helped to create an unfavourable political economy for climate policy. Secondly, the right kind of human capital (broader, and building on fundamental understandings of energy systems and climate systems) can create a more favourable political economy for climate policy. Thirdly, the technological changes needed for both mitigation and geoengineering technologies are so profound that a human capital stock must be developed with a conscious focus on radical technological change that can be delivered quickly. While individual countries may pursue an enlightened human capital policy on their own, cooperation at the international level would maximize the scale economies of inventive effort.

Positive psychology and the enhancement of happiness: A reply to Binkley (2018)

2018 ◽  
Vol 28 (3) ◽  
pp. 411-417 ◽  
Author(s):  
Rodrigo De La Fabián ◽  
Antonio Stecher
Keyword(s):  
Human Capital ◽  
Positive Psychology ◽  
Main Hypothesis ◽  
Neoliberal Governmentality ◽  
Critical Commentary ◽  
New Form ◽  
The Right

The following is a reply to Sam Binkley’s (2018) critical commentary, “The Work of Happiness: A Response to De La Fabián and Stecher (2017)”. In our paper, “Positive Psychology’s Promise of Happiness: A New Form of Human Capital in Contemporary Neoliberal Governmentality” (De La Fabián & Stecher, 2017), we showed that the kind of transformative work on oneself fostered by positive psychology should be understood as a transcendence of the Calvinist work formula of deferred pleasure. Binkley argues that this is a reductionist hypothesis, which risks turning into a deterministic conception of the processes of subjectivation. We argue that while we share this concern, we do not believe that the Calvinist formula is the right one to call upon to avoid this problem. Our main hypothesis is that positive psychology has created a new game of truth, in which the normative frame of justification that used to give sense to any kind of self-transformative task has been radically changed.

scholarly journals Education – As One Main Form of Human Capital

Economics ◽  
2021 ◽  
Vol 104 (3-5) ◽  
pp. 17-27
Author(s):  
Revaz Shengelia Revaz Shengelia ◽  
Zhuzhuna Tsiklauri-Shengelia Zhuzhuna Tsiklauri-Shengelia ◽  
Natia Shengelia Natia Shengelia
Keyword(s):  
Human Capital ◽  
Economic Development ◽  
Education Reform ◽  
Capital Investment ◽  
Rapid Development ◽  
The State ◽  
Role Of The State ◽  
The Right ◽  
Capital Development ◽  
Short Time

Education is the driving force for economic development and raising living standards. As an active factor of production - a sophisticated person determines the socio-economic development of a country. Truly, there are many factors hindering the rapid development, of which solution in a relatively short time is impossible (f.ex. returning of occupied territory); However there exist other kind of problems (development of infrastructure in a short time, cost saving on maintaining the state bureaucracy and leaving more money for the economy; having reliable money in circulation; an effective social assistance system, etc.), which can be eliminated in a short time. Among such important problems, the most important is to raise the level of human education, so, the qualitative level of human capital development. In order to make the country attractive in the conditions of rapid competition, it is necessary to create an innovative, creative atmosphere for the introduction of the updated education system, for the improvement of human capital. That should ensure the continuous update of the knowledge obtained at the higher Education institutions in parallel with the scientific and technical progress improved level. All this requires a lot of private initiatives, less regulation by the state and in the right direction of finances, reasonable and targeted spending. In Summary, the goal of the ongoing education reform is to make education not just as as a business but to make it more as a public good. Since education is the most significant sphere for accumulation of human capital and dissemination of knowledge in modern digital economy, it is necessary to increase the role of the state in improving this field. Keywords: Human Capital, Investment, Education, Competition.

scholarly journals PENGARUH PEMBERDAYAAN ZAKAT DALAM MENINGKATKAN MODAL MANUSIA DAN KESEJAHTERAAN MASYARAKAT MISKIN

2020 ◽  
Vol 17 (1) ◽  
pp. 7-15
Author(s):  
Maimun Sholeh
Keyword(s):  
Human Capital ◽  
Structural Equation Model ◽  
Cross Section ◽  
Structural Equation ◽  
Equation Model ◽  
Probability Sampling ◽  
Purposive Sampling ◽  
The Poor ◽  
The Right ◽  
Model Approach

Abstrak: Penelitian ini bertujuan untuk mengetahui pengaruh Modal manusia dan pemberdayaan terhadap kesejahteraan masyarakat miskin khususnya masyarakat miskin yang diberdayakan oleh lembaga zakat  sehingga bisa dibuat strategi  yang tepat untuk meningkatkan kesehteraan mereka. Penelitian ini merupakan studi eksplanatori dilakukan dengan menggunakan pendekatan SEM (Structural Equation Model). Anggota sampel ditentukan dengan metode non-probability sampling khususnya dengan purposive sampling. Data dikumpulkan secara cross section dianalisis secara kuantitatif. Hasil penelitian menunjukkan bahwa baik modal manusia maupun pemberdayaan berpengaruh terhadap kesejahteraan masyarakat miskin khususnya masyarakat penerima pemberdayaan zakat. Abstract: This study aims to determine the effect of human capital and empowerment on the welfare of the poor, especially the poor, who are empowered by zakat institutions so that the right strategy can be made to improve their health. This research is a descriptive study conducted using the SEM (Structural Equation Model) approach. The sample members are determined by the non-probability sampling method, especially by purposive sampling. Data were collected by cross-section and analyzed quantitatively. The results showed that both human capital and empowerment affected the welfare of the poor, especially those who received zakat empowerment.

scholarly journals Employment Effects of On-the-Job Human Capital Acquisition

2018 ◽  
Author(s):  
Joaquun Naval ◽  
Joss I. Silva ◽  
Javier VVzquez-Grenno
Keyword(s):  
Human Capital ◽  
Employment Effects ◽  
Capital Acquisition
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