Abstract
The current study examines the direct and moderating effects of human capital on professional service firm performance. The results show that human capital exhibits a curvilinear (U-shaped) effect and the leveraging of human capital a positive effect on performance. Furthermore, the results show that human capital moderates the relationship between strategy and firm performance, thereby supporting a resource-strategy contingency fit. The results contribute to knowledge on the resource-based view of the firm and the strategic importance of human capital.
Keywords
Perspective (graphical)BusinessService (business)Resource-based viewHuman resource managementResource (disambiguation)MarketingHuman capitalKnowledge managementIndustrial organizationCompetitive advantageManagementEconomics
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Publication Info
- Year
- 2001
- Type
- article
- Volume
- 44
- Issue
- 1
- Pages
- 13-28
- Citations
- 2163
- Access
- Closed
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Cite This
Michael A. Hitt,
L. Biermant,
Katsuhiko Shimizu
et al.
(2001).
DIRECT AND MODERATING EFFECTS OF HUMAN CAPITAL ON STRATEGY AND PERFORMANCE IN PROFESSIONAL SERVICE FIRMS: A RESOURCE-BASED PERSPECTIVE..
Academy of Management Journal
, 44
(1)
, 13-28.
https://doi.org/10.2307/3069334
Identifiers
- DOI
- 10.2307/3069334