Direct and moderating effects of human capital on strategy and performance in professional service firms: A resource-based perspective

• 成果类型: Article
• 署名作者: Hitt, MA; Bierman, L; Shimizu, K; Kochhar, R
• 署名单位: Arizona State University; Arizona State University-Tempe; Texas A&M University System; Texas A&M University College Station; University of Texas System; University of Texas at San Antonio; Purdue University System; Purdue University
• 刊物名称: ACADEMY OF MANAGEMENT JOURNAL
• ISSN/ISSBN: 0001-4273
• DOI: 10.5465/3069334
• 发表日期: 2001
• 页码: 13-28
• 关键词: Information asymmetry; empirical-analysis; KNOWLEDGE; diversification; economies; integration; industry; assets; SCOPE; LAW

摘要

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.