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Advancing the Human Capital Perspective on Value Creation by Joining Capabilities and Governance Approaches


  • Mahoney, Joseph T.

    (University of IL)

  • Kor, Yasmine

    (University of SC)


This paper elaborates on how the human capital perspective on value creation can be advanced by joining the capabilities and governance approaches. Investments in firm-specific human capital can be an important pathway to building and enhancing a firm's core competencies. Thus, it is vital to build mechanisms and systems that encourage the development and safeguarding of these human capital-based capabilities. Our paper unpacks the notion of firm-specific human capital and presents a view on why this form of human capital especially matters in today's business context. We review pitfalls and shortcomings of a traditional shareholder model and its likely impacts on investments in firm-specific human capital. Finally, we discuss mechanisms by which the firm-specific human capital development process can be stimulated and protected.

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  • Mahoney, Joseph T. & Kor, Yasmine, 2014. "Advancing the Human Capital Perspective on Value Creation by Joining Capabilities and Governance Approaches," Working Papers 14-0101, University of Illinois at Urbana-Champaign, College of Business.
  • Handle: RePEc:ecl:illbus:14-0101

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