Does human capital matter? A meta-analysis of the relationship between human capital and firm performance.

@article{Crook2011DoesHC,
  title={Does human capital matter? A meta-analysis of the relationship between human capital and firm performance.},
  author={T. Russell Crook and Samuel Y. Todd and James G. Combs and David J. Woehr and David J. Ketchen},
  journal={The Journal of applied psychology},
  year={2011},
  volume={96 3},
  pages={443-56}
}
Theory at both the micro and macro level predicts that investments in superior human capital generate better firm-level performance. However, human capital takes time and money to develop or acquire, which potentially offsets its positive benefits. Indeed, extant tests appear equivocal regarding its impact. To clarify what is known, we meta-analyzed effects drawn from 66 studies of the human capital-firm performance relationship and investigated 3 moderators suggested by resource-based theory… CONTINUE READING
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