The Value of Human Capital Specificity Versus Transferability  

Oleh:

Sturman, Michael C. ; Walsh, Kate ; Cheramie, Robin A.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: JOM: Journal of Management vol. 34 no. 2 (Apr. 2008), page 290-316.
Topik: Human Capital; Job Mobillity; Executive Compensation; Executive Job Changes; Careers
Fulltext: 290.full - Bernard.pdf (150.57KB)

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ92.14 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Human capital is a key resource for which firms compete intensely. Human capital theory suggests that firms value both transferable and specific human capital. Yet as transferability increases, specifictiy decreases. This article examines the value firms place on acquiring executives' human capital as a function of its transferability versus specificity. Using longitudinal data from more than 9,000 executives, this article shows that executive moving to more similar firms receive greater increases to pay than nonmovers and those moving to less similar firms. This article suggests these increases reflect the differential value associated with various types of human capital.

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