Abstract
Human capital consists of sets or bundles of general knowledge, skills, abilities, and other attributes (KSAOs). When KSAO sets are aligned with an organization’s production technology, specific human capital emerges. Alignment is achieved through matching activities. Specificity is a necessary but insufficient condition for firm-specificity: Uniqueness, labor market frictions, matching capabilities, and luck may lead to quasi firm-specific human capital. Quasi firm-specific human capital potentially leads to sustained competitive advantage; but the conversion is bound to assumptions, and is less likely to occur than often assumed.
Dokumententyp: | Buchbeitrag |
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Fakultät: | Betriebswirtschaft > Institute for Human Capital Management |
Themengebiete: | 300 Sozialwissenschaften > 330 Wirtschaft |
ISBN: | 9781788116688 ; 9781788116695 |
Sprache: | Englisch |
Dokumenten ID: | 95645 |
Datum der Veröffentlichung auf Open Access LMU: | 06. Apr. 2023, 09:54 |
Letzte Änderungen: | 24. Mai 2023, 13:22 |