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

Michael A. Hitt, Leonard Bierman, Katsuhiko Shimizu, Rahul Kochhar

Research output: Contribution to journalReview article

1174 Citations (Scopus)

Abstract

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.

Original languageEnglish
Pages (from-to)13-28
Number of pages16
JournalAcademy of Management Journal
Volume44
Issue number1
Publication statusPublished - 2001 Feb
Externally publishedYes

Fingerprint

Professional service firms
Resource-based perspective
Direct effect
Human capital
Moderating effect
Firm performance
Resources
Resource-based view of the firm
Contingency

ASJC Scopus subject areas

  • Business, Management and Accounting(all)
  • Business and International Management
  • Management of Technology and Innovation
  • Strategy and Management

Cite this

Direct and moderating effects of human capital on strategy and performance in professional service firms : A resource-based perspective. / Hitt, Michael A.; Bierman, Leonard; Shimizu, Katsuhiko; Kochhar, Rahul.

In: Academy of Management Journal, Vol. 44, No. 1, 02.2001, p. 13-28.

Research output: Contribution to journalReview article

@article{47b9d7229e234ae4bbe3aadce1d43dd2,
title = "Direct and moderating effects of human capital on strategy and performance in professional service firms: A resource-based perspective",
abstract = "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.",
author = "Hitt, {Michael A.} and Leonard Bierman and Katsuhiko Shimizu and Rahul Kochhar",
year = "2001",
month = "2",
language = "English",
volume = "44",
pages = "13--28",
journal = "Academy of Management Journal",
issn = "0001-4273",
publisher = "Academy of Management",
number = "1",

}

TY - JOUR

T1 - Direct and moderating effects of human capital on strategy and performance in professional service firms

T2 - A resource-based perspective

AU - Hitt, Michael A.

AU - Bierman, Leonard

AU - Shimizu, Katsuhiko

AU - Kochhar, Rahul

PY - 2001/2

Y1 - 2001/2

N2 - 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.

AB - 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.

UR - http://www.scopus.com/inward/record.url?scp=0035255844&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=0035255844&partnerID=8YFLogxK

M3 - Review article

AN - SCOPUS:0035255844

VL - 44

SP - 13

EP - 28

JO - Academy of Management Journal

JF - Academy of Management Journal

SN - 0001-4273

IS - 1

ER -